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Posted: October 1, 2008
CVD Equipment Corporation Announces New Order Quarterly Booking Record
(Nanowerk News) CVD Equipment Corporation announced a new order quarterly booking record for the three month period ending September 30, 2008 of $5.9 million. This represents an increase of 16% over the same period in 2007 and a 20% increase over the previous quarter.
CVD attributes the increase in order levels to the increase in selling effort in their four primary market segments: (i) semiconductors and electronics; (ii) university, government and industry research; (iii) industrial applications and (iv) solar/energy. The proceeds received during the 4th quarter of 2007, as a result of the sale of our common stock, has allowed CVD to hire additional personnel, and enabled our key personnel to focus their efforts on selling into targeted market segments and to further develop proprietary and patent pending solutions for these growth markets.
The large demand for energy savings, energy generation materials and products needed to address rising energy costs creates a growing demand for cost effective manufacturing solutions. The applications CVD are addressing in this targeted market have significant growth opportunities for manufacturing technologies that deliver favorable cost/ benefits. Using CVD application laboratory we will expand the areas where our manufacturing solutions can be applied and further optimize our proprietary technologies for cost and performance.
Based on CVD's current broad quotation activity the company anticipates order levels will continue in future quarters above their past historical average. As their proprietary solutions are qualified by their customers for their pilot and/or production processes CVD expects to receive additional orders.
About CVD Equipment Corporation
CVD Equipment Corporation owns and operates three divisions: Together the CVD and First Nano product group form the CVD/First Nano Division. The CVD product group designs and builds pilot and production equipment for custom Chemical Vapor Deposition processes for a very wide variety of applications. The First Nano product group manufactures the EasyTube equipment product line used by researchers around the world to develop and grow a wide variety of next generation Nanowire, Nanotube and Thin Film Materials. The CVD/First Nano Division also operates an Application Laboratory where it develops advanced processes and solutions to facilitate the commercialization of emerging technology in the nano/solar and green field and develops/optimizes custom material manufacturing processes. The Stainless Design Concepts Division manufactures Ultra High Purity (UHP) gas and chemical delivery systems for state-of-the-art semiconductor fabrication processes. It offers complete gas and chemical delivery product lines ranging from cutting-edge to basic gas and chemical handling. The Conceptronic/Research International Division supplies reflow ovens and rework stations to the Printed Circuit Board assembly market and ball attach ovens to the back-end semi-conductor packaging industry. It also develops custom industrial inline oven based systems that process materials with controlled gas atmospheres and temperature profiles.