CVD Equipment Corporation (Nasdaq: CVV)
announced today that it has completed the purchase of the Company’s
planned new facility located at 355 South Technology Drive, Central
Islip, New York.
Leonard Rosenbaum, President and Chief Executive Officer stated, “With
the completion of this purchase we now look forward to relocating into a
facility two times our current space and the unification of our
Application Laboratory under the same roof. With the purchase behind us,
we will focus on both the relocation efforts and the multiple growth
opportunities this relocation will enable.”
About
CVD Equipment Corporation
CVD Equipment Corporation (NASDAQ: CVV)
is a designer and manufacturer of custom and standard state-of-the-art
equipment used in the development, design and manufacture of advanced
electronic components, materials and coatings for research and
industrial applications. CVD offers a broad range of chemical vapor
deposition, gas control, and other equipment that is used by customers
to research, design and manufacture semiconductors, solar cells,
graphene, carbon nanotubes, nanowires, LEDs, MEMS, smart glass coatings,
battery and/or ultra capacitor materials, medical coatings, industrial
coatings and equipment for surface mounting of components onto printed
circuit boards.
With this expansion, our Application
Laboratory will focus on i) Nano material manufacturing, ii) Pilot
production process development/demonstration for the transformation of
nano materials to macro sized materials and/or sub-assemblies, and iii)
Joint business/technology transfer developments for products enabled by
nano materials, which will be marketed through our wholly owned
subsidiary, CVD Materials Corporation.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information included in
this press release by CVD, as well as information included in oral or
other written statements made or to be made by CVD, contains statements
that are forward-looking. All statements other than statements of
historical fact are hereby identified as "forward-looking statements,"
as that term is defined in the Private Securities Litigation Reform Act
of 1995. Such forward looking information involves a number of known and
unknown risks and uncertainties that could cause actual results to
differ materially from those discussed or anticipated by management.
Potential risks and uncertainties include, among other factors, industry
specific and general business conditions, competitive market conditions,
success of CVD's growth and sales strategies, possible customer changes
in delivery schedules, cancellation of orders, delays in product
shipments, delays in obtaining parts from suppliers, failure to satisfy
customer acceptance requirements and other risk factors described in
CVD’s SEC filings. All forward-looking statements are based on
management's estimates, projections and assumptions as of the date
hereof and CVD assumes no obligation to update this press release.
