CVD Equipment Corporation (Nasdaq: CVV) announced receiving $36 million in new orders for 2011 surpassing the $25 million of new orders received in 2010 by 44%.
New orders for the CVD/FN division of production and research systems reached approximately $30.5 million in 2011, an increase of 45% compared to 2010 order levels. The CVD/ FN division continues to benefit from the increased interest in energy generation, energy savings and nanotechnology fields and from the need to scale up production facilities with customized CVD equipment solutions. CVD anticipates that this demand will continue in 2012.
Additionally, new orders received in 2011 from the SDC division increased by 78% compared to 2010 mainly attributed to further penetration of the research and development market expansion occurring throughout the world.
Leonard Rosenbaum, President and Chief Executive Officer stated, “Quotation levels remain strong and we continue to find new opportunities for the application of our custom chemical vapor deposition solutions in addition to applications in the manufacturing of Solar Cells, Graphene films, Carbon Nanotubes, Silicon Nanowires and other nano materials. Using our Application Laboratory, we continue to perfect and expand the multiple areas where our process solutions can be applied. The aerospace, medical, solar and nanotechnology markets offer us significant worldwide growth opportunities for technologies that deliver favorable cost and performance benefits.”Karlheinz Strobl, V.P. of Business Development added, “It is gratifying to see our strategy of accelerating commercialization of tomorrow’s technologies is being recognized by technology innovators with the financial acumen and resources to help accelerate the transition of nano materials from research and development into volume production. Our capabilities in equipment design, manufacturing, understanding of complex systems and materials manufacturing enables CVD to offer a lower risk higher value winning solution for all parties involved.”