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.”
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.