Feb 5 2014
CVD Equipment Corporation announced today that it received a multi-million dollar order from a major aviation component supplier.
Leonard A. Rosenbaum, President and Chief Executive Officer stated, “We have been working with this customer since 2010 in developing their next generation of equipment to manufacture their composite products. We are pleased to have now been awarded this order for a multi-chamber CVD coating system and look forward to also meeting their future production needs.
“On November 15, 2013 in a press release I had forecast orders for Q4 - October 1, 2013 thru December 31, 2013 to exceed Twelve Million Dollars ($12M). My timing as to exactly when these expected orders would be placed however was slightly off. With this order and other orders for the period from October 1, 2013 thru January 31, 2014 we have now received orders exceeding Twenty-One Million Dollars ($21M).
“Going forward, the Company is well positioned in a number of major areas that should prove beneficial for long term growth: 1) Sales of research systems to universities, research laboratories and start-up companies; 2) Sales of Chemical Vapor Deposition systems to industrial customers for current limited production needs; 3) Sales of advanced industrial manufacturing systems for large scale production; 4) Our wholly owned subsidiary, CVD Materials Corporation for industrial material coating services; and 5) Our Application Laboratory, to develop processes for next generation equipment.
“With the increased capacity of our new facility, CVD is positioned to accommodate the opportunities presented to us as we continue to experience an increase in demand for our products and services - a trend that we anticipate will continue for many years to come.”