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CVD EQUIP : CVD Equipment Corporation Received Orders of $9.3M in January, 2011 and Files a Shelf Registration to Support Continued Growth

02/14/2011 | 09:25pm EDT

CVD Equipment Corporation (Nasdaq: CVV) announced today that new orders received during the month of January, 2011 totaled approximately $9.3 million dollars. These orders are for both production and research equipment in the fields of Solar, LED's and Nanotechnology.

Leonard Rosenbaum, president of CVD Equipment Corporation, states, ?We are very pleased by the significant level of new orders received in January, 2011 for both production and research equipment. We will continue to not only expand our research product offerings, but also continue to develop optimized production equipment for our customers. As our research equipment customers transition from research to production, CVD will continue to be an integral part of their success. The CVD/FN division continues to benefit from increased interest and funding in energy generation, energy savings and nanotechnology for both research and production equipment. We anticipate that this interest will continue throughout 2011.

To support our continued and projected growth, our Board of Directors has taken the prudent step of filing a Form S-3 registration statement with the U.S. Securities and Exchange Commission, commonly known as a "shelf registration." When the shelf registration statement is declared effective by the SEC, the Company, at its option, will have the ability to conduct registered offerings of up to $20 million of common stock, preferred stock, debt securities, warrants to purchase these securities, unit offerings or any combination of such securities in multiple transactions over a period of up to three years.

To be clear, we currently have an ample amount of cash and positive operating cash-flow. However, we realize that to meet increasing order levels and minimize segment risk, we may need to raise capital to support the expansion of product offerings, personnel, equipment and facilities. If we choose to sell shares under this shelf registration, it will be at a price we deem favorable to the Company, shareholders and for the purpose of financing both short and long term growth opportunities. For the above reasons, we believe this shelf filing is beneficial to the Company and its shareholders as it allows the Company to raise the capital as needed to continue our current and anticipated growth.?

Specific terms of any future offering under this registration statement will be established at the time of any such offering and will be described in a prospectus supplement that the Company would at such time file with the SEC.

About CVD Equipment Corporation

CVD Equipment Corporation (NASDAQ: CVV) is a designer and manufacturer of standard and custom 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, carbon nanotubes, nanowires, LEDs, MEMS, industrial coatings and equipment for surface mounting of components onto printed circuit boards.

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 Equipment Corporation (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.

This press release does not constitute an offer to sell or solicitation of an offer to buy any securities. Any such offer may be made only pursuant to the company's prospectus for the offering and only in national and state jurisdictions in which the offering is registered or exempt from registration and via authorized broker-dealers. The securities offered by the prospectus involve a high degree of risk.

CVD Equipment Corporation
Karen Hamberg or Investor Relations
Phone: 631-981-7081
Fax: 631-981-7095

© Business Wire 2011
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Financials (USD)
Sales 2020 16,9 M - -
Net income 2020 -6,07 M - -
Net Debt 2020 6,10 M - -
P/E ratio 2020 -3,97x
Yield 2020 -
Capitalization 31,1 M 31,1 M -
EV / Sales 2019 1,25x
EV / Sales 2020 1,79x
Nbr of Employees 130
Free-Float 80,4%
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Emmanuel Lakios President & Chief Executive Officer
Thomas McNeill Chief Financial Officer, Secretary & Treasurer
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