CVD Equipment Corporation (Nasdaq: CVV) announced today that it has received an initial order for $3.4 million from a solar panel manufacturer to provide deposition production tools for their solar factory.
CVD continues to benefit from the increased demand for products that generate or save energy and we anticipate that this trend will continue to create demand for our products and services for many years to come.
CVD’s endeavors into Graphene materials and equipment was also given a boost this past week when two physicists working at the University of Manchester were awarded the Nobel Prize in Physics for the discovery and isolation of Graphene. Graphene, a one-atom thick material, is not only the thinnest material in the world, it may also be the strongest substance ever discovered (stronger than steel). Graphene has the potential to transform electronics by allowing for faster computers and folding touch screens, lighter and stronger aircraft and cars and a host of other applications.
The large demand for energy savings, energy generation materials and products needed to address rising energy and environmental costs creates a growing demand for manufacturing solutions using nanotechnology and thin film coatings on glass, wafers and other substrates or materials. Using our Application Laboratory, we continue to perfect and expand the multiple areas where our process solutions can be applied. The solar, energy and nanotechnology markets offer significant growth opportunities for our technologies because they deliver favorable performance and cost benefits. These fields will benefit further from a renewed drive for energy savings and ecologically safe energy generation.
It is gratifying to see that our strategy of accelerating the commercialization of tomorrow’s technologies continues to be recognized by technology innovators with the financial acumen and resources to transition their research and development into production. When we collaborate with technology innovators, our equipment design and manufacturing skills along with our understanding of complex system integration and hardware/process interactions enable a lower risk, higher value equipment and process solution - a winning situation for all parties.