CVD Equipment Corporation
announced a new order quarterly booking record for the three month period ending
September 30, 2008 of $5.9 million. This represents an increase of 16% over
the same period in 2007 and a 20% increase over our last quarter.
We attribute the increase in order levels to the increase in selling effort
in our four primary market segments: (i) semiconductors and electronics; (ii)
university, government and industry research; (iii) industrial applications
and (iv) solar/energy. The proceeds received during the 4th quarter of 2007,
as a result of the sale of our common stock, has allowed us to hire additional
personnel, and enabled our key personnel to focus their efforts on selling into
targeted market segments and to further develop proprietary and patent pending
solutions for these growth markets.
The large demand for energy savings, energy generation materials and products
needed to address rising energy costs creates a growing demand for cost effective
manufacturing solutions. The applications we are addressing in this targeted
market have significant growth opportunities for manufacturing technologies
that deliver favorable cost/ benefits. Using our application laboratory we will
expand the areas where our manufacturing solutions can be applied and further
optimize our proprietary technologies for cost and performance.
Based on our current broad quotation activity we anticipate order levels will
continue in future quarters above our past historical average. As our proprietary
solutions are qualified by our customers for their pilot and/or production processes
we expect to receive additional orders.