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CVD Equipment Corporation Announces $5.9 Million of New Orders

Published on October 1, 2008 at 11:55 PM

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.

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