CVD Equipment Corporation
(Nasdaq: CVV) announced that 2008 order levels reached $29.0 million, more
than double the 2007 order levels of $14.4 million, an increase of 101%. Approximately
half of the orders in 2008 were solar and energy market related with most incorporating
CVD proprietary and/or patent pending thin film solutions for enabling tomorrow's
technology™.
Most of the order growth came from solar/energy generation and energy saving
fields as a result of our expanded process and equipment solution offerings
designed to accelerate the commercialization of tomorrow’s technologies.
2008 order levels for the CVD/FN and SDC divisions increased by 146% and 58%
respectively, while the Conceptronic division decreased slightly by 3% compared
to 2007 order levels. The CVD/FN and SDC divisions benefited from the increased
business interest in energy generation and energy savings fields. We anticipate
this trend to continue. The Conceptronic division was impacted by the downturn
in the electronics industry over the last two quarters. We expect this trend
to continue at least through the first two quarters in 2009.
The large demand for energy savings, energy generation materials and products
needed to address rising energy costs creates a growing demand for manufacturing
solutions using thin film coatings on glass, wafers and other substrates. Using
our application laboratory, we will perfect and expand the multiple areas where
low cost thin film manufacturing solutions can be applied and further optimize
our proprietary and patent pending technologies for cost and performance. The
solar, energy and power semiconductor markets we are addressing with multiple
products have significant growth opportunities for technologies that deliver
favorable cost benefits. These fields should benefit further from a renewed
drive for energy savings and generation driven by President-elect Obama’s
administration.