CENTRAL ISLIP, N.Y., (Business Wire) – November 21, 2017 – CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, today announced the supply of next generation 2D semiconductor deposition equipment to the U.S. Naval Research Laboratory (NRL).
Earlier this year, CVD Equipment Corporation (CVD) was awarded a contract to supply NRL with opens in a new windowadvanced deposition equipment to further their research in novel opens in a new window2D transition metal dichalcogenide (TMD, TMDC) materials. The equipment was received at the customer’s facility last month.
Dr. Berend Jonker, Senior Scientist at the Materials Science & Technology Division of NRL, stated “the capabilities of CVD Equipment Corporation allowed us to specify exactly what we needed for our deposition equipment to develop new and innovative processes to optimize the synthesis and properties of this emerging class of atomically thin materials.”
CVD has shipped multiple systems for the synthesis of 2D TMDs this year, with more 2D TMD deposition systems in backlog and due to ship in 2018. CVD works closely with customers in the design phase to ensure adherence to specifications and requirements of end users. CVD’s vertically integrated engineering and manufacturing capabilities enable application-specific equipment that can be configured to suit a customer’s distinct research and production needs.
2D TMD semiconductors, including molybdenum disulfide (MoS2), tungsten diselenide (WSe2), and more exotic materials such as bismuth telluride (Bi2Te3), are the subject of vigorous research and development. CVD’s equipment provides the ability to produce atomically thin 2D films of optoelectronic semiconductor materials with diverse physical properties that are not achievable in bulk semiconductors. Exciting applications include flexible electronic and optoelectronic devices, biosensors, battery technology, valleytronics, and spintronics.
About CVD Equipment Corporation
CVD Equipment Corporation (NASDAQ: CVV) designs, develops, and manufactures a broad range of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications. This equipment is used by their customers to research, design, and manufacture these materials or coatings for aerospace engine components, medical implants, semiconductors, solar cells, smart glass, carbon nanotubes, nanowires, LEDs, MEMS, and other applications. Through its application laboratory, the Company provides process development support and process startup assistance with the focus on enabling tomorrow’s technologies™. Its wholly owned subsidiary CVD Materials Corporation provides advanced materials and metal surface treatments and coatings to serve demanding applications in the electronic, biomedical, petroleum, pharmaceutical, and many other industrial markets.
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by CVD Equipment Corporation) contains statements that are forward-looking. All statements other than statements of historical fact are hereby identified as “forward-looking statements,” as such term is defined in Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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, conditions, success of CVD Equipment Corporation’s growth and sales strategies, the possibility of customer changes in delivery schedules, cancellation of orders, potential delays in product shipments, delays in obtaining inventory parts from suppliers and failure to satisfy customer acceptance requirements.
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