CENTRAL ISLIP, N.Y., (Business Wire) – April 30, 2019 – CVD Equipment Corporation (NASDAQ: CVV), announced today that its subsidiary, CVD MesoScribe Technologies Corporation, received two (2) Phase I Small Business Innovation Research (SBIR) awards from the US Air Force.
The first project award is related to the development of advanced temperature and heat flux sensors to support hypersonic flight system testing. During the project the Company’s proprietary MesoPlasma™ Direct Write printing technology will be used to fabricate sensors onto thermal protection system (TPS) materials including ceramic matrix composites (CMCs).
The second project award is related to the development of a material direct write printing system to deposit metallic and ceramic coatings for aeroengine applications that eliminates the need for part masking during deposition. This project will utilize CVD MesoScribe’s proprietary aperture system to produce high definition coatings with selectable spray widths to meet US Air Force 76PMGS qualification requirements.
“CVD MesoScribe looks forward to working with the Air Force to provide innovative products, sensing solutions, and materials deposition technologies” said Jeff Brogan, Director of Sales & Marketing. “Our Team is excited to support hypersonic materials development and expand our portfolio of instrumentation products. MesoPlasma™ Direct Write deposition technology provides new coating capabilities and cost reduction associated with certain gas turbine engine components.”
The United States Air Force SBIR program is a highly competitive program that encourages small businesses to engage in research and development that has the potential for commercialization and to support the Air Force military effort. The program enables teams to explore technological feasibility while providing the incentive to develop products for commercial and military use.
CVD MesoScribe specializes in materials processing using Direct Write MesoPlasma™ printing technology, an additive manufacturing process whereby materials are printed onto conformal components in precise patterns. The Company provides MesoPlasma™ printing services and products to its customers for use in aerospace, defense, and energy markets.
CVD MesoScribe Technologies Corporation is a subsidiary of CVD Materials Corporation which is a wholly owned subsidiary of CVD Equipment Corporation (NASDAQ: CVV). Its corporate office located in Central Islip, New York and a manufacturing facility is located in Huntington Beach, California.
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 its 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™. It’s 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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