CVD Equipment Corporation – 2011 New Orders Increase 44% over 2010 at $36M
CVD Equipment Corporation (Nasdaq: CVV) announced receiving $36 million in new orders for 2011 surpassing the $25 million of new orders received in 2010 by 44%.
New orders for the CVD/FN division of production and research systems reached approximately $30.5 million in 2011, an increase of 45% compared to 2010 order levels. The CVD/FN division continues to benefit from the increased interest in energy generation, energy savings and nanotechnology fields and from the need to scale up production facilities with customized CVD equipment solutions. CVD anticipates that this demand will continue in 2012.
Additionally, new orders received in 2011 from the SDC division increased by 78% compared to 2010 mainly attributed to further penetration of the research and development market expansion occurring throughout the world.
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