CVD Names Dr. Max Shatalov VP of Engineering and Technology

CVD Equipment Corporation CVV, a leading provider of chemical vapor deposition systems, today announced that Dr. Max Shatalov has been named to the Company's newly created position of Vice President of Engineering and Technology.

Dr. Shatalov has over twenty (20) years of experience serving the semiconductor research and device industry and is the holder of more than 75 U.S. patents in the field of process equipment, semiconductor devices and their applications. Dr. Shatalov joined Sensor Electronic Technology Inc.(SETi), a subsidiary of Korean LED company Seoul Viosys, in 2006, and held multiple technical management positions. From 2017 until earlier this year Dr. Shatalov was Vice President of Technology at SETi responsible for the UV LED technology and LED applications development. He received his MSc in 1994 from the St. Petersburg Electrotechnical University "LETI" in Russia. In 1994 he joined the Ioffe Institute, one of Russia's largest institutions for research in physics and technology, as research scientist and obtained his PhD there in 1999. Max performed his post doctorate research at the University of South Carolina from 1999 through 2006 contributing to pioneering research and twice was a recipient of the Japanese Society of Applied Physics Award.

Leonard Rosenbaum, President and Chief Executive Officer, stated, "I am pleased to have Max join as part of our management team and help CVD Equipment Corporation ("CVD") continue to expand our capabilities and implement our vision of enabling tomorrow's technologies™."

Dr. Max Shatalov added, "I am excited with the opportunity that Len and the Board of Directors have given me with this new role as VP of Engineering and Technology. With the breadth of the CVD equipment technology, I foresee CVD Equipment Corporation launching many new products in various applications over the next few years."

About CVD Equipment Corporation

CVD Equipment Corporation 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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