CENTRAL ISLIP, N.Y.–(BUSINESS WIRE)–CVD Gear Company (NASDAQ: CVV), a number one supplier of chemical vapor deposition techniques, introduced at the moment that it has obtained a manufacturing system order from a significant, US-based, electrical automobile battery materials producer for roughly $1.7M. The system is deliberate to ship to the shopper within the first quarter of 2022.
Important progress in electrical automobiles gross sales is projected within the years to return. With next-generation, lithium ion battery materials growth shifting from analysis and growth to manufacturing, we consider CVD is concentrated to profit from the elevated demand of carbon nanotubes (CNTs), carbon nanofibers (CNFs), silicon nanowires (Si-NWs) and different nanotechnology supplies. These supplies allow elevated power density and cost pace in addition to lower the price per kWh. Chemical vapor deposition is a key manufacturing course of to make these new battery supplies. CVD Gear has an in depth historical past of over 20 years designing and manufacturing CVD instruments to advance the state-of-the-art in nanotechnology supplies.
“CVD is happy to obtain this order contract. It’s affirmation of the strategic course of the corporate to provide tools for supplies in excessive progress nanotechnology materials markets. We stay up for rising our market presence in these Inexperienced Know-how rising markets,” stated Emmanuel Lakios, President and CEO of CVD Gear Company.
About CVD Gear Company
CVD Gear Company (NASDAQ: CVV) designs, develops, and manufactures a broad vary of chemical vapor deposition, fuel management, and different state-of-the-art tools and course of options used to develop and manufacture supplies and coatings for analysis and industrial purposes. This tools is utilized by its prospects to analysis, design, and manufacture these supplies or coatings for aerospace engine parts, medical implants, semiconductors, photo voltaic cells, sensible glass, carbon nanotubes, nanowires, LEDs, MEMS, and different purposes. Via its utility laboratory, the Firm offers course of growth help and course of startup help with the concentrate on enabling tomorrow’s applied sciences™. It’s wholly owned subsidiary CVD Supplies Company offers superior supplies, steel floor remedies, and coatings to serve demanding purposes within the digital, biomedical, petroleum, pharmaceutical, and plenty of different industrial markets.
The Personal Securities Litigation Reform Act of 1995 offers a “protected harbor” for forward-looking statements. Sure info included on this press launch (in addition to info included in oral statements or different written statements made or to be made by CVD Gear Company) accommodates statements which are forward-looking. All statements aside from statements of historic truth are hereby recognized as “forward-looking statements,” as such time period is outlined in Part 27A of the Securities Change Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. Such ahead wanting info entails plenty of identified and unknown dangers and uncertainties that would trigger precise outcomes to vary materially from these mentioned or anticipated by administration. Potential dangers and uncertainties embrace, amongst different components, market and enterprise circumstances, the COVID-19 pandemic, the success of CVD Gear Company’s progress and gross sales methods, the potential for buyer adjustments in supply schedules, cancellation of, or failure to obtain orders, potential delays in product shipments, delays in acquiring stock elements from suppliers and failure to fulfill buyer acceptance necessities. Previous efficiency in not a warranty of future outcomes.