- The shares of CVD Tools Company (NASDAQ: CVV) elevated by over 15% pre-market. For this reason it occurred.
The shares of CVD Tools Company (NASDAQ: CVV) – a number one supplier of chemical vapor deposition techniques – elevated by over 15% pre-market. Buyers are responding positively to the corporate asserting that it has acquired a manufacturing system order from a serious US-based electrical car battery materials producer for roughly $1.7 million. This technique is deliberate to ship to the shopper within the first quarter of 2022.
The numerous development in electrical automobiles gross sales is projected within the years to return. And with next-generation lithium-ion battery materials growth shifting from R&D to manufacturing, the corporate believes CVD is concentrated to learn from the elevated demand of carbon nanotubes (CNTs), carbon nanofibers (CNFs), silicon nanowires (Si-NWs) and different nanotechnology supplies.
These supplies are enabling elevated power density and cost pace in addition to lower the fee per kWh. And chemical vapor deposition is a key manufacturing course of to make these new battery supplies. CVD Tools has an intensive historical past of greater than 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 path of the corporate to supply gear for supplies in excessive development nanotechnology materials markets. We sit up for rising our market presence in these Inexperienced Know-how rising markets.”
— Emmanuel Lakios, President and CEO of CVD Tools Company
Disclaimer: This content material is meant for informational functions. Earlier than making any funding, you need to do your personal evaluation.