Order Focus: CVD Equipment posts final 2010 order figures of US$25 million

Financials

  • CVV
    NASDAQ
    13.83
    -0.79 (-5.40%)
    3:59PM EDT

CVD Equipment has posted final sales figures for 2010 of US$25 million – a year-on-year rise of 152%. This number was helped by CVD’s fourth consecutive quarter-on-quarter rise in new orders, which brought in US$8 million for Q4.

Sales figures for CVD’s FN, Conceptronic and SDC divisions increased by 200%, 53% and 40% respectively, and with interest in renewable energy generation and nanotechnology fields showing no sign of abating, it is likely these numbers will continue to rise in 2011.

“The large demand for energy savings, energy generation materials and products needed to address rising energy and environmental costs creates a growing demand for manufacturing solutions using nanotechnology and thin-film coatings on glass, wafers and other substrates,” said a spokesperson for CVD. “The solar, energy and nanotechnology markets offer us significant worldwide growth opportunities for technologies that deliver favorable cost benefits. These fields will benefit further from a renewed drive for energy savings and ecologically safe energy generation.

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