CVD Equipment advised that its new orders in 2011 totaled over US$36 million, 44% more than the US$25 million received in 2010. New orders in the CVD/FN division of production and research systems was approximately US$30.5 million, an increase, according to CVD, of 45% compared to 2010 order levels. CVD expects high demand to continue in 2012.
Leonard Rosenbaum, president and chief executive officer stated, “Quotation levels remain strong and we continue to find new opportunities for the application of our custom chemical vapor deposition solutions in addition to applications in the manufacturing of Solar Cells, Graphene films, Carbon Nanotubes, Silicon Nanowires and other nano materials. Using our application laboratory, we continue to perfect and expand the multiple areas where our process solutions can be applied. The aerospace, medical, solar and nanotechnology markets offer us significant worldwide growth opportunities for technologies that deliver favorable cost and performance benefits.”
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CVD additionally noted that new orders in 2011 for the SDC division increased by 78% over 2010 orders, which it attributes to a continually excelling and developing research and development market around the globe.