New orders in January received by CVD Equipment Corporation totalled US$9.3 million and included orders for both production and research equipment in the fields of Solar, LED’s and Nanotechnology, the company said.
“As our research equipment customers transition from research to production, CVD will continue to be an integral part of their success,” commented Leonard Rosenbaum, president of CVD Equipment Corporation. “The CVD/FN division continues to benefit from increased interest and funding in energy generation, energy savings and nanotechnology for both research and production equipment. We anticipate that this interest will continue throughout 2011.”
The company did not breakout the orders specific to PV manufacturing.
To meet customer demand the small cap is planning to raise up to US$20 million in new capital to support the expansion of product offerings, personnel, equipment and facilities.