CVD Equipment Corporation Receives First Production System Order for Nanomaterials Used in Electric Vehicle Energy Storage

CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical
vapor deposition systems, announced that it has received a production system
order from a major, US-based, electric vehicle battery material manufacturer
for approximately $1.7M. The system is planned to ship to the customer in
the first quarter of 2022.

“CVD is pleased to receive this order contract. It is affirmation of the
strategic direction of the company to produce equipment for materials in
high growth nanotechnology material markets. We look forward to growing our
market presence in these Green Technology emerging markets”

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Significant growth in electric vehicles sales is projected in the years to
come. With next-generation, lithium ion battery material development moving
from research and development to production, we believe CVD is focused to
benefit from the increased demand of carbon nanotubes (CNTs), carbon
nanofibers (CNFs), silicon nanowires (Si-NWs) and other nanotechnology
materials. These materials enable increased energy density and charge speed
as well as decrease the cost per kWh. Chemical vapor deposition is a key
manufacturing process to make these new battery materials. CVD Equipment has
an extensive history of over 20 years designing and manufacturing CVD tools
to advance the state of the art in nanotechnology materials.

“CVD is pleased to receive this order contract. It is affirmation of the
strategic direction of the company to produce equipment for materials in
high growth nanotechnology material markets. We look forward to growing our
market presence in these Green Technology emerging markets,” said Emmanuel
Lakios, President and CEO of CVD Equipment Corporation.

About CVD Equipment Corporation

CVD Equipment Corporation (NASDAQ: CVV) designs, develops, and manufactures
a broad range of chemical vapor deposition, gas control, and other
state-of-the-art equipment and process solutions used to develop and
manufacture materials and coatings for research and industrial applications.
This equipment is used by its customers to research, design, and manufacture
these materials or coatings for aerospace engine components, medical
implants, semiconductors, solar cells, smart glass, carbon nanotubes,
nanowires, LEDs, MEMS, and other applications. Through its application
laboratory, the Company provides process development support and process
startup assistance with the focus on enabling tomorrow’s technologiesT. It’s
wholly owned subsidiary CVD Materials Corporation provides advanced
materials, metal surface treatments, and coatings to serve demanding
applications in the electronic, biomedical, petroleum, pharmaceutical, and
many other industrial markets.