CVD Equipment Corporation Receives Additional Order for Ten PVT-150 Systems for Silicon Carbide Growth
10 Enero 2023 - 3:01PM
Business Wire
CVD Equipment Corporation (NASDAQ: CVV), a leading provider of
chemical vapor deposition systems, announced today that it has
received an additional order for ten (10) high performance PVT-150
systems. The systems will be used to grow 150 mm diameter
monocrystalline silicon carbide (SiC) boules, which are
subsequently processed into SiC wafers used in power electronics.
The systems are scheduled for delivery in the first half of
2023.
SiC power electronics allow for higher power density and greater
efficiency than their silicon-based predecessors, enabling faster
charging times and increased performance. The automotive industry
is driving the uptake in SiC, given its reputation as a more
efficient alternative to silicon. The adoption of SiC in electric
vehicle inverters allows for greater efficiency, increasing range
and/or reducing battery size. Additionally, SiC used in charging
infrastructures allows for higher performance and faster charging,
which has been an accelerating trend for the electric vehicle
industry.
As the demand for SiC devices for high power electronics
continues to increase for electric vehicles, energy, and industrial
applications, Physical Vapor Transport (PVT) is the leading
manufacturing method used to grow SiC boules for wafer production.
CVD Equipment has expertly engineered PVT systems to support the
production of high-quality SiC boules for high yield SiC wafers.
Presently offering 150 mm crystal growth systems, we are committed
to supporting the critical high volume production needs for the
industry and further supporting the evolution to systems of 200 mm
and above.
“CVD Equipment Corporation is ramping-up our commercialization
of the PVT systems to meet the growing needs of the High-Power
electronics industry. Our 40 year legacy of developing process
equipment and our vertical integration has positioned us as a
leading manufacturer of high quality SiC PVT systems. Our sights
are set to facilitate the industry’s growth and electrification of
the future.” 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
industrial applications and research. Our products are used in
production environments as well as research and development
centers, both academic and corporate. Major target markets for our
business include advanced nanomaterials, batteries, and silicon
carbide for high power electronics; aerospace (such as gas turbine
engines and structural components); medical devices (such as
implants); advanced semiconductor devices and silicon for solar
cells; and carbon nanotubes and nanowires. Through its application
laboratory, the Company provides process development support and
process startup assistance with the focus on enabling tomorrow’s
technologies™. Its wholly owned subsidiary, CVD Materials
Corporation, provides advanced materials and metal surface
treatments and coatings to serve demanding applications in the
electronic, biomedical, petroleum, pharmaceutical, and many other
industrial markets.
The Private Securities Litigation Reform Act of 1995 provides a
“safe harbor” for forward-looking statements. Certain information
included in this press release (as well as information included in
oral statements or other written statements made or to be made by
CVD Equipment Corporation) contains statements that are
forward-looking. All statements other than statements of historical
fact are hereby identified as “forward-looking statements, “as such
term is defined in Section 27A of the Securities Exchange Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Such forward looking information involves a
number of known and unknown risks and uncertainties that could
cause actual results to differ materially from those discussed or
anticipated by management. Potential risks and uncertainties
include, among other factors, market and business conditions,
geopolitical uncertainties, the impact of the COVID-19 pandemic,
the success of CVD Equipment Corporation’s growth and sales
strategies, the possibility of customer changes in delivery
schedules, cancellation of, or failure to receive orders, potential
delays in product shipments, delays in obtaining inventory parts
from suppliers and failure to satisfy customer acceptance
requirements, and other risks and uncertainties that are described
in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2021 and the Company’s other filings with the
Securities and Exchange Commission. For forward-looking statements
in this release, the Company claims the protection of the safe
harbor of the Private Securities Litigation Reform Act of 1995. The
Company assumes no obligations to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise. Past performance in not a guaranty of
future results.
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version on businesswire.com: https://www.businesswire.com/news/home/20230110005769/en/
Richard Catalano, Vice President & CFO Phone: (631) 981-7081
Fax: (631) 981-7095 Email: investorrelations@cvdequipment.com
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