Jun 19, 2002 CVD Equipment Corporation (CVD, http://www.cvdequipment.com) signed a contract with Conceptronic, Inc. to purchase substantially all of the assets of their Surface Mount Technology (SMT) business.
Len Rosenbaum, President & CEO states, "We, at CVD, are looking forward to the addition of Conceptronic's products to our Company. The purchase of Conceptronic will substantially strengthen CVD's position in the Electronics Assembly and Semiconductor Packaging sector. In mid November of 2001, Research International http://www.research-intl.com) also joined the family of companies owned by CVD Equipment Corp. With our
expanding marketing, sales, engineering, manufacturing and service capabilities, CVD is uniquely positioned to provide high-quality support and field service to the SMT customer base."
Conceptronic specializes in solder reflow ovens and re-work stations for the printed circuit board industry and chip scale package industry. Conceptronic started selling solder reflow equipment in 1987, and their product line is now marketed throughout the world.
CVD Equipment Corporation (Amex: CVV), is a leading manufacturer of critical LPCVD, UHVCVD, MOCVD, LPE, VPE and RTP products and services for the Semiconductor, Optoelectronic, Wireless Telecommunications, MEMS, and Solar Power markets.
This public announcement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or anticipated results. Investors and potential investors should review carefully the description of the risks and uncertainties which, together with other detailed information about CVD Equipment Corporation (CVD), is contained in the periodic reports that CVD files from time to time with Securities and Exchange Commission.
The risks and uncertainties include, but are not limited to: the ability to successfully integrate acquired assets into CVD Equipment Corporation; CVD's dependence upon the ability to attract and retainqualified personnel; competition and technological changes; the company's dependence upon proprietary technology and the potential need
for additional financing.
CONTACT: Karen Hamberg of CVD Equipment Corporation, +1-631-981-7081,
fax - +1-631-981-7095, info@cvdequipment.com
