CVD EQUIPMENT Business Summary

CVD Equipment Corp (CVV) operates as a specialized manufacturer of chemical vapor deposition, physical vapor transport, and gas delivery systems, generating revenue through the sale of high-complexity capital equipment and collaborative process development services. The company’s operations are primarily divided into two active segments: the core CVD Equipment division, which provides deposition tools for high-growth sectors like Silicon Carbide (SiC) electronics and aerospace ceramic matrix composites, and the SDC (Stainless Design Concepts) division, which focuses on ultra-high purity gas and chemical delivery control systems. Following the cessation of its MesoScribe operations in 2024, the company has implemented a strategic transformation to transition from vertical integration to outsourced fabrication, aiming to reduce fixed costs and improve margins. Within the small-cap industrial machinery market, CVD Equipment competes directly with firms such as Amtech Systems (ASYS), inTEST (INTT), and Sono-Tek (SOTK), positioning itself as a niche provider of pilot-to-production scale-up solutions for advanced material synthesis. Founded in 1982 by Leonard Rosenbaum, who served as CEO until 2021, the company is currently led by President and CEO Emmanuel "Manny" Lakios, a 40-year industry veteran with a pedigree including leadership roles at Veeco Instruments and Sensor Electronic Technology. The executive team includes Executive VP and CFO Richard Catalano and Dr. Maxim Shatalov, the Vice President of Engineering and Technology, who holds over 150 patents and oversees the company’s technical roadmap. The board is chaired by Lawrence J. Waldman, a seasoned corporate governance expert, and features notable members such as Andrew Africk, founder of Searay Capital and former Senior Partner at Apollo Global Management, and Dr. Robert M. Brill of Newlight Management. This leadership group is focused on leveraging the company's application laboratory to secure production-level orders in the emerging electric vehicle battery and wide-bandgap semiconductor markets.