May 16, 2005 – CVD Equipment Corp. has signed a contract with First Nano Inc., of Carpinteria, CA, to purchase certain assets of its nanotechnology process development and equipment business. First Nano develops solutions for single and multiwall nanotube and nanowire synthesis and manufactures CVD process equipment suitable for the synthesis of a variety of carbon nanotubes, 1-D nanostructures, and nanomaterials.
Len Rosenbaum, president and CEO of CVD, said, “We are looking forward to the addition of First Nano products and process knowledge to our C\company. The purchase of First Nano strengthens CVD’s position in the carbon nanotube synthesis research & development sector.” CVD Equipment is a manufacturer of LPCVD, UHVCVD, HVPE, MOCVD, PECVD, LPE, VPE, ALD, reel-to-reel, fluidized bed and RTP products and services.
Cary Chee, president of First Nano, noted that, “We are pleased to become part of a company with a strong background and broad experience in chemical vapor deposition process equipment.”