December 19, 2007 — CVD Equipment Corp. has signed a contract to purchase a 13,300 square foot facility in Ronkonkoma, NY for expansion of its First Nano Laboratory in Q1, 2008. The larger facility will enable First Nano, a division of CVD, to work with multiple startup and established companies in the nano, solar, energy and semiconductor fields for commercialization of their intellectual property.
The laboratory will contain First Nano’s process systems for carbon nanotube, nanowire, nanomaterial and solar applications. Its location — just one block from the company’s design and manufacturing facility — enables close cooperation with First Nano’s process equipment development team to quickly conceive and implement specific process equipment customizations to rapidly advance projects.
“Bright ideas often fail to reach commercialization when an equipment design solution resulting in acceptable quality, productivity and yield is not developed within a given time frame” said Dr. Karlheinz Strobl, VP of Businesses Development. “New ideas and concepts can be prototyped and validated much faster, for less cost, and most importantly at lower risk, by utilizing the available equipment in our laboratory and using the expertise of our process engineers and scientists. This expansion enables more companies to privately validate their concepts and prototype at least part of their production processes thereby accelerating their path to commercialization.”