CVD Signs Contract to Purchase Assets of First Nano, Inc.

May 13, 2005, 01:00 ET from CVD Equipment Corporation

    RONKONKOMA, N.Y., May 13 /PRNewswire-FirstCall/ -- On May 13, 2005, CVD
 Equipment Corporation (CVD) ( ) signed a contract
 with First Nano, Inc., of Carpinteria, CA ( ) to
 purchase certain assets of their Nanotechnology process development and
 equipment business. First Nano develops solutions for single and multiwall
 nanotube and nanowire synthesis and manufactures chemical vapor deposition
 process equipment suitable for the synthesis of a variety of carbon nanotubes,
 one-dimensional nanostructures and nanomaterials.
     Len Rosenbaum, President & CEO states "We, at CVD, are looking forward to
 the addition of First Nano products and process knowledge to our Company. The
 purchase of First Nano strengthens CVD's position in the Carbon Nanotube
 Synthesis Research & Development sector. The First Nano brand further expands
 our market exposure in the Nanotechnology market, a sector we have targeted
 for sales growth in our front end products."
     Cary Chee, President of First Nano comments "We are pleased to become part
 of a company with a strong background and broad experience in chemical vapor
 deposition process equipment. We believe CVD's manufacturing and technological
 expertise, along with First Nano's focus on nanotechnology material synthesis
 will enable both our companies to realize greater market potential beyond
 simply research and development."
     CVD Equipment Corporation  (Amex:   CVV), is a leading manufacturer of
 critical LPCVD, UHVCVD, HVPE, MOCVD, PECVD, LPE, VPE, ALD, Reel-to-Reel,
 Fluidized Bed and RTP products and services for the Semiconductor, Compound
 Semiconductor, Optoelectronic, Wireless Telecommunications, MEMS,
 Nanotechnology, Solar Power, Super Conductivity and industrial markets.
     First Nano, Inc. was established in May 2003, to develop and manufacture
 process equipment uniquely suited to nanotechnology applications. Founded by
 Dr. Virgil Elings, founder of Digital Instruments, Dennis Adderton, formerly
 of NanoDevices and Digital Instruments, Dr. Stephen Minne of Stanford
 University and formerly President of NanoDevices, and Cary Chee, formerly of
 FEI Company and Veeco Instruments, First Nano manufactures turnkey process
 equipment for the synthesis of a variety of one-dimensional nanostructures and
     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
     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 retain qualified personnel;
 competition and technological changes; the company's dependence upon
 proprietary technology and the potential need for additional financing.

SOURCE CVD Equipment Corporation