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VD Equipment Corporation (NASDAQ: CVV) has received a Multi-Million dollar order from a
major aerospace components manufacturer to design a custom Chemical Vapor Deposition System scale up solution for their next generation of composite products.
Furthermore, CVD Equipment Corporation reported revenue for the quarter ended March 31, 2012, of $7,155,000, a 15.3% increase over the revenue of $6,206,000 earned for the quarter ended March 31, 2011, and its highest revenue and net income for a quarter ending March 31 in the Company’s history. Income from operations for the three months ended March 31, 2012 was $1,073,000 as compared to income from operations of $877,000 for the three months ended March 31, 2011, a 22% increase. Net income of $728,000 for the quarter ended March 31, 2012 resulted in a 6% increase over the net in- come of $687,000 for the quarter ended March 31, 2011, resulting in earnings of $0.12 per share, basic and diluted, for the current three months compared to earnings of $0.14 per share, basic and diluted, for the quarter ended March 31, 2011. Backlog, at March 31, 2012, was $12,506,000, decreased 23% compared to the backlog of $16,198,000 at Decem- ber 31, 2011.
eutsche Nanoschicht, Germany, developed an innovative production process for high-tem-
perature superconductors. BASF Future Business supports Deutsche Nanoschicht as a cooperation partner. Deutsche Nanoschicht has developed a unique process for manufacturing superconductors
cost-effectively. Customized formulations are depo- sited on a substrate by means of continuous pro- cesses. The crystallographic structure of the substrate is effectively transferred to the ceramic layers being deposited so that all crystals of the superconductor obtained are perfectly aligned to each other. The coating consequently features the ideal electrical properties of a monocrystal but does not show its mechanical properties such as brittleness or impact sensitivity.
ow Chemical Company (NYSE: DOW) reported first quarter 2012 highlights. The Company
reported earnings of $0.35 per share, or adjusted earnings of $0.61 per share. This compares with earnings of $0.54 per share in the same quarter last year, or adjusted earnings of $0.82 per share. Sales were $14.7 billion, in line with the same quarter last year. The Company reduced debt by more than $1 billion in the quarter.
Furthermore, Dow Electronic Materials, a business unit of Dow Chemical Company announced its bolt- on acquisition of Lightscape Materials, Inc., a spin- off of SRI International. Lightscape Materials is a private, US-based research company with intellectual property in specialty phosphor technology. Major Lightscape Materials’ investors included Wisepower, a Korean company, and Silicon-Valley based SRI International. The investment enables Dow to add phosphor technology to the Company’s existing LED technologies portfolio.
12-04 :: April/May 2012