CVD Names Dr. Max Shatalov VP of Engineering and Technology

CENTRAL ISLIP, N.Y.–(BUSINESS WIRE)–CVD Equipment Corporation (Nasdaq: CVV), a leading provider of chemical
vapor deposition systems, today announced that Dr. Max Shatalov has been
named to the CompanyÔÇÖs newly created position of Vice President of
Engineering and Technology.

Dr. Shatalov has over twenty (20) years of experience serving the
semiconductor research and device industry and is the holder of more
than 75 U.S. patents in the field of process equipment, semiconductor
devices and their applications. Dr. Shatalov joined Sensor Electronic
Technology Inc.(SETi), a subsidiary of Korean LED company Seoul Viosys,
in 2006, and held multiple technical management positions. From 2017
until earlier this year Dr. Shatalov was Vice President of Technology at
SETi responsible for the UV LED technology and LED applications
development. He received his MSc in 1994 from the St. Petersburg
Electrotechnical University ÔÇ£LETIÔÇØ in Russia. In 1994 he joined the
Ioffe Institute, one of RussiaÔÇÖs largest institutions for research in
physics and technology, as research scientist and obtained his PhD there
in 1999. Max performed his post doctorate research at the University of
South Carolina from 1999 through 2006 contributing to pioneering
research and twice was a recipient of the Japanese Society of Applied
Physics Award.

Leonard Rosenbaum, President and Chief Executive Officer, stated, ÔÇ£I am
pleased to have Max join as part of our management team and help CVD
Equipment Corporation (ÔÇ£CVDÔÇØ) continue to expand our capabilities and
implement our vision of enabling tomorrowÔÇÖs technologiesÔäó.ÔÇØ

Dr. Max Shatalov added, ÔÇ£I am excited with the opportunity that Len and
the Board of Directors have given me with this new role as VP of
Engineering and Technology. With the breadth of the CVD equipment
technology, I foresee CVD Equipment Corporation launching many new
products in various applications over the next few years.ÔÇØ

About CVD Equipment Corporation

CVD Equipment Corporation (NASDAQ: CVV)
designs, develops, and manufactures a broad range of chemical vapor
deposition, gas control, and other state-of-the-art equipment and
process solutions used to develop and manufacture materials and coatings
for research and industrial applications. This equipment is used by its
customers to research, design, and manufacture these materials or
coatings for aerospace engine components, medical implants,
semiconductors, solar cells, smart glass, carbon nanotubes, nanowires,
LEDs, MEMS, and other applications. Through its application laboratory,
the Company provides process development support and process startup
assistance with the focus on enabling tomorrowÔÇÖs technologiesÔäó. ItÔÇÖs
wholly owned subsidiary CVD Materials Corporation provides advanced
materials and metal surface treatments and coatings to serve demanding
applications in the electronic, biomedical, petroleum, pharmaceutical,
and many other industrial markets.

The Private Securities Litigation Reform Act of 1995 provides a ÔÇ£safe
harborÔÇØ for forward-looking statements. Certain information included in
this press release (as well as information included in oral statements
or other written statements made or to be made by CVD Equipment
Corporation) contains statements that are forward-looking. All
statements other than statements of historical fact are hereby
identified as ÔÇ£forward-looking statements, ÔÇ£as such term is defined in
Section 27A of the Securities Exchange Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward looking information involves a number of known and unknown risks
and uncertainties that could cause actual results to differ materially
from those discussed or anticipated by management. Potential risks and
uncertainties include, among other factors, conditions, success of CVD
Equipment CorporationÔÇÖs growth and sales strategies, the possibility of
customer changes in delivery schedules, cancellation of orders,
potential delays in product shipments, delays in obtaining inventory
parts from suppliers and failure to satisfy customer acceptance
requirements.

Contacts

CVD Equipment Corporation
Gina Franco, 631-981-7081
Fax:
631-981-7095
[email protected]