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enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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Corporate OverviewNASDAQ: CVV
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
Safe Harbor Statement
Certain statements in the following presentation relate to future results that are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those noted in our forms 10-K, 10-Q, and other filings with the SEC.
This presentation includes historical and forward-looking proforma information. The Company assumes no responsibility to update the information contained in this presentation.
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
OverviewDesigns, develops, and manufactures: custom and standard Chemical Vapor Deposition systems
Recognized leader: a key equipment provider to industry; blue-chip companies; innovative start-ups; leading university, industrial, and government research laboratories for over 30 years
Proprietary edge: a significant library of homegrown solutions and know-how for intricate processes across a broad range of applications in aerospace, medical, semiconductor, solar, glass coating, nanomaterials, superconducting materials, etc
Vertically integrated: design and manufacturing enables rapid system development. We procure raw materials & components and deliver finished systems
Turnkey systems: includes instrumentation, process control software, gas delivery, process chambers, vacuum systems, and exhaust abatement equipment
Application laboratory: product and material development
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
Our Company and Product Lines
R&D products for processing graphene, carbon
nanotubes, semiconducting nanowires, 2D materials,
and thin films for research laboratories
Develops and manufactures process
equipment solutions for R&D and production
applications
Ultra high purity (UHP) gas and chemical delivery systems for high-tech fabrication processes
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
Structured for GrowthCorporate Shared Services
Finance/Legal/Human Resources
Customer Service & Support
R&D / Application Lab
Technical Oversight
SDCDedicated Resources
Sales
Technical mgmt.
Program mgmt.
Purchasing
Eng./Design/Draft
Manufacturing
Testing & QC
Field Service
First Nano
Dedicated Resources
Sales
Technical mgmt.
Program mgmt.
Engineering
CVD
Dedicated Resources
Sales
Technical mgmt.
Program mgmt.
Engineering
AIM
Dedicated Resources
Sales
Technical mgmt.
Program mgmt.
Engineering
Shared Resources
Design / Drafting
Procurement
Manufacturing
Testing & Quality Control
Field Service
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
August 2015 | © 2015 CVD Equipment Corporation All rights reserved
™Operations & ManufacturingOperations
In business 30+ years
Headquarters in Central Islip, NY
Additional facility in Saugerties, NY
~ 200 employees
152,000 square feet of company owned facilities
Sales – Worldwide
Direct sales
Sales representatives
Application Laboratory
CVD Materials Corporation
Manufacturing Model
Vertically integrated for rapid system development and control of project timing
Outsourcing expertise as needed for higher volume production
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
August 2015 | © 2015 CVD Equipment Corporation All rights reserved
™Vertically Integrated Capabilities Vertically integrated design and
manufacturing enables rapid system development We procure raw materials &
components and deliver finished systems
Leverage a network of industry leading suppliers and contractors as required
Provide turnkey systems including instrumentation, process control software, gas handling, and exhaust abatement 30 + years of experience in design,
engineering, and manufacturing of chemical vapor deposition equipment
Application laboratory to support process, equipment, and material development
• Installation and performance testing
• After-sales customer support
• Fully equipped machine shop
• Quartzware design and fabrication
• Integrated system design, engineering, and manufacturing
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
Company HistoryLeveraging know-how and expanding customer base to accelerate growth
1982
1999
2001
2002
2005
2006
2013
ResearchInternational
Conceptronic
Facilities152,000 ft2
Company owned
ApplicationLab opens
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
CVD = Chemical Vapor Deposition
Chemical Vapor Deposition is the controlled decomposition of gases used to deposit a material onto a surface
Requires multidisciplinary engineering: process chamber design, temperature control, gas and vapor flow, pressure control, and automation to achieve the desired deposit
= Chemistry + Temperature + Pressure Control
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
Technology Life Cycle
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
30+ Years of IP
Creation
Production
Pilot
Production
Multiple Identical
Production Systems
Production
Business StrategySustainable growth strategy with low execution riskthrough innovation in diversified markets
We do not need to pick the future winners, the Winners Pick CVD Equipment Corporation!
CVD R&D equipmentEach exploring a new technology fieldEach creating a potential future growth channel
R&D
R&D
R&D
R&D
R&D
R&D
R&DR&D
R&D
R&D
R&D
R&D
R&D
R&D
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
August 2015 | © 2015 CVD Equipment Corporation All rights reserved
™Aerospace ApplicationsTaking Off* Aging fleet and increased demand
will drive the need for >30,000 new commercial aircraft over the next 20 years
Fuel costs account for over 30% of the operating cost for an airline
Weight reduction and increased engine efficiency are the key drivers for deployment of new materials
Latest generation of aircraft contain as much as 53% composite materials by weight
Many new materials require specialty coatings made by Chemical Vapor Deposition
CVD Equipment Corporation recorded several multi-million dollar orders in FY2014 driven by new material requirements in the Aerospace Industry
*Boeing, Current Market Outlook 2015-2034. (2015). Retrieved August 12, 2015 from http://www.boeing.com/resources/boeingdotcom/commercial/about-our-market/assets/downloads/Boeing_Current_Market_Outlook_2015.pdf
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
Commercial Aircraft Market Outlook*
The estimated world market value increased from $4.8 trillion in 2013 to $5.6 trillion in 2014. New aircraft and improved fuel economy are key drivers for developing new materials and coatings. A 10-20% increase in fuel efficiency is driving this market.
*Boeing, Current Market Outlook 2015-2034. (2015). Retrieved August 12, 2015 from http://www.boeing.com/resources/boeingdotcom/commercial/about-our-market/assets/downloads/Boeing_Current_Market_Outlook_2015.pdf
0%
50%
100%
150%
21,600 Aiplanes 2014 43,560 Airplanes 2034
Share of fleet
Regional jets Single aisle Small widebody
Medium widebody Large widebody
7%
70%
13%
9%
1%
Delivery units
38,050New airplanes
2015-2034
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
August 2015 | © 2015 CVD Equipment Corporation All rights reserved
™Medical Device Manufacturing Market* Medical device coatings are widely
used to augment product surface function and to improve performance
Coatings help in reducing friction between devices and tissues, and provide excellent surface coverage, wetting, uniform adhesion, wear-resistance, and coating homogeneity
Many medical devices require non-stick coatings over molded, electrical insulation, biocompatible, or other finishes
The global medical device coatings market will increase from $4.7 billion in 2009 to $7.5 billion in 2014, with a compound annual growth rate (CAGR) of 9.9%
The implant device market will exceed $50 billion by 2015. Microelectronic medical implants was worth $15.4 billion in 2010, with pacemakers being the most well known of these devices
*Kurtz S, Ong K, Lau E, et al. Projections of primary and revision hip and knee arthroplasty in the United States from 2005 to 2030. J Bone Joint Surg Am. 2007, 89(4):780-5.
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
Medical Device Manufacturing Market Knee Replacements in the US*Current status 700,000 per year
Future projection 3,480,000 by 2030
Production scale coating equipment
*Kurtz S, Ong K, Lau E, et al. Projections of primary and revision hip and knee arthroplasty in the United States from 2005 to 2030. J Bone Joint Surg Am. 2007, 89(4):780-5.
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
Research Market*Target market segments:• Academia and Universities
• Technology Incubators
• New Research and Development
• Startups and Joint Business Ventures
Commercialization
Exploration
Discovery
InfrastructureCVD IP leveraged to bridge the
gap for commercial scale up
Basic manufacturing
research
Proof of concept
Production in
laboratory
Capacity to produce
prototype
Capacity in production
environment
Demonstration of production
rates
Funding/Investment
High
Low
Government and Universities
IndustriesGAP
Manufacturing-innovation process
*U.S. Government Accountability Office, NANOMANUFACTURING AND U.S. COMPETITIVENESS:Challenges and Opportunities. (May 20, 2014) Retrieved August 12, 2015, from http://www.gao.gov/products/GAO-14-618T
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
Research Market Domestic Investment Funding Growth*
*Executive Office of the President President’s Council of Advisors on Science and Technology, Report to the President and Congress on the Fifth National Nanotechnology Initiative. (October 2014) [Graph Illustration] Retrieved August 12, 2015, from https://www.whitehouse.gov/sites/default/files/microsites/ostp/PCAST/pcast_fifth_nni_review_oct2014_final.pdf
Expanding network of funding agencies in US, 18% growth in overall funding, and increased funding in emerging applications
$ millions
$246M $291M
Federal interagency collaborations in National Nanotechnology Initiative increased over four‐fold in eight years.
Total funding for Nanotechnology Signature Initiatives 2011‐2015
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
Research Market Global Investment Funding Growth*
Today’s FirstNano™research market
Tomorrow’s CVDproduction market
*Executive Office of the President President’s Council of Advisors on Science and Technology, Report to the President and Congress on the Fifth National Nanotechnology Initiative. (October 2014) [Graph Illustration] Retrieved August 12, 2015, from https://www.whitehouse.gov/sites/default/files/microsites/ostp/PCAST/pcast_fifth_nni_review_oct2014_final.pdf
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
August 2015 | © 2015 CVD Equipment Corporation All rights reserved
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Full Range of Product Platforms and Technologies Applied FirstNano™ R&D Systems
EasyTube® processing systems
EasyGraphene™ processing systems
EasyGas™ support equipment
EasyExhaust™ support equipment
SiQC system for polysilicon quality control
CVD Equipment Production Systems Photovoltaics
Transparent conductive oxides (TCOs)
Reel-to-Reel CVD deposition
Liquid phase epitaxial deposition
Medical components
Aerospace composites
SDC® Ultra High Purity Gas and Chemical Delivery Systems FlexGas™
SymplicitY™
CiphercoN™
MicroLine™ Panels
Systems and Support Equipment for Research & Development
Systems and Support Equipment for Production
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
FirstNano™ R&D ProductsEasyTube® systems are turnkey solutions for nanomaterials research and thin film deposition
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
August 2015 | © 2015 CVD Equipment Corporation All rights reserved
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Nanomaterials & Applications Graphene
Microprocessors & Integrated Circuits
Next Generation & Large Flat and Curved Thin Panel Displays
Filtration
Carbon Nanotubes (VACNTs, SWCNTs, and MWCNTs) Batteries
Capacitors
Advanced Composites
Thin Films and Nanowires Solar
Semiconductors
Batteries
Transition Metal Dichalcogenides Semiconductors
Optoelectronic Devices
Large thin curved panel
displays
Batteries
Vertically aligned silicon
nanowires
Computer components
Semiconductordevices
Randomly aligned silicon
nanowires
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
August 2015 | © 2015 CVD Equipment Corporation All rights reserved
™Technology DevelopmentsContinuous improvement through product development and live process development in our Application Laboratory
Material handling and automation for a range of substrate types, including fibers, porous materials, 3D shaped parts, wafers, foils, tapes, etc.
Development of advanced control systems for temperature, pressure, and precursor flow
Gas delivery and exhaust abatement solutions for a growing range of industrial processes
Control software and safety systems
Patent pending reactor designs for next generation 1D and 2D nanomaterials, including graphene, carbon nanotubes, silicon nanowires, etc.
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
August 2015 | © 2015 CVD Equipment Corporation All rights reserved
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IP DevelopmentsOngoing research in CVD’s application laboratory
Proprietary patent pending technologies for:
300 mm size high quality graphene films
3-10X increase in production capacity at a lower cost for high quality graphene on Cu foil
10-100X increase in production capacity at a lower cost for graphene on Cu foil roll
5-10X increase in production capacity for vertically aligned mm long CNTs
5-10X increase in production capacity for SiNWs
enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™August 2015 | © 2015 CVD Equipment Corporation | All rights reserved
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enabling tomorrow’s technologies™enabling tomorrow’s technologies™enabling tomorrow’s technologies™
SummaryCVD Equipment Corporation continues to expand capabilities in:
Equipment designProcess developmentMaterials applicationsIP developmentManufacturing
CVD Equipment Corporation continues to support process and material development opportunities to advance the state-of-the-art
CVD Equipment Corporation continues to lead in the development of research, pilot, and production equipment to support the generation of new products