<SEC-DOCUMENT>0001437749-19-009287.txt : 20190509
<SEC-HEADER>0001437749-19-009287.hdr.sgml : 20190509
<ACCEPTANCE-DATETIME>20190509160219
ACCESSION NUMBER:		0001437749-19-009287
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20190509
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190509
DATE AS OF CHANGE:		20190509

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CVD EQUIPMENT CORP
		CENTRAL INDEX KEY:			0000766792
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY, NEC [3559]
		IRS NUMBER:				112621692
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16525
		FILM NUMBER:		19810390

	BUSINESS ADDRESS:	
		STREET 1:		355 S. TECHNOLOGY DRIVE
		CITY:			CENTRAL ISLIP
		STATE:			NY
		ZIP:			11722
		BUSINESS PHONE:		6319817081

	MAIL ADDRESS:	
		STREET 1:		355 S. TECHNOLOGY DRIVE
		CITY:			CENTRAL ISLIP
		STATE:			NY
		ZIP:			11722
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>cvv20190508_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html>
<head>
	<title>cvv20190508_8k.htm</title>

	<!-- Created by RDG HTML Converter v1.1.0.0 5/8/2019 5:24:44 PM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no"/>
</head>
<body style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding: 0in 0.1in; cursor: auto;">
<p style="margin: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="margin-left:0.6%;width:99.4%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>UNITED STATES</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;text-transform:uppercase;"><b>Washington, DC 20549</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:12pt;margin:0pt;text-align:center;"><b>FORM 8-K</b></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="margin-left:0.6%;width:99.4%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;text-transform:uppercase;"><b>CURRENT REPORT Pursuant</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;text-transform:uppercase;"><b>to Section 13 or 15(d) of the</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;text-transform:uppercase;"><b>Securities Exchange Act of 1934</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Date of report (Date of earliest event reported): <b>May</b><b>&nbsp;</b><b>9</b><b>,</b><b> 201</b><b>9</b></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:12pt;margin:0pt;text-align:center;text-transform:uppercase;">CVD EQUIPMENT CORPORATION</p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Exact Name of Registrant as Specified in Its Charter)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="margin-left:0.6%;width:99.4%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:31.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">New York</p>
			</td>
			<td style="vertical-align:top;width:2.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:31.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">1-16525</p>
			</td>
			<td style="vertical-align:top;width:2.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:31.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">11-2621692</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:31.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(State or Other Jurisdiction of Incorporation or Organization)</p>
			</td>
			<td style="vertical-align:top;width:2.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:31.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Commission File Number)</p>
			</td>
			<td style="vertical-align:top;width:2.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:31.9%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(IRS Employer Identification No.)</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="margin-left:0.6%;width:99.4%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:49.2%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">355 South Technology Drive</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Central Islip, New York</p>
			</td>
			<td style="vertical-align:top;width:2.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:48.7%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">11722</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:49.2%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Address of Principal Executive Offices)</p>
			</td>
			<td style="vertical-align:top;width:2.1%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:48.7%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Zip Code)</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Registrant&rsquo;s Telephone Number, Including Area Code: (631) 981-7081</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Former Name or Former Address, if Changed Since Last Report)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<i>see </i>General Instruction A.2. below):</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="margin-left:0.6%;width:99.4%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;width:7.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&#9744;&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:92.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:7.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:92.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:7.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&#9744;</p>
			</td>
			<td style="vertical-align:top;width:92.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:7.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:92.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:7.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&#9744;</p>
			</td>
			<td style="vertical-align:top;width:92.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:7.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:92.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:7.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&#9744;</p>
			</td>
			<td style="vertical-align:top;width:92.6%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="margin-left:0.6%;width:99.4%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: right;">Emerging growth company &#9744;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Securities Registered pursuant to Section 12(b) of the Act:</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="margin-left: 0.1%; width: 99.9%; text-indent: 0px; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border: 1px solid rgb(0, 0, 0);">

		<tr>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:33.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Title of each class</p>
			</td>
			<td style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); width: 33.3%; border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Trading Symbol(s)</p>
			</td>
			<td style="vertical-align:top;border-bottom:solid 1px #000000;;width:33.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Name of exchange on which registered</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 33.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;Common Stock</p>
			</td>
			<td style="vertical-align: top; width: 33.3%; border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;CVV</p>
			</td>
			<td style="vertical-align: top; width: 33.3%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;Nasdaq Capital Market</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 63pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Item 2.02</b></p>
			</td>
			<td>
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Results of Operations and Financial Condition</b></p>
			</td>
		</tr>

</table>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On May 9, 2019, CVD Equipment Corporation issued a press release reporting on its results of operations for the quarter ending March 31, 2019.</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 2.02 and shall not be deemed to be &ldquo;filed&rdquo; for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This report will not be deemed an admission as to the materiality of any information herein (including Exhibit 99.1).</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 63pt;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Item 9.01</b></p>
			</td>
			<td>
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Financial Statements and Exhibits</b></p>
			</td>
		</tr>

</table>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">(d) Exhibits</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); width: 12%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Exhibit No.</b></p>
			</td>
			<td style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); width: 0%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>&nbsp;</b></p>
			</td>
			<td style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); width: 88%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Description</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 12%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">99.1</p>
			</td>
			<td style="vertical-align: top; width: 0%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align: top; width: 88%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><a href="ex_143843.htm" style="-sec-extract:exhibit;">Press release dated&nbsp;May&nbsp;9, 2019.</a></p>
			</td>
		</tr>

</table>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"><b>&nbsp;</b></p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;text-indent:36pt;"><b>SIGNATURES</b></p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Date:&nbsp; May 9, 2019</p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width:100%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

		<tr>
			<td style="vertical-align: top; width: 62%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>CVD EQUIPMENT CORPORATION</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 62%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align: top; width: 4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align: top; width: 34%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 62%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align: top; width: 4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">By:</p>
			</td>
			<td style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); width: 34%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">/s/ THOMAS MCNEILL</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 62%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align: top; width: 4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Name:&nbsp;</p>
			</td>
			<td style="vertical-align: bottom; width: 34%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Thomas McNeill</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 62%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
			</td>
			<td style="vertical-align: top; width: 4%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Title:&nbsp;</p>
			</td>
			<td style="vertical-align: top; width: 34%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Chief Financial Officer</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex_143843.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
<head>
	<title>ex_143843.htm</title>

	<!-- Created by RDG HTML Converter v1.1.0.0 5/8/2019 5:26:54 PM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no"/>
</head>
<body style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding: 0in 0.1in; cursor: auto;">
<p style="margin-bottom: 0px; text-align: right; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 99.1</b></font></p>

<p style="margin-bottom: 0px; text-align: left; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%;">

		<tr>
			<td style="width: 60%;"><img src="img01.jpg"></td>
			<td style="width: 40%; vertical-align: bottom; text-align: right;"><i>enabling tomorrow&rsquo;s technologies</i>&trade;</td>
		</tr>

</table>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">355 South Technology Drive, Central Islip, New York 11722 |<b> T</b> 631.981.7081 | <b>F</b> 631.981.7095 | info@cvdequipment.com</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:18pt;margin:0pt;text-align:center;">CVD Reports First Quarter 2019 Results</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">CENTRAL ISLIP, N.Y., (Business Wire) &ndash; May 9, 2019 - CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials, today announced its first quarter 2019 financial results.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">CVD first quarter 2019 revenue was $3.5 million as compared to $9.2 million in the first quarter of 2018, a decrease of $5.7 million or 62.0%. Net loss for the first quarter was $2.2 million, or $0.33 per diluted share, as compared to a net profit of $.6 million or $.09 per diluted share in the first quarter of 2018.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company has received new orders of approximately $6.5 million in the first quarter of 2019 and order backlog at March 31, 2019 was approximately $6.0 million. The Company&rsquo;s return to profitability is dependent upon, among other things, the receipt of new equipment orders, the ramp up of the materials business and managing planned expenditures and operating expenses. Thomas McNeill, Chief Financial Officer, said &ldquo;We anticipate the cost containment measures we have been implementing should align our expenses to our order rates, thereby reducing future operating losses and should return the Company to profitability by the first quarter of 2020&rdquo;.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&ldquo;While 2018 was a difficult year for CVD, the Company has accelerated its focus on the materials business. During 2018, the Company invested $2.5 million in building improvements and machinery related to CVD Materials, $.4 million in the first quarter of 2019 and other materials facility related expenses.&nbsp;&nbsp;&nbsp;With the operations at our new materials facility coming online during the third quarter of 2019, and our continued investment in building improvements and machinery we will enhance our marketing efforts by showcasing our operations to new and existing customers. In addition, we will complete the move of our Mesoscribe operations from California by the end of May 2019, with integration to be completed by July 2019. The consolidating of Mesoscribe operations into our materials facility should enhance our ability to execute on operational improvements, as well as reduce operational costs. The expanded materials operations will enhance our capabilities in providing i) corrosion resistant coatings through our Tantaline&reg; subsidiary for medical, pharma, oil and gas applications, ii) sensors through our MesoScribe&trade; subsidiary for defense, aerospace and turbine applications, and iii) through our CVD Materials subsidiary for carbon composite materials, medical coatings, electronic substrate materials and further expansion into other coatings for defense, aerospace, medical, and industrial applications,&rdquo; said Leonard Rosenbaum, President and Chief Executive Officer.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company will hold a conference call to discuss its results today at 4:30 pm (Eastern Time). To participate in the live conference call, please dial toll free (877) 407-2991 or International (201) 389-0925. A telephone replay will be available for 7 days following the call. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13690756. A live and archived webcast of the call is also available on the company&rsquo;s website at www.cvdequipment.com/events.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">www.cvdequipment.com | www.cvdmaterialscorp.com | www.stainlessdesign.com</p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="width: 100%; text-align: right;">Page <b>1</b> of <b>3</b></div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%;">

		<tr>
			<td style="width: 50%;">
			<div><img src="img02.jpg"></div>
			</td>
			<td style="width: 50%; vertical-align: bottom; text-align: right;"><i>enabling tomorrow&rsquo;s technologies</i>&trade;</td>
		</tr>

</table>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:12pt;margin:0pt;text-align:justify;">About CVD Equipment Corporation</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">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 <i>enabling tomorrow&rsquo;s technologies&trade;. </i>It&rsquo;s 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.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Private Securities Litigation Reform Act of 1995 provides a &ldquo;safe harbor&rdquo; 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 &ldquo;forward-looking statements, &ldquo;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 Corporation&rsquo;s growth and sales strategies, the possibility of customer changes in delivery schedules, cancellation of, or failure to receive orders, potential delays in product shipments, delays in obtaining inventory parts from suppliers and failure to satisfy customer acceptance requirements.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">For further information about this topic please contact:</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Gina Franco</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Phone: (631) 981-7081</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Fax: (631) 981-7095</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Email: <u>investorrelations@cvdequipment.com</u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">

		<tr>
			<td colspan="3" style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>CVD EQUIPMENT CORPORATION AND SUBSIDIARIES</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Condensed Consolidated Statements of Operations</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>For the Three Months Ended March 31, 2019 and 2018</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(In thousands)</p>
			</td>
		</tr>

</table>

<p style="margin: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px;">

		<tr style="vertical-align: bottom;">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="6" id=".amt.D3" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Three Months Ended </b></b></b></p>
			</td>
			<td id=".trail.D3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom;">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".lead.D2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>2019</b></b></b></p>
			</td>
			<td id=".trail.D2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".lead.D3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td colspan="2" id=".amt.D3" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>2018</b></b></b></p>
			</td>
			<td id=".trail.D3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 62%;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Revenue</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">3,469</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">9,154</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Gross profit</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(388</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">3,761</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating expenses</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">2,177</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">2,850</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Operating (loss) income</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">(2,565</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">911</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net (loss) income</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(2,177</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">558</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Diluted (loss) earnings per share</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(0.33</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">0.09</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">www.cvdequipment.com | www.cvdmaterialscorp.com | www.stainlessdesign.com</p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="width: 100%; text-align: right;">Page <b>2</b> of <b>3</b></div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%;">

		<tr>
			<td style="width: 50%;">
			<div><img src="img02.jpg"></div>
			</td>
			<td style="width: 50%; vertical-align: bottom; text-align: right;"><i>enabling tomorrow&rsquo;s technologies</i>&trade;</td>
		</tr>

</table>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">

		<tr>
			<td colspan="4" style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Condensed Consolidated Balance Sheets </b></p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>As of March 31</b><b>,</b><b> 2019 and December 31, 2018</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="4" style="vertical-align:top;width:100%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>(In thousands)</b></p>
			</td>
		</tr>

</table>

<p style="margin: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px;">

		<tr style="vertical-align: bottom;">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".lead.D2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>2019</b></b></b></p>
			</td>
			<td id=".trail.D2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D3" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>2018</b></b></b></p>
			</td>
			<td id=".trail.D3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 62%;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><b>Assets</b></p>
			</td>
			<td id=".lead.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".amt.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".trail.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".lead.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".amt.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".trail.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Current Assets</p>
			</td>
			<td id=".lead.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".trail.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".lead.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".trail.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Cash and cash equivalents</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">11,253</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">11,439</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Accounts receivable, net</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">2,104</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">4,065</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Contract assets</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">1,089</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">1,358</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Inventories, net</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">1,745</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">1,862</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Other current assets</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">771</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">723</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total Current Assets</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">16,962</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">19,447</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Property, plant and equipment, net</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">30,596</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">30,403</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Other assets</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3,070</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">2,665</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total Assets</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">50,628</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">52,515</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td>&nbsp;</td>
			<td id=".lead.B2">&nbsp;</td>
			<td id=".symb.B2">&nbsp;</td>
			<td id=".amt.B2">&nbsp;</td>
			<td id=".trail.B2">&nbsp;</td>
			<td id=".lead.B3">&nbsp;</td>
			<td id=".symb.B3">&nbsp;</td>
			<td id=".amt.B3">&nbsp;</td>
			<td id=".trail.B3">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><b>Liabilities and Stockholders&#39; Equity</b></p>
			</td>
			<td id=".lead.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".amt.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".trail.B2" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".lead.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".amt.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".trail.B3" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>&nbsp;</b></td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Current Liabilities</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">4,330</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">4,071</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total Long-Term Liabilities</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">11,884</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">12,052</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total Stockholders&rsquo; Equity</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">34,414</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">36,392</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total Liabilities and Stockholders&rsquo; Equity</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">50,628</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">52,515</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:40.5pt;margin-right:0pt;margin-top:0pt;text-align:left;">CVD earnings release should be read in conjunction with the Company&rsquo;s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for fiscal year ended December 31, 2018</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:40.5pt;margin-right:0pt;margin-top:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">www.cvdequipment.com | www.cvdmaterialscorp.com | www.stainlessdesign.com</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">&nbsp;</p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: right;">Page <b>3</b> of <b>3</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">&nbsp;</p>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>img01.jpg
<TEXT>
begin 644 img01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0 L17AI9@  34T *@    @  0$Q  (
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M]15GTNZ1%+,T+@ #))VFO"/V8O$>C:9X U33=2U.UL[Q=5:7R9YE1BK11*"
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M,#R!UJ;XX>#M>\7V?AQ/#EA]L:RU(3W \Z./8@'7YV&?H* /4Z*** "BBB@
MHHHH **** ,7QCH<GB;P7JVB03+!)?VKP+*XR$+#&2!5'X;>$IO WP]TWP[=
M74=W+9>;NFC4JK;Y7<<'V;'X444 =11110 4444 %%%% !1110 4444 %%%%
, !1110 4444 ?__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>img02.jpg
<TEXT>
begin 644 img02.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0 L17AI9@  34T *@    @  0$Q  (
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,_2O0** "BBB@#__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
