<SEC-DOCUMENT>0001437749-21-007833.txt : 20210331
<SEC-HEADER>0001437749-21-007833.hdr.sgml : 20210331
<ACCEPTANCE-DATETIME>20210331160017
ACCESSION NUMBER:		0001437749-21-007833
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20210329
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210331
DATE AS OF CHANGE:		20210331

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:		21793123

	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>cvv20210330_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html><head><meta charset="utf-8"><meta name="format-detection" content="telephone=no"><!--Created on 3/30/2021 2:45:20 PM --><meta name="generator" content="RDG HTML Converter 3.4.3.0">
	<title>cvv20210330_8k.htm</title>


</head>
<body style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; padding: 0in 0.1in; cursor: auto;">
<table cellpadding="0pt" cellspacing="0pt" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 100%; margin-left: 0pt; margin-right: 0pt;">

		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 101.3%; 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; font-variant: normal; text-align: center; margin: 0pt;"><b>UNITED STATES</b></p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 101.3%; 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; font-variant: normal; text-align: center; margin: 0pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 101.3%; 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; font-variant: normal; text-align: center; margin: 0pt;"><b>WASHINGTON, DC 20549</b></p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 101.3%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 101.3%; 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; font-variant: normal; text-align: center; margin: 0pt;"><b>FORM 8-K</b></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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

		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 108.4%; 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; font-variant: normal; text-align: center; margin: 0pt;"><b>CURRENT REPORT PURSUANT</b></p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 108.4%; 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; font-variant: normal; text-align: center; margin: 0pt;"><b>TO SECTION 13 OR 15(D) OF THE</b></p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 108.4%; 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; font-variant: normal; text-align: center; margin: 0pt;"><b>SECURITIES EXCHANGE ACT OF 1934</b></p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 108.4%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 108.4%; 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; font-variant: normal; text-align: center; margin: 0pt;">Date of report (Date of earliest event reported):</p>

			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;"><b>March 29, 2021</b></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&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: 100%; text-align: center; font-family: Times New Roman; font-size: 12pt; border-bottom: thin solid rgb(0, 0, 0);">CVD EQUIPMENT CORPORATION</td>
		</tr>

</table>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(Exact Name of Registrant as Specified in Its Charter)</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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

		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: top; width: 32%; 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; font-variant: normal; text-align: center; margin: 0pt;">New York</p>
			</td>
			<td style="vertical-align: top; width: 2%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: top; width: 32%; 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; font-variant: normal; text-align: center; margin: 0pt;">1-16525</p>
			</td>
			<td style="vertical-align: top; width: 2%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: top; width: 32%; 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; font-variant: normal; text-align: center; margin: 0pt;">11-2621692</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 32%; 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; font-variant: normal; text-align: center; margin: 0pt;">(State or Other Jurisdiction of</p>

			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;">Incorporation or Organization)</p>
			</td>
			<td style="vertical-align: top; width: 2%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="vertical-align: top; width: 32%; 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; font-variant: normal; text-align: center; margin: 0pt;">(Commission File Number)</p>
			</td>
			<td style="vertical-align: top; width: 2%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="vertical-align: top; width: 32%; 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; font-variant: normal; text-align: center; margin: 0pt;">(IRS Employer Identification</p>

			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;">No.)</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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

		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: top; width: 49%; 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; font-variant: normal; text-align: center; margin: 0pt;">355 South Technology Drive</p>

			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;">Central Islip, New York</p>
			</td>
			<td style="vertical-align: top; width: 2%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 49%; 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; font-variant: normal; text-align: center; margin: 0pt;">11722</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 49%; 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; font-variant: normal; text-align: center; margin: 0pt;">(Address of Principal Executive Offices)</p>
			</td>
			<td style="vertical-align: top; width: 2%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="vertical-align: top; width: 49%; 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; font-variant: normal; text-align: center; margin: 0pt;">(Zip Code)</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Registrant&#8217;s Telephone Number, Including Area Code: (631) 981-7081</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">&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;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(Former Name or Former Address, if Changed Since Last Report)</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">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';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table cellpadding="0pt" cellspacing="0pt" style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 95%; margin-left: 2.5%; margin-right: 2.5%;">

		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 4%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&#9744;</td>
			<td style="vertical-align: top; width: 96%; 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; font-variant: normal; text-align: justify; margin: 0pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 4%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="vertical-align: top; width: 96%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 4%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&#9744;</td>
			<td style="vertical-align: top; width: 96%; 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; font-variant: normal; text-align: justify; margin: 0pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 4%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="vertical-align: top; width: 96%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 4%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&#9744;&nbsp;</td>
			<td style="vertical-align: top; width: 96%; 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; font-variant: normal; text-align: justify; margin: 0pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 4%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
			<td style="vertical-align: top; width: 96%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 4%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&#9744;&nbsp;</td>
			<td style="vertical-align: top; width: 96%; 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; font-variant: normal; text-align: justify; margin: 0pt;">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';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 34.1%; border-left: thin solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Title of each class</b></p>
			</td>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 34.1%; border-left: thin solid rgb(0, 0, 0); border-top: thin solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Trading Symbol(s)</b></p>
			</td>
			<td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: thin thin 1px; vertical-align: bottom; width: 31.8%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Name of each exchange on which</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>registered</b></p>
			</td>
		</tr>
		<tr>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: top; width: 34.1%; border-left: thin solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Common Stock</p>
			</td>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: top; width: 34.1%; border-left: thin solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">CVV</p>
			</td>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: top; width: 31.8%; border-left: thin solid rgb(0, 0, 0); border-right: thin solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">NASDAQ Capital Market</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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

		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 108.4%; 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; font-variant: normal; text-align: justify; margin: 0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 108.4%; 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; font-variant: normal; text-align: justify; margin: 0pt;">Emerging growth company&nbsp;&#9744;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 108.4%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 108.4%; 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; font-variant: normal; text-align: justify; margin: 0pt;">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.&nbsp;&#9744;</p>
			</td>
		</tr>

</table>

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

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

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">
<div class="hf-row">
<div class="hf-cell TOCLink">&nbsp;</div>
</div>
</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: 10%;"><b>Item 1.01</b></td>
			<td style="width: 90%;"><b>Entry into a Material Definitive Agreement</b></td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">On March 29, 2021, 555 N Research Corporation, a wholly-owned subsidiary of CVD Equipment Corporation (the &#8220;Company&#8217;), entered into an Agreement of Purchase and Sale (the &#8220;Agreement&#8221;) with Steel K, LLC (the &#8220;Buyer&#8221;) for the sale by the Company (the &#8220;Transaction&#8221;) of the building and real property located at 555&nbsp;North Research Place, Central Islip, New York 11722 (the &#8220;Premises&#8221;).&nbsp;&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The sale price for the Premises is $24,360,000, subject to adjustment for apportionments, adjustments and credits as described in the Agreement (the &#8220;Purchase Price&#8221;). Upon execution of the Agreement, the Buyer deposited the sum of $1,218,000 into escrow as an initial down payment against the Purchase Price, with the remaining balance of $23,142,000 (subject to adjustment for apportionments, adjustments and credits as described in the Agreement) to be paid at the closing of the Transaction. A portion of the sale proceeds will be used to satisfy the existing mortgage debt on the Premises in the approximate amount of $9.3 million as of the execution of the Agreement, as well as various costs related to the closing of the Transaction in an amount to be determined. Any excess proceeds from the sale of the Premises will be used by the Company for general working capital purposes.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Agreement provides for a thirty day Environmental Diligence Period (as defined in the Agreement) and a closing shall take place within thirty days following the expiration thereof, subject to the Company&#8217;s right to adjourn the closing and the Buyer&#8217;s right to extend the closing date as described in the Agreement. The closing of the Transaction is also subject to the satisfaction or waiver by the parties of certain conditions to closing or contingencies as described in the Agreement.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The foregoing&nbsp;is a summary of the material terms of the Agreement and is subject to, and qualified entirely by reference to, the full text of the Agreement, a copy of which will be filed with the Company&#8217;s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align: top; width: 10%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Item 2.02</b></p>
			</td>
			<td style="vertical-align: top; width: 90%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Results of Operations and Financial Condition</b></p>
			</td>
		</tr>

</table>

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

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">On March 31, 2021, the Company issued a press release reporting on its results of operations for the fourth quarter and year ended December 31, 2021.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">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 &#8220;filed&#8221; 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="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align: top; width: 10%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Item 9.01</b></p>
			</td>
			<td style="vertical-align: top; width: 90%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Financial Statements and Exhibits</b></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(d) Exhibits</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align: top; width: 10%; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Exhibit No.</b></p>
			</td>
			<td style="vertical-align: top; width: 90%; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Description</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 10%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">99.1</p>
			</td>
			<td style="vertical-align: top; width: 90%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><a href="ex_238275.htm" style="-sec-extract:exhibit;">Press release dated&nbsp;March 31, 2021.</a></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>SIGNATURES</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Date:&nbsp; March 31, 2021</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align: top; width: 58%;">&nbsp;</td>
			<td colspan="2" style="vertical-align: top; width: 4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>CVD EQUIPMENT</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>CORPORATION</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 58%;">&nbsp;</td>
			<td style="vertical-align: top; width: 4%;">&nbsp;</td>
			<td style="vertical-align: top; width: 38%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 58%;">&nbsp;</td>
			<td style="vertical-align: top; width: 4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">By:</p>
			</td>
			<td style="vertical-align: top; width: 38%; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">/s/ Thomas McNeill</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 58%;">&nbsp;</td>
			<td style="vertical-align: top; width: 4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Name:&nbsp;</p>
			</td>
			<td style="vertical-align: bottom; width: 38%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Thomas McNeill</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 58%;">&nbsp;</td>
			<td style="vertical-align: top; width: 4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Title:&nbsp;</p>
			</td>
			<td style="vertical-align: top; width: 38%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Chief Financial Officer and</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 58%;">&nbsp;</td>
			<td style="vertical-align: top; width: 4%;">&nbsp;</td>
			<td style="vertical-align: top; width: 38%;">Secretary</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="LAST-PAGE-BREAK">
<div class="PGFTR">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>
</div>


</body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex_238275.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html><head><meta charset="utf-8"><meta name="format-detection" content="telephone=no"><!--Created on 3/30/2021 2:10:13 PM --><meta name="generator" content="RDG HTML Converter 3.4.3.0">
	<title>ex_238275.htm</title>


</head>
<body style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; padding: 0in 0.1in; cursor: auto;">
<p style="margin-bottom: 0; text-align: right; margin-top: 0; font-family: &quot;Times New Roman&quot;; font-size: 10pt"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 99.1</b></font></p>

<p style="margin-bottom: 0; text-align: left; margin-top: 0; font-family: &quot;Times New Roman&quot;; font-size: 10pt"><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: 50%;">
			<div><img alt="logo1.jpg" src="logo1.jpg"></div>
			</td>
			<td style="width: 50%; text-align: right; vertical-align: bottom;"><i>enabling tomorrow</i>&#8217;<i>s technologies&#8482;</i></td>
		</tr>
		<tr>
			<td style="border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
			<td style="border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>

</table>

<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="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</td>
		</tr>

</table>

<p style="font-family:Times New Roman;font-size:18pt;font-variant:normal;text-align:center;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:18pt;font-variant:normal;text-align:center;margin:0pt;">CVD Reports Fourth Quarter and Year-end 2020 Results</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">CENTRAL ISLIP, N.Y., (Business Wire) &#8211; March 31, 2021 - CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems and materials, today announced its fourth quarter and year-end 2020 financial results.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">CVD fourth quarter 2020 revenue was $3.2 million as compared to $5.6 million in the fourth quarter of 2019, a decrease of $2.4 million or 42.9%. Net loss for the fourth quarter 2020 was $5.3 million, or $0.80 per diluted share, which includes an impairment charge of $3.6 million related to the Company&#8217;s Tantaline product line, as compared to a net loss of $2.6 million or $.40 per diluted share in the fourth quarter of 2019. CVD&#8217;s total 2020 revenue was $16.9 million as compared to $19.6 million in 2019, a decrease of $2.7 million or 13.9%. The net loss for the year ended 2020 was $6.1 million, or $0.91 per diluted share, which includes an impairment charge of $3.6 million related to the Company&#8217;s Tantaline product line, as compared to a net loss of $6.3 million or $.96 per diluted share in the year ended 2019.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Company&#8217;s backlog was $5.7 million at December 31, 2020 as compared to $8.9 million at December 31, 2019, a reduction of $3.2 million or 36%. While revenue for each of Q3 and Q4 2019 and Q1 2020 was in the range of $5.5 million -$6 million, the Company experienced significant negative effects from the COVID-19 pandemic including reductions of new orders commencing in the middle of Q1 2020. This reduced order level negatively affected revenue in each of the last three quarters of 2020 and into 2021.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Thomas McNeill, Chief Financial Officer, said &#8220;In order to increase our liquidity and to provide necessary working capital to support our on-going business and operations,&nbsp;we have decided to sell our facility located at 555 North Research Place, Central Islip, NY, and on March 29, 2021 we entered into an agreement to sell this building for a purchase price of $24,360,000, subject to the satisfaction or waiver of certain conditions to closing or contingencies. A portion of the sale proceeds would be used to satisfy the existing mortgage debt of approximately $9.3 million at December 31, 2020, and to pay various transaction-related costs in an amount to be determined. Any excess proceeds will be used for general working capital purposes. Further, we have determined the 555 Building is not needed for present and future business operations and that any remaining elements of the Materials business can be consolidated into our remaining facility in Central Islip, NY, which we believe can accommodate any needs for our growth for the foreseeable future.&#8221;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">In late January under the leadership of the Company&#8217;s newly appointed President and Chief Executive Officer Emmanuel Lakios, the Company embarked on an evaluation of our business by market and product segments. This analysis is based on market growth, cash generation and over all return on investment, which confirmed that the equipment systems and production spares are the core elements of the Company&#8217;s business.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Mr. Lakios said &#8220;2020 was a year of unchartered waters for the global economy. Our business was not immune to the COVID pandemic. The decline in global travel, especially longer distance and long haul travel, caused a decline in demand for aircraft and engines, which in turn impacted our equipment business. Other end use aspects of our business were also negatively impacted such as university projects, as universities were shuttered and moved to remote learning.</p>

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

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

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-align: center;">www.cvdequipment.com | www.cvdmaterialscorp.com | www.stainlessdesign.com</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-align: center;">&nbsp;</p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGFTR" style="text-align: center; width: 100%">
<div class="hf-row">
<div class="hf-cell PGNUM" style="text-align: right;">Page 1 of 3</div>
</div>
</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">
<div class="hf-row">
<div class="hf-cell TOCLink">&nbsp;</div>
</div>
</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 alt="logo2.jpg" src="logo2.jpg"></div>
			</td>
			<td style="width: 50%; vertical-align: bottom; text-align: right;"><i>enabling tomorrow</i>&#8217;<i>s technologies&#8482;</i></td>
		</tr>
		<tr>
			<td style="width: 50%; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
			<td style="width: 50%; vertical-align: bottom; text-align: right; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>

</table>

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

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Our focus will be on utilizing our 38 years of developed technology for increasing production end use applications. This standardization allows us to provide more value and maturity of our products, bringing more support and value to our customers and the ability for improving our gross margins.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Our Tantaline product line, which was acquired in 2016, and in which we have invested to expand the market and operational capability in Denmark, as well as the US facility, has not met our expectations. Our evaluation is that the Denmark facility currently has ample production capacity and that the USA Tantaline facility and operations are not required to serve the Tantaline market. Our objective is to have the Tantaline product line be cash neutral and to minimize any further investment requirement. We will continue to evaluate the viability of the Tantaline product line over the quarters to come.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">As we committed to you in January 2021, we will continue to provide timely communication to our shareholders. Towards that end, we will hold our annual shareholder meeting in mid-July and we will continue to communicate on important developments in the meanwhile.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">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 13718134. A live and archived webcast of the call is also available on the company&#8217;s website at www.cvdequipment.com/events.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">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</i>&#8217;<i>s technologies</i>&#8482;<i>. </i>It&#8217;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';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 9pt; font-variant: normal; text-align: justify; margin: 0pt;">The Private Securities Litigation Reform Act of 1995 provides a &#8220;safe harbor&#8221; 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 &#8220;forward-looking statements, &#8220;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, market and business conditions, the COVID-19 pandemic, the success of CVD Equipment Corporation&#8217;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. Past performance in not a guaranty of future results.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">For further information about this topic please contact:</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Thomas McNeill</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Phone: (631) 981-7081</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Fax: (631) 981-7095&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Email: <u>investorrelations@cvdequipment.com</u></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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

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

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGFTR" style="text-align: center; width: 100%">
<div class="hf-row">
<div class="hf-cell PGNUM" style="text-align: right;">Page 2 of 3</div>
</div>
</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">
<div class="hf-row">
<div class="hf-cell TOCLink">&nbsp;</div>
</div>
</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 alt="logo2.jpg" src="logo2.jpg"></div>
			</td>
			<td style="width: 50%; text-align: right; vertical-align: bottom;"><i>enabling tomorrow</i>&#8217;<i>s technologies&#8482;</i></td>
		</tr>
		<tr>
			<td style="border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
			<td style="border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
		</tr>

</table>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 7.5%; margin-left: 7.5%; width: 85%; font-size: 10pt; font-family: Times New Roman; text-indent: 0px;">

		<tr style="vertical-align: bottom;">
			<td colspan="16" style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>CVD EQUIPMENT CORPORATION AND SUBSIDIARIES</b></p>
			</td>
		</tr>
		<tr style="vertical-align: bottom;">
			<td colspan="16" style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Condensed Consolidated Statements of Operations</b></p>
			</td>
		</tr>
		<tr style="vertical-align: bottom;">
			<td colspan="16" style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>For the Three and Twelve Months Ended December 31, 2020 and 2019</b></p>
			</td>
		</tr>
		<tr style="vertical-align: bottom;">
			<td colspan="16" style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; text-align: center;">(In thousands)</p>
			</td>
		</tr>

</table>

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

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 7.5%; margin-left: 7.5%; width: 85%; font-size: 10pt; font-family: Times New Roman; text-indent: 0px;">

		<tr style="vertical-align: bottom;">
			<td style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td colspan="6" id=".amt.D3" style="text-align: center; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b><b>Three Months Ended </b></b></p>
			</td>
			<td id=".trail.D3" style="font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".lead.D5" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td colspan="6" id=".amt.D5" style="text-align: center; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b><b>Twelve Months Ended </b></b></p>
			</td>
			<td id=".trail.D5" style="font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom;">
			<td style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>&nbsp;</b></td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>2020*</b></td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>&nbsp;</b></td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>2019</b></td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>&nbsp;</b></td>
			<td id=".amt.4" style="width: 12%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>2020*</b></td>
			<td id=".trail.4" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>&nbsp;</b></td>
			<td id=".amt.5" style="width: 12%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><b>2019</b></td>
			<td id=".trail.5" nowrap="true" style="width: 1%; font-family: Times New Roman; 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: Times New Roman; font-size: 10pt; width: 40%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Revenue</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 12%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">3,172</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 12%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">5,547</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.4" style="width: 12%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">16,920</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.5" style="width: 12%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">19,647</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Gross profit</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">(91</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">1,291</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">2,882</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 12%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">2,797</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Operating expenses</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">5,316</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">1,919</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.4" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">10,706</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.5" style="width: 12%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">7,781</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; font-family: Times New Roman; 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: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Operating loss</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">(5,407</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">(628</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.4" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">(7,824</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">)</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.5" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">(4,985</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">)</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Net loss</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 3px;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right; border-bottom: 3px double rgb(0, 0, 0);">(5,307</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right; border-bottom: 3px double rgb(0, 0, 0);">(2,620</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.4" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right; border-bottom: 3px double rgb(0, 0, 0);">(6,075</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.5" style="width: 12%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(6,328</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;">)</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Diluted loss per share</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 3px;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.2" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right; border-bottom: 3px double rgb(0, 0, 0);">(0.80</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.3" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right; border-bottom: 3px double rgb(0, 0, 0);">(0.40</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td>
			<td id=".lead.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.4" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.4" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right; border-bottom: 3px double rgb(0, 0, 0);">(0.91</td>
			<td id=".trail.4" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td>
			<td id=".lead.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td>
			<td id=".symb.5" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.5" style="width: 12%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right; border-bottom: 3px double rgb(0, 0, 0);">(0.96</td>
			<td id=".trail.5" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;">)</td>
		</tr>

</table>

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

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 7.5%; margin-left: 7.5%; width: 85%; font-size: 10pt; font-family: Times New Roman; text-indent: 0px;">

		<tr style="vertical-align: bottom;">
			<td colspan="4" style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">* In Q4 2020 the Company recorded a $3.6 million impairment charge</p>
			</td>
		</tr>
		<tr style="vertical-align: bottom;">
			<td colspan="4" style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">included in operating expenses.</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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

		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 101.5%; 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; font-variant: normal; text-align: center; margin: 0pt;"><b>CVD EQUIPMENT CORPORATION AND SUBSIDIARIES</b></p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 101.5%; 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; font-variant: normal; text-align: center; margin: 0pt;"><b>Condensed Consolidated Balance Sheets </b></p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 101.5%; 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; font-variant: normal; text-align: center; margin: 0pt;"><b>As of December 31, 2020 and December 31, 2019</b></p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 101.5%; 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; font-variant: normal; text-align: center; margin: 0pt;"><b>(In thousands)</b></p>
			</td>
		</tr>

</table>

<p style="margin: 0; font-family: &quot;Times New Roman&quot;; font-size: 10pt">&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: Times New Roman; text-indent: 0px;">

		<tr style="vertical-align: bottom;">
			<td style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".lead.D2" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D2" style="text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;"><b><b>2020</b></b></p>
			</td>
			<td id=".trail.D2" style="font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td>
			<td id=".lead.D3" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td colspan="2" id=".amt.D3" style="text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;"><b><b>2019</b></b></p>
			</td>
			<td id=".trail.D3" style="font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt; width: 62%;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><b>Assets</b></p>
			</td>
			<td id=".lead.B2" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B2" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".amt.B2" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".trail.B2" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".lead.B3" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B3" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".amt.B3" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".trail.B3" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Current Assets</p>
			</td>
			<td id=".lead.B2" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B2" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.B2" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".trail.B2" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".lead.B3" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B3" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.B3" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".trail.B3" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Cash and cash equivalents</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">7,699</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">8,664</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Accounts receivable, net</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">1,048</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">2,546</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Contract assets</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">494</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">513</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Inventories, net</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">1,124</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">1,710</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Taxes Receivable</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">716</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">-</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Other current assets</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">709</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">733</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; 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: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Total Current Assets</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">11,790</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">14,166</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Property, plant and equipment, net</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">28,844</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">32,102</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Other assets</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">302</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">455</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; 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: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total Assets</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.2" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0); text-align: right;">40,936</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.3" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0); text-align: right;">46,723</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 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(255, 255, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;"><b>Liabilities and Stockholders' Equity</b></p>
			</td>
			<td id=".lead.B2" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B2" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".amt.B2" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".trail.B2" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".lead.B3" style="font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.B3" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".amt.B3" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
			<td id=".trail.B3" style="font-family: Times New Roman; font-size: 10pt;"><b>&nbsp;</b></td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Current Liabilities</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">3,704</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">$</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">5,388</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Total Long-Term Liabilities</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">13,106</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; text-align: right;">11,377</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt;">&nbsp;</td>
		</tr>
		<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
			<td style="font-family: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt;">Total Stockholders&#8217; Equity</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.2" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">24,126</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td>
			<td id=".amt.3" style="width: 16%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">29,958</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; 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: Times New Roman; font-size: 10pt;">
			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin-top: 0pt; margin-bottom: 0pt; margin-left: 9pt;">Total Liabilities and Stockholders&#8217; Equity</p>
			</td>
			<td id=".lead.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.2" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.2" style="width: 16%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">40,936</td>
			<td id=".trail.2" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td>
			<td id=".lead.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt;">&nbsp;</td>
			<td id=".symb.3" style="width: 1%; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
			<td id=".amt.3" style="width: 16%; text-align: right; font-family: Times New Roman; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">46,723</td>
			<td id=".trail.3" nowrap="true" style="width: 1%; font-family: Times New Roman; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table cellpadding="0pt" cellspacing="0pt" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 90%; margin-left: 5%; margin-right: 5%;">

		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="width: 10%; 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; font-variant: normal; margin: 0pt;">CVD earnings release should be read in conjunction with the Company&#8217;s filings with the Securities and</p>

			<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt;">Exchange Commission, including the Annual Report on Form 10-K for fiscal year ended December 31, 2020</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 41pt; text-align: center;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 41pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt 0pt 0pt 41pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 41pt; text-align: center;">www.cvdequipment.com | www.cvdmaterialscorp.com | www.stainlessdesign.com</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 41pt; text-align: center;">&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: 100%; text-align: right; border-top: thin solid rgb(0, 0, 0);">Page 3 of 3</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="LAST-PAGE-BREAK">
<div class="PGFTR">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>
</div>


</body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo1.jpg
<TEXT>
begin 644 logo1.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !@ (T# 2(  A$! Q$!_\0
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M8^G/VPOVV]'_ &9-/L]%TNU/C#XG^)7^R>&_"-@X:\U"=A\KR ?ZF!?O/(V
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M[T;X^V?B7PKHWQB\26?B[P1K5MHEWJ-OXB#0R!K6+[/&_P"]W.JC) W!PVS
MSTO_  ;Q>-_$_P 9/^"AO[>'Q"\1^!_$7@%?'>L^%M4T[3M9LY+>X6T:+5C
M7# ?O# 86=1]QG*G!% 'T!_P2(_:-\'_ !.^"O[1OB+P;\)?"OPP'@;XI^(M
M O[717^7Q'<V,%O(=0G81KB67S<,,-C:.37S_P#L;_\ !<?]J[_@H]^SU?\
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M:DM];3_9L0([[R+5UP%)!>/.%)8 'Z^45%8WBZA90SQYV3HLB[A@X(R,BI:
M/,OVP?VO/ O["G[/7B#XG?$?5O[(\+^'8@\S(OF3W4C,%C@ACR#)*[$*J^^2
M0H)'P5X8_P""NO[:_P ??"K^//A?^PO=7/PWF1;G3&\2>-+73-:U>V(!$J6S
M[67<OS !7!!&UGJA_P '1]WIT'A+]E!/%4KQ_#R;XWZ,OB<$_NGM0LA?>"0A
M B$YPWH?>OU-MDCCMHUA""(* @0?*%QQC'&,4 9/PW\27WC+X=Z#J^IZ1/H&
MI:KIUO>7>ES/ODTV:2)7>W9MJY:-B5)VC)7H.E>#^ /V'=5\'?\ !4WQ_P#M
M R:YI\VD>,O ^G^$X=)6%Q<VTEM/YIF9_NE6R1@<C ]>/BGX]?"K_A\/_P %
MS?BC\!/B=KNN)\#/V?/#&EWTGA'3-1FL(_$^H:A;6]QYUS)"ZN41;@I@'(VK
M@KN)-#X3?"]?^",O_!=CX2?!7X6ZUXHE^!?[0_AO4F;P3>ZI<:E;^%K^SCFF
M6ZMC.SN$(A5#\P.UY"[/L0  _7>BOQ#_ ."(_P#P2R\,_MU>+/B?\8/C1J/C
M#Q7#\/OC%JUIX T677KF'3M'DL[M+AKU8HW&]VE=(\.<;;8*5*[<4_\ @G)_
MP30\'_\ !3_]MC]MN7XXZWXO\:> ?!GQI\0:;H_@H>(KZRTV"X>_N&>[<03(
MS%42%(UR%78_!S@ '[:>-]!?Q5X,U?2XY%B?4K*:U5V&0A=&4$_3-?.7_!'?
M]@'5/^"9'["'AOX0:SXBL/%-]H5[?W3ZC96[V\,HN+F2< (Q)&T/@\]J_+'1
MOVR_B!_P1U^'/_!0OX.^#O%&J>)O#_P$BT*_^'EYJ]X=1N?#@UJ>UM_(#L2K
M+!]MC8)@8DADR"6(KVV#_@W<^'$W_!/"3XHS^-_B))^TO/X3;Q>?BF/%-^E]
M'J+6IN]JQI,(Q;!R%''F;5!WYH _8*BOY_\ ]H+]HWXJ?\%0/^"9?_!/2]/B
M7Q+X6\?_ !)^)$G@W5O$.FSFUN;A8Y)K";449-H+>7$9C@#;*C[1E0:^R?VO
M?V2OV1/^"1G_  3]O/A_K%U\5/#_ (2^)_BFUDFTKPMKE]=^)_'6J!%'V="'
MW$2B-/,53'&>!\K.N0#]-Z\A\-_MH^%?%?[;'B/X#VEMK!\8>%?#-OXIU"X>
M%%L5MIY1%$B/OW-(3N)&T !>O(K\3_@%HNA_L@?\%A/V:]%^#_P(^.O[,/@?
MXS?VQX>\4^&O&FHS267BN 6R8DA62ZN)%EB,B,^64H1!MZMGUGX6?\$6?@=X
MC_X+@_%?X4W4/C\^$= ^&6D:Y:*OC75%O/M,UTR/ON!/YKICHC,5!Y % 'ZJ
M>#/$_P :[K]M/QCI6N>'?"-M\"K;0[67PUK%O(QUJ[U,^7]HCG7SRHB&9-N(
M5/R\L>-WL-?F)HGQ<U3X6_\ !>;]K[68I)KZ'PC\$M.UNTT^65S;M-%%'(<(
M#@%_+4$C!( YXKR#_@F)_P $=/ G_!6C]C73/VCOVD]?\6_$'XL_%:ZO-:T[
M5K+Q+>647@R-+IX88K&*%UB1D\@$AU=5.% ^3) /V:HK^=?XW_M:?$CQ#_P;
MR_M,_#_Q1XRUSQ'XA_9Z^+5OX$T[Q6]\WVW4["'4H$BWS*=SL,2+N+-E&09.
M.?7?^"JW_!*?PI^PO_P3 7]JKPIXH\>3?M*>!WT'7M0\=WGB:^FNM<GN]1M(
MID>$R>2D0>YW*D:* J@'=0!^Y=%9_A/5GU_PMIM]( KWMI%.P'0%T#'^=:%
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KV*CYN-X/.,5]-T4 4/"VCGP]X9TZP9Q*UC:Q6Y<# <H@7./PJ_110!__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>logo2.jpg
<TEXT>
begin 644 logo2.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1"  \ %T# 2(  A$! Q$!_\0
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3;B'\PW8( 4;=G?/'MU%% '__V0$!

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