CVD Equipment halts new orders, cuts workforce in restructuring

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Go back to CVD Equipment halts new orders, cuts workforce in restructuring

CVD Equipment Corporation Announces Restructuring Plan and Leadership Transition

September 10, 2026 4:30 PM EDT

CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)-- CVD Equipment Corporation (NASDAQ: CVV) (the Company) today announced a restructuring plan and leadership transition, following a thorough evaluation of strategic alternatives for its CVD equipment business by its Board of Directors (the Board). The restructuring plan includes:

The Company will no longer pursue new system orders for its CVD equipment business. The Company is further reducing its workforce by approximately half, to a level necessary to manufacture its remaining equipment backlog, satisfy warranty obligations, and support its ongoing spare parts,... More