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Investing.com -- CVD Equipment Corporation (NASDAQ:CVV) stock soared 7.6% in premarket trading Wednesday after the company announced it received an order for two PVT150 Physical Vapor Transport Systems from Stony Brook University for their new semiconductor research center.
The systems will be used at the "onsemi Silicon Carbide Crystal Growth Center," where university faculty, scientists, and students will conduct research on silicon carbide crystal growth and other wide band gap materials critical for improving energy efficiency in power semiconductors.
The equipment will initially be installed at CVD’s headquarters in Central Islip, New York for six months while the facility on the Stony Brook campus is being established. During this period, students will have access to the systems to grow silicon carbide boules supporting the center’s research objectives.
"We are very pleased to support the onsemi Silicon Carbide Crystal Growth Center and provide SBU with state-of-the-art process equipment to advance critical semiconductor materials which are now driving the adoption of artificial intelligence and electrification," said Manny Lakios, President and CEO of CVD Equipment Corporation.
The company also noted it continues to develop a 200 mm silicon carbide crystal growth process using its PVT200 systems to meet demands from the high-power electronics industry. CVD’s reactor design and control system architecture enables precise process control and temperature management for consistent production results.
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