CVD Equipment Corporation. The Group's principal activity is to design, develop, manufacture, market, install and service equipment for the semiconductor industry. The products include chemical vapor deposition (CVD) equipment, customized gas control systems and hydrogen annealing and brazing furnaces. These products are used primarily to produce semiconductors and other electronic components. CVD is a process that passes a gaseous compound over a target material surface that is heated to such a degree that the compound decomposes and deposits a desired layer onto substrate material. The Group also provides semiconductor equipment consulting and refurbishing services. The customers include semiconductor, telecommunications and computer companies. The products are sold in the United States and Asia. Chemical Vapor Deposition systems accounted for 36% of 2002 revenues; Stainless Design concepts, 34 % and Conceptronic, 30%.