Genesis Photonics in Taiwan Orders Multiple Veeco MOCVD Systems
April 26, 2010
PLAINVIEW, N.Y., Apr 26, 2010 (BUSINESS WIRE) --Veeco Instruments Inc. (Nasdaq: VECO), announced today that it has received orders for multiple TurboDisc(R) K465i(TM) gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) Systems from Genesis Photonics Inc. (GPI), headquartered in Taiwan, during the first quarter of 2010. GPI will use the systems to increase capacity for the production of high brightness light emitting diodes (HB LEDs) being driven by applications such as backlighting, lighting, displays, and automotive applications.
David Chung, Chairman and CEO of GPI, commented, "We have been very pleased with the production proven performance of Veeco's MOCVD systems already installed in our manufacturing facility. They are helping us to achieve brightness higher than the industry average. It was natural for us to select the K465i MOCVD Systems for our increasing capacity demands."
Bill Miller, Ph.D., Senior Vice President, General Manager of Veeco's MOCVD Operations commented "The K465i gives GPI the technology to surpass their LED brightness roadmap objectives, and also provides the industry's lowest cost of ownership, high productivity and best-in-class yields."
With superior wavelength uniformity and excellent run-to-run repeatability, the production-proven K465i extends Veeco's lead in capital efficiency - the number of good wafers per day for each capital dollar - for high volume LED manufacturers. The K465i provides ease-of-tuning for fast process optimization on wafer sizes up to 8 inches and fast tool recovery time after maintenance.
GPI (Genesis Photonics Inc.) was established in January 2002 and is headquartered in TNSIP (Southern Taiwan Science-Base Industrial Park). GPI focuses on providing of GaN-based LED Epi-wafer, LED chips for lighting, display, backlight, and auto lamp applications, and the most powerful LED chips for scientific, industrial, and research applications. http://www.g-photonics.com/
Veeco Instruments Inc. designs, manufactures, markets and services enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. We have leading technology positions in our three businesses: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology Instruments. Veeco's product development, marketing, engineering and manufacturing facilities are located in New York, New Jersey, California, Colorado, Arizona, Massachusetts and Minnesota. Global sales and service offices are located throughout the U.S., Europe, Japan and Asia Pacific. http://www.veeco.com/
To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2009 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.
SOURCE: Veeco Instruments Inc.
Veeco Instruments Inc. Financial: Debra Wasser, SVP Investor Relations & Corporate Communications 516-677-0200 x 1472
Media: Fran Brennen, Senior Director Marcom 516-677-0200 x 1222