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Leading Chinese LED Manufacturer Purchases Multiple Veeco EPIK 700 MOCVD Systems to Expand Production

May 28, 2015

PLAINVIEW, N.Y.--(BUSINESS WIRE)-- Veeco Instruments Inc. (Nasdaq:VECO) announced today that Xiamen Changelight Co., Ltd. (Changelight) has purchased multiple TurboDisc® EPIK 700™ Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) systems for faster production and greater yield of high-quality light emitting diodes (LED) for general lighting applications.

According to Changelight, the decision to purchase multiple EPIK 700 systems was based on its reliable performance, award-winning technology and Changelight’s current experience with other Veeco TurboDisc MOCVD reactors. The Xiamen-based company has a large installed base of Veeco TurboDisc MaxBright® and K475™ MOCVD systems for high-volume LED production.

“Veeco’s TurboDisc platform has provided Changelight with increased LED wafer production and easy process transfer between systems saving us both time and money,” said Haifang Cai, General Manager and board member of Changelight. “By adding multiple EPIK 700 MOCVD systems to our fleet of reactors, we can ramp even more quickly, expand high-volume production with best-in-class wafer uniformity and reduce operating expenses.”

Introduced in 2014, the EPIK 700 MOCVD system is the LED industry’s highest productivity system reducing cost per wafer by up to 20 percent as compared to previous generation systems. Customers easily transfer processes from existing TurboDisc platforms to the new EPIK 700 MOCVD system for quick-start production of high-quality LEDs. In March, the 2015 Compound Semiconductor Industry Awards recognized Veeco and the EPIK 700 MOCVD system for the best compound semiconductor innovation of the year.

“Changelight’s decision to purchase multiple EPIK 700 systems is a great example of how Veeco enables customers to meet challenging production requirements while significantly reducing their cost per wafer,” said Jim Jenson, Senior Vice President and General Manager of Veeco MOCVD Operations. “As the preferred MOCVD system for Changelight, the increased capacity and technology advantages of the EPIK 700 system will support their growth and position as a leading LED manufacturer for general lighting and display markets.”

About TurboDisc EPIK 700 GaN MOCVD System

Veeco’s new EPIK 700 MOCVD system is the LED industry’s highest productivity MOCVD system. Available in one and two-reactor configurations, the EPIK 700 system features breakthrough technologies including the IsoFlange™ and TruHeat™ technologies which provide homogeneous laminar flow and uniform temperature profile across the entire wafer carrier. These innovations produce wavelength uniformity to drive higher yields in a tighter bin. The EPIK 700 system offers a 2.5x throughput advantage over other systems due to its large reactor size. Designed for mass production, the EPIK 700 system accommodates 31x4”, 12x6” and 6x8” wafer carriers.

About Xiamen Changelight Co., Ltd.

Xiamen Changelight Co., Ltd was established in February 2006 with total assets of over RMB 300 million. It is a high-tech enterprise specializing in research, development, production and sales of high-quality quaternary alloy AlGaInP of red, orange, yellow LED wafers, chips and high-performance GaAs solar cells. The company is located at the national level Torch Industrial Park (Xiang’an District, Xiamen) with high standard clean workshop. For further information, please visit http://www.changelight.com.cn/en/index.asp.

About Veeco

Veeco’s process equipment solutions enable the manufacture of LEDs, flexible OLED displays, power electronics, compound semiconductors, hard drives, semiconductors, MEMS and wireless chips. We are the market leader in MOCVD, MBE, Ion Beam, Wet Etch single wafer processing and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please visit 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, 2014 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.

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