Sanan Optoelectronics Selects Veeco's MOCVD Tools for Its New LED Fab
April 26, 2010
PLAINVIEW, N.Y., Apr 26, 2010 (BUSINESS WIRE) --Veeco Instruments Inc. (Nasdaq: VECO), announced today that Sanan Optoelectronics Co. Ltd., the largest manufacturer of full color LEDs in China, has placed a large multi-tool order for Veeco's K465i(TM) and E475(TM) TurboDisc(R) Metal Organic Chemical Vapor Deposition (MOCVD) Systems. The equipment is for Sanan's new LED fab in Wuhu, Anhui Province for the manufacturing of high brightness light emitting diodes (HB LEDs). Veeco booked the order earlier this month.
Mr. Simon Lin, CEO of Sanan, commented "Our new location in Wuhu will be China's, and perhaps the world's, largest manufacturing and research center for LED wafers and chips. We selected Veeco's K465i and E475 MOCVD systems because they are simply the best choice for high volume production of LEDs. Given the increased demand for LEDs in such applications as general illumination, TV backlight and outdoor displays, we intend to ramp our production quickly with Veeco as our chosen partner." Sanan announced recently that it plans to invest RMB 12 billion (approx. $1.7 billion USD) to build a LED manufacturing facility in Wuhu. According to Mr. Lin, "As we have commented in the past, it is our plan to purchase 200 MOCVD systems over the next 3 to 4 years."
Bill Miller, Ph.D., Senior Vice President, General Manager of Veeco's MOCVD Operations commented, "We are gratified that we can continue our long-standing relationship with Sanan as their preferred MOCVD supplier for their new world-class LED production facility. We believe that the China market will drive significant advancement of the LED industry and Veeco, as the market-leading equipment provider in China, is well positioned to benefit from this growth."
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. The TurboDisc E475 As/P MOCVD System is engineered for high-volume production of red, orange and yellow HB-LEDs, and offers a level of process control and reliability unmatched by competing MOCVD technologies.
About Sanan Optoelectronics Co. Ltd.
Sanan Optoelectronics Co. Ltd. is the largest manufacturer of full color LEDs in China. They are engaged in the design, development, manufacture and distribution of full color ultra high brightness (UHB) LEDs, epitaxial wafers, photo-diode detectors and compound solar cells. The company is headquartered in Xiamen, PRC. They are traded on the Shanghai Stock Exchange (ticker: 600703). Visit http://www.sanan-e.com/en/index.aspx for more information.
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 risk that the customer's planned equipment purchases described above may not be made, or may not be made with Veeco, as well as factors 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, 516-677-0200 x1472 SVP Investor Relations & Corporate Communications
Media: Fran Brennen, 516-677-0200 x1222 Senior Director Marcom