Veeco Receives Multi-Unit Order from Spectrolab to Support Capacity Increase
July 28, 2008
PLAINVIEW, N.Y.--(BUSINESS WIRE)--July 28, 2008--Veeco Instruments Inc. (Nasdaq: VECO) today announced that during the recently completed second quarter the Company received a multi-unit order for its TurboDisc K-475 As/P (arsenic phosphide) metal organic chemical vapor (MOCVD) deposition systems from Boeing (NYSE: BA) Spectrolab Inc., the world's leading manufacturer of space solar cells and panels.
Engineered for the high-volume production of compound semiconductor materials, Veeco's TurboDisc As/P tools are being adopted by the industry as the "tool of choice" for high volume production of devices such as solar cells, red, orange and yellow HB-LEDs, laser diodes, pHEMTs and HBTs. The systems offer a level of process control and repeatability unmatched by competing MOCVD systems.
Sam DiRenzo, Vice President, General Manager, of Veeco's MOCVD business added, "We are pleased to receive this order from Spectrolab, and to continue to support their success as a world leader in advanced solar cell technology. Spectrolab's continued breakthroughs in this technology have the potential to lead to more cost-competitive solar electricity."
About Spectrolab Inc.
Spectrolab is the world's leading suppliers of photovoltaic solar cells, solar panels, searchlight and solar simulators, and is currently celebrating 50 years of supplying solar array panels to the space industry.
A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world's largest space and defense businesses specializing in innovative and capabilities-driven customer solutions. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32.1 billion business with 71,000 employees worldwide.
Veeco Instruments Inc. manufactures 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 manufacturing and engineering facilities are located in New York, New Jersey, California, Colorado, Arizona and Minnesota. Global sales and service offices are located throughout the U.S., Europe, Japan and APAC. 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, 2007 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.
CONTACT: Veeco Instruments Inc. Financial: Debra Wasser, 516-677-0200 x1472 SVP Investor Relations & Corporate Communications or Media: Fran Brennen, 516-677-0200 x1222 Senior Director Marcom SOURCE: Veeco Instruments Inc.