Veeco Ships MOCVD Systems to Support Invenlux's Production Ramp at Its China LED Factory
July 21, 2010
PLAINVIEW, N.Y., Jul 21, 2010 (BUSINESS WIRE) --
Veeco Instruments Inc. (Nasdaq: VECO) announced today that it shipped multiple TurboDisc(R) K-Series(TM) gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) systems to Invenlux Corporation, a U.S.-based manufacturer of light-emitting diodes (LEDs) to ramp capacity at its factory in Haiyan City, China.
"Invenlux has a history of producing reliable and efficient blue and green LEDs for LCD backlighting, traffic lights, full color displays, and general illumination," commented Chris Yan, Ph.D., Chief Executive Officer of Invenlux. "We continue to select Veeco as our supplier of choice for our LED capacity ramp because we believe their MOCVD tools provide a proven advantage in productivity, and a lower cost of ownership when compared to competitive systems."
Bill Miller, Ph.D., Senior Vice President, General Manager of Veeco's MOCVD Operations, commented, "We are pleased to be Invenlux's chosen MOCVD supplier as they expand production of LEDs, and look forward to supporting their growth strategy."
Invenlux is a U.S.-based light emitting diode manufacturer whose proprietary technology provides world-class LED epi wafers and chips with superior internal and external quantum efficiencies, combined with the lowest power consumption possible at both low and high current densities. For more information about the Company, please visit www.invenlux.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. Please visit www.veeco.com for further information.
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.
Debra Wasser, 516-677-0200 x1472
SVP Investor Relations & Corporate Communications
Fran Brennen, 516-677-0200 x1222
Senior Director Marcom