Veeco TurboDisc K465 GaN MOCVD Systems Accepted by Multiple Customers
March 18, 2008
Tools for Capacity Expansion in HB-LED Manufacturing
WOODBURY, N.Y.--(BUSINESS WIRE)--March 18, 2008--Veeco Instruments Inc. (Nasdaq: VECO), announced today that an additional four of its TurboDisc(R) K465(TM) gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) Systems have been accepted by high brightness light emitting diode (HB-LED) manufacturers located throughout Asia.
Sam DiRenzo, Vice President, General Manager of Veeco's MOCVD Operations commented, "Veeco's K465 systems were qualified for production in a relatively short period of time, enabling our customers to ramp quickly. The speed of installing and qualifying an MOCVD system into production is critical as our customers continue to increase capacity of HB-LEDs for growing applications such as lighting, displays, automotive and backlighting for laptops."
Veeco's TurboDisc K-Series MOCVD GaN platform, which includes the K300(TM) and K465 models, delivers the industry's highest throughput available today for high volume production of GaN-based blue and green LEDs and blue lasers.
Veeco Instruments Inc. manufactures Process Equipment and Metrology and Instrumentation solutions for the data storage, HB-LED, solar, wireless, semiconductor and scientific research markets. 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: Investors: Deb Wasser, 516-677-0200 x 1472 SVP Investor Relations OR Trade Media: Fran Brennen, 516-677-0200 x1222 Senior Director of Marcom SOURCE: Veeco Instruments Inc.