Veeco Wins Key Technology Decisions from Industry Leading Thin Film Magnetic Head Manufacturers
October 13, 2010
PLAINVIEW, N.Y., Oct 13, 2010 (BUSINESS WIRE) --
Veeco Instruments Inc. (Nasdaq: VECO) announced today it has been selected by leading global hard disk drive manufacturers for critical technology that enables higher areal density for next generation thin film magnetic heads.
"Recent orders for our NEXUS(R) TAMR Physical Vapor Deposition (PVD) System and the NEXUS Chemical Vapor Deposition (CVD) System, combined with proven eight inch wafer capabilities, demonstrate Veeco's continued technology leadership position as a partner that enables disk drive manufacturers to increase storage capacity," commented Robert P. Oates, Executive Vice President, Data Storage. "We are also working closely on other active technology programs, such as diamond-like carbon deposition for head overcoat and hard bias solutions. Technologies like these are critical to increasing areal density to 1 Tb/in 2 and beyond."
The NEXUS TAMR (Thermal Assisted Magnetic Recording) System leverages Veeco's production-proven high rate reactive alumina platform and proprietary process control. The NEXUS CVD system enables ruthenium deposition for advanced perpendicular magnetic recording (PMR) for areal densities >500Gb/in2.
Veeco makes equipment to develop and manufacture LEDs, solar panels, hard disk drives, and other devices. We support our customers through product development, manufacturing, sales and service sites in the U.S., Korea, Taiwan, China, Singapore, Japan, Europe and other locations. Please visit us at 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, 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 Contact: Debra Wasser, 516-677-0200 x1472 SVP Investor Relations & Corporate Communications
Media: Fran Brennen, 516-677-0200 x1222 Senior Director Marcom