World's Leading Manufacturer of High Power LEDs Selects Veeco MOCVD for Production Ramp
August 20, 2009
PLAINVIEW, N.Y.--(BUSINESS WIRE)--Aug. 20, 2009-- Veeco Instruments Inc. (Nasdaq: VECO) announced today that Philips Lumileds Lighting Company, the world's leading manufacturer of high-power light emitting diodes (LEDs) and a solid-state lighting industry pioneer, has selected Veeco’s TurboDisc® K465™ gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) Systems to support its LUXEON LED production ramp. Veeco received a multi-system order for tools to be shipped to Philips Lumileds over the next two to three quarters.
Mike Pugh, Chief Procurement Officer at Philips Lumileds commented, “We have selected Veeco for several reasons. Veeco’s K465 ultimately provides a high level of automation, helps us reduce manufacturing costs, and provides a flexible platform as we look to the future. Additionally, our confidence level in working with Veeco’s systems and services is very high.”
John Peeler, Veeco’s Chief Executive Officer, commented, “We are pleased to have been selected to help Philips Lumileds meet their solid-state lighting production ramp. The TurboDisc K465 has been designed to help customers seamlessly transition to larger wafer sizes, which we believe will be increasingly important to ensure a long capital life, lower customers’ cost of ownership and increase their productivity.”
Veeco’s TurboDisc K465 GaN MOCVD System is the only production-proven, fully automated MOCVD platform available on the market today. The "K-Series" MOCVD platform includes the K300 and K465 models, offering a modular, upgradeable path to a higher throughput, larger diameter reactor chamber and reduced cost of ownership.
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, Massachusetts 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, 2008 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