Hangzhou Silan Azure Selects Veeco's MOCVD Tools to Ramp LED Manufacturing
October 14, 2010
PLAINVIEW, N.Y., Oct 14, 2010 (BUSINESS WIRE) --
Veeco Instruments Inc. (Nasdaq: VECO), announced today that Hangzhou Silan Azure Co. Ltd., one of the largest LED manufacturers in China, has placed a multi-tool order for Veeco's TurboDisc(R) K465i TM Metal Organic Chemical Vapor Deposition (MOCVD) Systems . The equipment will be placed at Silan Azure's facility in Hangzhou for its high brightness light emitting diode (HB-LED) manufacturing ramp.
Mr. Zhongyong Jiang, President of Silan Azure, commented "We started the cooperation with Veeco by selecting the K465i MOCVD systems because we heard very positive feedback from the industry on the excellent system design and good performance in the field. We believe Veeco's systems will be another good choice for high volume production of LEDs. Given the increased demand for LEDs in such applications as general illumination, TV backlight and outdoor displays, we intend to ramp our production quickly with the cooperation of business partners like Veeco."
Bill Miller, Ph.D., Executive Vice President, Compound Semiconductor and head of Veeco's MOCVD Operations commented, "We are gratified that we have the opportunity to supply Silan Azure, one of the largest LED companies in China. We believe that the China market will drive significant advancement of the LED industry and Veeco, as the market-leading equipment provider in China, is well positioned to benefit from this growth."
About Hangzhou Silan Azure Co. Ltd.
Hangzhou Silan Azure Co. Ltd. is one of the largest LED manufacturers in China. They are engaged in the design, development, manufacture and distribution of HB-LEDs, epitaxial wafers and chips. The company is headquartered in Hangzhou, PRC. Visit http://www.silanazure.com/en/About.asp for more information.
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: Debra Wasser, 516-677-0200 x1472 SVP Investor Relations & Corporate Communications
Media: Fran Brennen, 516-677-0200 x1222 Senior Director Marcom