News

Veeco Introduces New Brokerage Website To Facilitate the Buying and Selling of Pre-Owned Equipment

July 07, 2014

PLAINVIEW, N.Y.--(BUSINESS WIRE)-- Veeco Instruments Inc. (Nasdaq: VECO) introduced today the Veeco MarketPlace^TM website, an original equipment manufacturer (OEM) brokerage website that helps both buyers and sellers determine fair prices for pre-owned Veeco metal organic chemical vapor deposition (MOCVD), physical vapor deposition (PVD) and Ion Beam Etch (IBE) equipment. The site will also feature assets from Veeco Certified Partners, such as SurplusGLOBAL, Inc., a leader in the secondary equipment market, to further expand the inventory levels of ready-to-purchase used equipment.

The Veeco Marketplace site brings together buyers and sellers to view, sell and buy pre-owned Veeco equipment on a protected website available at www.veecomarketplace.com. All equipment posted on the website is eligible for Veeco service, including pre-purchase assessments and logistical services, which are available exclusively through Veeco.

“The Veeco MarketPlace provides an easy-to-use platform that is specifically designed to produce transparent and fair transactions,” said William J. Miller, Ph.D., Executive Vice President at Veeco. “As the OEM and market leader in MOCVD and other etch and deposition technologies, Veeco is uniquely qualified to add value to pre-owned systems by providing thorough assessments, rigorous equipment testing and quick installations.”

The Veeco MarketPlace allows potential buyers to gain visibility to available pre-owned equipment in the market and decide whether to purchase it as-is or with Veeco value-added services. The services include equipment audits, refurbish-and-repair programs, upgrades and relocation services. Sellers post their assets on the site and have access to Veeco’s worldwide dedicated sales team who market and promote the full value of the asset to a specific target market.

“The Veeco MarketPlace brings great value to both the buyer and seller,” said Guy Shechter, Vice President, Veeco Certified Equipment and Services Marketing. “With this new site, sellers gain access to their targeted customers through and with OEM support, and buyers can make quick, informed decisions on prices and purchases. Once the buyer and seller agree on the fair market value for the asset, Veeco can provide valuable services and upgrades to extend the life and improve the productivity of the system.”

The Veeco MarketPlace website features user-friendly navigation, including easy product search pull down menus and keyword search fields. Product details include descriptions, photographs, country of origin and condition of the equipment.

About Veeco

Veeco’s process equipment solutions enable the manufacture of LEDs, flexible OLEDs, power electronics, hard drives, MEMS and wireless chips. Veeco is the market leader in MOCVD, MBE, Ion Beam and other advanced thin film process technologies. Its high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on Veeco, its products and worldwide service and support, please visit 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, 2013 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.