Veeco Instruments Inc. (ticker: VECO, exchange: NASDAQ Global Market (.O))
News Release -
World's Leading Manufacturer of High Power LEDs Selects Veeco MOCVD for Production Ramp
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
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.
Wasser, 516-677-0200 x1472
SVP Investor Relations &
Brennen, 516-677-0200 x1222
Senior Director Marcom