PLAINVIEW, N.Y., Jul 22, 2010 (BUSINESS WIRE) --
Veeco Instruments Inc.
(VECO) announced today that during the
recently completed second quarter, Shanghai Epilight Technology Company
Ltd., one of the largest LED manufacturers in China, placed a multi-tool
order for Veeco
TurboDisc(R) K465i(TM) Metal Organic Chemical Vapor Deposition (MOCVD)
systems. The equipment is for Epilight's planned capacity expansion at
their Shanghai high-brightness light emitting diode (HB-LED) fab.
Mr. Wendi Liu, President of Epilight commented, "We selected Veeco's
K465i MOCVD system because of its excellent system design and the good
performance in the field. It is simply the best 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 a business partner like
Veeco, we are confident we can meet the market demand."
Bill Miller, Ph.D., Executive Vice President, General Manager of Veeco's
MOCVD Operations, commented, "We are gratified to have the opportunity
to work with Epilight as their MOCVD supplier for their LED production
facility ramp. 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 Shanghai Epilight Technology
Co., Ltd.
Shanghai Epilight Technology Co., Ltd., based in Shanghai, PRC, 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. For more information on the Company, please visit
.
About Veeco
Veeco Instruments, Inc. designs, manufactures, markets and services
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 product development, marketing, engineering and
manufacturing 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
Asia Pacific.
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
or
Media:
Fran Brennen, 516-677-0200 x1222
Senior Director Marcom
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