Veeco Ships 200th TurboDisc K465i MOCVD System
December 16, 2010
PLAINVIEW, N.Y., Dec 16, 2010 (BUSINESS WIRE) --
Veeco Instruments Inc. (Nasdaq: VECO), announced today that it has shipped its 200 th TurboDisc(R) K465i(TM) Metal Organic Chemical Vapor Deposition (MOCVD) System to a leading LED manufacturer located in Asia.
"We are pleased that since its introduction to the market in January 2010, the K465i has become the market leading MOCVD system for high volume manufacturing of LEDs," said Bill Miller, Ph.D., Executive Vice President, Compound Semiconductor and head of Veeco's MOCVD Operations. "We are proud of Veeco's ability to ramp production of the K465i and support our global customers to meet the strong demand for tools as LED adoption accelerates for backlighting and lighting applications. This is a significant milestone for our business."
The production-proven K465i extends Veeco's lead in capital efficiency - the number of good wafers per day for each capital dollar - for high volume LED manufacturers. The K465i provides ease-of-tuning for fast process optimization on wafer sizes up to 8 inches and fast tool recovery time after maintenance.
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.
Debra Wasser, 516-677-0200 x1472
SVP Investor Relations & Corporate Communications
Fran Brennen, 516-677-0200 x1222
Senior Director Marcom