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Veeco Instruments Inc. (Nasdaq: VECO) announced today that its TurboDisc® Arsenic Phosphide (As/P) metal organic chemical vapor deposition (MOCVD) System has been qualified for production at AZUR SPACE Solar Power GmbH of Heilbronn, Germany. The system is the first of several Veeco MOCVD systems to be installed at Azur, and will be used to make concentrated photovoltaic (CPV) solar cells for terrestrial applications.
Klaus-Dieter Rasch, Ph.D., Azur's CEO, commented, "We selected Veeco's MOCVD systems for their ability to provide reliable large volume production of high efficiency triple junction solar cells with the lowest cost of ownership."
Bill Miller, Ph.D., Senior Vice President, General Manager of Veeco's MOCVD Operations commented, "We are pleased that our TurboDisc system has been qualified for production at Azur for their increased capacity needs. Veeco's TurboDisc As/P MOCVD tools have become the CPV industry's platform of choice by offering a level of process control and reliability unmatched by competing MOCVD technologies, and are being adopted by the industry for highest yields and lowest cost of ownership for high volume production of multi-junction III-V concentrator solar cells."
Veeco's As/P MOCVD Systems feature proprietary in-situ metrology, RealTemp® 200, enabling superior material quality and process efficiency from direct real-time wafer temperature control, fast gas switching for strict control of interface abruptness, and vacuum loadlock automation for highest productivity.
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, 2007 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.
About Veeco Instruments Inc.
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.
About AZUR SPACE
AZUR SPACE Solar Power GmbH develops, produces and supplies bare solar cells for space and terrestrial concentrator CPV applications. The range of products covers various types of silicon and III-V solar cells on germanium. For more information please visit www.azurspace.com.
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Investor Contact: Deb Wasser, SVP Investor Relations, 1-516-677-0200 x 1472
Trade Media Contact: Fran Brennen, Senior Director of Marcom, 1-516-677-0200 x1222
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