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Veeco Instruments Inc. (Nasdaq: 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."
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.
About Veeco Instruments
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.
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 www.epilight.com.cn
For more information, please click here
Veeco Instruments Inc.Financial:
SVP Investor Relations & Corporate Communications
Fran Brennen, 516-677-0200 x1222
Senior Director Marcom
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