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|Veeco’s TurboDisc® K475TM As/P MOCVD System|
Veeco Instruments Inc. (Nasdaq: VECO) announced today that the Guangdong Redsolar Photovoltaic Tech Co., Ltd (Redsolar), a leading producer of concentrated photovoltaic (CPV) solar cells in China, has purchased multiple TurboDisc® K475TM As/P MOCVD (metal organic chemical vapor deposition) Systems. The TurboDisc K475 MOCVD tool is a fully integrated deposition system that creates high quality compound semiconductor layers for CPV devices.
"China's appetite for highly-efficient green energy sources remains strong," said Dr Ji, General Manager of Redsolar. "Veeco's proven, best-in-class MOCVD systems reduce the production costs of CPV solar cells and allow us to easily ramp production in a modular way with supreme reliability at the lowest cost of ownership."
Guangdong Redsolar Photovoltaic Tech Co., Ltd is currently operating several TurboDisc K475 MOCVD systems that were purchased in 2012.
"We are pleased with the additional orders this quarter from Redsolar and excited about the potential for more energy efficient solar applications," said Jim Jenson, Senior Vice President and General Manager of MOCVD System Operations. "The K475 is the perfect choice for concentrated solar cells because our critical integrated reactor design produces excellent uniformity and repeatability with the highest uptime between maintenance. All those features lead to unmatched product yield and throughput for our customers."
About Veeco Instruments Inc.
Veeco’s process equipment solutions enable the manufacture of LEDs, flexible OLED displays, power electronics, hard drives, MEMS and wireless chips. We are the market leader in MOCVD, MBE, Ion Beam and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please visit www.veeco.com.
About The TurboDisc® K475TM
The TurboDisc K475 is equipped to maximize uptime and throughput by leveraging Veeco’s long-standing technology expertise (as the market leader in the GaN LED market) and vital integration of critical reactor design elements. Elements include a tunable FlowFlange®, advanced RealTemp® 200 temperature control and ultimate TurboDisc high velocity laminar flow, along with an integrated system load-lock that remains under constant vacuum to minimize downtime between runs. All are key cost-savings driving the efficiency of the K475.
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, 2011 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.
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