Veeco Instruments Inc. (Nasdaq: VECO) announced today that the Company
has received an order for multi- and single-chamber TurboDisc® MOCVD
Systems, including the new MaxBright® M™, from KaiStar Lighting Co.,
Ltd. KaiStar, a joint venture between Epistar Corporation and Shenzhen
Kaifa Technology Co., Ltd., is based in Xiamen, China and began LED
production in 2012. The systems will be added to KaiStar’s existing
fleet of Veeco MOCVD systems as part of their 2013 capacity expansion
plan.
MJ Jou, President of Epistar Corporation commented, “This latest
capacity expansion in Xiamen is in keeping with our goal to maximize our
position in the China LED backlighting, automotive and general
illumination market. Since we originally selected Veeco as our MOCVD
equipment supplier for KaiStar a year ago, we have been extremely
impressed with the product quality, service and support we have
received. A critical deciding factor has been Veeco’s quick process
transfer which is important as we share know-how across our LED
manufacturing sites. In addition, the TurboDisc’s low cost-of-ownership
made it a straight-forward decision to turn to Veeco as we add more
tools for KaiStar in 2013.”
Bill Miller, Executive Vice President of Veeco, commented, “We are
pleased to support Epistar and Kaifa as they continue to expand their
leadership position in the China market through KaiStar and their other
joint ventures. We will remain focused on helping them to achieve their
manufacturing goals.”
About the TurboDisc MaxBright M MOCVD
Multi-Reactor System
Veeco’s TurboDisc MaxBright M GaN MOCVD Multi-Reactor System platform is
the industry’s highest footprint efficiency MOCVD system designed to
manufacture high quality, high brightness light emitting diodes. The
MaxBright M provides up to 15% improved footprint efficiency, easier
serviceability and offers accommodating layout configurations compared
to the original MaxBright. For more information about Veeco’s suite of
MOCVD systems visit: http://www.veeco.com/products/mocvd.aspx.
About KaiStar Lighting (Xiamen) Co., Ltd.
KaiStar, a joint venture between Epistar Corporation and Shenzhen Kaifa
Technology Co., Ltd., has registered capital of USD$120 million. The
Company plans to focus on the lighting market through the production of
green and white LEDs for display and backlighting applications, lamps
and automotive products.
About Veeco
Veeco’s process equipment solutions enable the manufacture of LEDs,
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.
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 release. Veeco does not undertake any obligation to update
any forward-looking statements to reflect future events or circumstances
after the date of such statements.
