Veeco Instruments Inc. (Nasdaq: VECO) announced today that the world
record for energy efficiency of a commercial-ready production solar cell
by Solar Junction was achieved on its Dual GEN200® Molecular Beam
Epitaxy (MBE) System.
Solar Junction, a developer of high efficiency multi-junction solar
energy cells for the concentrating photovoltaics (CPV) market, reported
last October that the power conversion efficiency of their CPV cells was
measured at an unprecedented 44 percent at 947 suns, as verified by the
National Renewable Energy Laboratory (NREL).
Homan Yuen, Ph.D., Solar Junction’s Vice President of Research &
Development, commented, “Veeco’s MBE system enables us to reach critical
milestones in solar cell efficiency. Their system is instrumental in
pushing the boundaries of technology to make CPV a more competitive
option for solar power.”
Jim Northup, Veeco’s Vice President and General Manager, commented, “We
wholeheartedly congratulate Solar Junction on their world record, and
are committed to supporting their new facility’s production ramp. The
GEN200 is the ideal pilot production tool, and we take great pride in
providing the deposition platform for this ground-breaking result.”
The GEN200 MBE cluster-tool design provides the material source and
wafer configuration flexibility for R&D or for multi-wafer production
applications. The flexibility of the cluster tool design enables the
GEN200 system to deliver higher throughput and lower cost per wafer, in
a footprint up to 60% smaller than comparable MBE systems. It can
support dual growth modules, allowing facilities to either greatly
increase production or grow different materials within a single,
integrated system.
About Solar Junction
Solar Junction is a manufacturer of high efficiency III-V multi-junction
solar cells based on A-SLAM™ materials. The Company is dedicated to
providing the industry’s highest efficiency solar cells to enable CPV as
a cost effective energy solution. Founded in 2007, Solar Junction is
headquartered in San Jose, California. Investors include New Enterprise
Associates, Draper Fisher Jurvetson, Advanced Technology Ventures, and
IQE. For more information, please visit http://www.sj-solar.com.
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.
