Veeco Instruments Inc. (Nasdaq: VECO) announced today that Sanan
Optoelectronics Co. Ltd., the largest LED manufacturer in China, has
placed a multi-tool order for Veeco’s TurboDisc®
MaxBright® M™ Metal Organic Chemical Vapor Deposition (MOCVD) Systems
in the third quarter of 2013. The multi-reactor systems will be used to
ramp production of LEDs in their Xiamen, China fab for applications
including backlighting and general illumination.
Mr. Zhiqiang Lin, Chief Executive Officer of Sanan, commented, “Veeco
has been and remains our MOCVD supplier of choice. As we were selecting
equipment for our new phase of expansion, it was evident that the
MaxBright M would give us the best footprint efficiency to maximize
space and productivity in our Xiamen fab. Veeco has been a great partner
for us since as we have solidified our position as the top LED
manufacturer in China and as we have increased our business outside of
China as well.”
William J. Miller, Ph.D., Veeco’s Executive Vice President, commented,
“We are pleased to continue our partnership with Sanan and look forward
to supporting their expansion plans. According to IHS - IMS Research, a
leading LED industry research firm, China remains the largest region in
LED chip production with the most potential for adoption across all
lighting applications. We believe Sanan is well positioned to capitalize
on that growth.”
About the TurboDisc MaxBright M MOCVD
Multi-Reactor System
Veeco’s TurboDisc MaxBright M GaN MOCVD Multi-Reactor System 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 flexible layout configurations compared to the
original MaxBright. For more information about Veeco’s suite of MOCVD
systems visit www.veeco.com/mocvd.
About Sanan Optoelectronics Co. Ltd.
Sanan Optoelectronics Co. Ltd. is the largest manufacturer of LEDs in
China. They are engaged in the design, development, manufacture and
distribution of full color ultra-high brightness (UHB) LEDs, epitaxial
wafers, photo-diode detectors and compound solar cells. The company is
headquartered in Xiamen, PRC. They are traded on the Shanghai Stock
Exchange (ticker: 600703). For more information, visit http://www.sanan-e.com/en/.
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 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.
Copyright Business Wire 2013