Veeco Instruments Inc. (Nasdaq: VECO) announced today that KaiStar
Lighting Co., Ltd. ordered multiple TurboDisc®
MaxBright® M™ MOCVD Systems in the second quarter of 2013. KaiStar,
a joint venture between Epistar Corporation and Shenzhen Kaifa
Technology Co., Ltd., is based in Xiamen, China. The systems will be
added to KaiStar’s current installed base of Veeco MOCVD systems as part
of their 2013 capacity expansion plan.
Mr. MJ Jou, President of Epistar Corporation, commented, “This latest
capacity expansion is based on our customers’ growing demand for LEDs
for backlighting and general illumination applications. We have been
delighted with the performance of Veeco’s production-proven MOCVD
systems, which provide high productivity and low cost of ownership.
Combined with their excellent service and support, it was an easy
decision for us to again turn to Veeco for our manufacturing ramp.”
William J. Miller, Ph.D, Veeco’s Executive Vice President, commented,
“We are gratified that KaiStar has again chosen Veeco as their MOCVD
supplier of choice as they ramp production. As always, we are committed
to help them achieve their manufacturing goals.”
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 KaiStar Lighting (Xiamen) Co., Ltd.
KaiStar, a joint venture between Epistar Corporation and Shenzhen Kaifa
Technology Co., Ltd., has registered capital of $120 million. The
Company plans to focus on the lighting market through the production of
InGaN LEDs for lighting and backlighting applications, lamps and
automotive products.
About Veeco
Veeco makes equipment to develop and manufacture LEDs, solar cells, hard
disk drives and other devices. We support our customers through product
development, manufacturing, sales and service sites in the U.S., Korea,
Taiwan, China, Singapore, Japan, Europe and other locations. Please
visit us at 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.
Copyright Business Wire 2013