Veeco Instruments Inc. (Nasdaq: VECO) announced today that during the recently completed second quarter, Shanghai Epilight Technology Company Ltd., one of the largest LED manufacturers in China, placed a multi-tool order for Veeco TurboDisc(R) K465i(TM) Metal Organic Chemical Vapor Deposition (MOCVD) systems. The equipment is for Epilight's planned capacity expansion at their Shanghai high-brightness light emitting diode (HB-LED) fab.
Mr. Wendi Liu, President of Epilight commented, "We selected Veeco's K465i MOCVD system because of its excellent system design and the good performance in the field. It is simply the best choice for high-volume production of LEDs. Given the increased demand for LEDs in such applications as general illumination, TV backlight and outdoor displays, we intend to ramp our production quickly. With a business partner like Veeco, we are confident we can meet the market demand."
Bill Miller, Ph.D., Executive Vice President, General Manager of Veeco's MOCVD Operations, commented, "We are gratified to have the opportunity to work with Epilight as their MOCVD supplier for their LED production facility ramp. We believe that the China market will drive significant advancement of the LED industry, and Veeco, as the market-leading equipment provider in China, is well positioned to benefit from this growth."