Veeco Received Multi-Unit Order for MOCVD Systems

Published on May 18, 2011 at 12:31 AM

Veeco Instruments Inc. (Nasdaq: VECO) today announced that Elec-Tech International has placed a multi-unit order for Veeco's recently released TurboDisc(R) MaxBright(TM) MOCVD System for production of high-brightness light-emitting diodes (HB LEDs) at their facility in Wuhu, China.

Tony Wang, Chairman of Elec-Tech commented, "As we have previously stated, our goal is to become one of the top three LED companies by output and sales revenue in China within two years, and we have an aggressive plan to achieve this goal. By adding Veeco's new multi-chamber MaxBright, we expect to be able to compete in a very high-production environment and drive down the cost of LEDs. We are excited by what we have seen with MaxBright in terms of its cost-of-ownership model, ease-of-use, and the great footprint advantage it will offer us in our fab."

Mr. Wang added, "When we selected Veeco last year as our primary equipment supplier, it was not just because of the success of the K465i, but also because of the roadmap they shared with us on the new multi-reactor MaxBright system. Also, Veeco's service and support has been excellent, so we have a lot of confidence giving them these additional orders for our capacity ramp."

William J. Miller, Executive Vice President, Veeco LED & Solar added, "Elec-Tech is moving fast to ramp capacity and gain share in the LED market. We are pleased to be able to support this ramp with our latest generation MaxBright product."

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