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Tsinghua Tongfang Choose Veeco as Primary Supplier of MOCVD Systems for LED Factory

Veeco Instruments Inc. (Nasdaq: VECO) announced today that Tsinghua Tongfang Company, a Beijing-based, publicly listed division of the Tsinghua Holdings Company Limited, has selected Veeco as its primary supplier of Metal Organic Chemical Vapor Deposition (MOCVD) systems for their new light-emitting diode (LED) factory. Veeco booked the initial systems from a large multi-tool purchase order earlier this month.

Wang Lianghai, Vice President of Tsinghua Tonfang commented, "After thorough evaluation of available MOCVD systems at our Beijing LED R&D site, we selected Veeco as our primary supplier for our new production facility in NanTong which is scheduled to be completed by the end of this year. The TurboDisc(R) K465i MOCVD systems were the clear winner in terms of cost of ownership and productivity. We have an aggressive plan to ramp production of LEDs primarily to address backlighting demand for TVs, and Veeco's technology, tool performance and customer support best matched our needs."

Bill Miller, Ph.D., Executive Vice President, General Manager of Veeco's MOCVD Operations, commented, "Tsinghua Tongfang has put together an exciting new enterprise, moving from the lighting engineering business directly into the manufacture of LEDs. They have solid financial backing and an experienced technology team, and we are pleased to support their production ramp."

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