Veeco Instruments Inc. (Nasdaq: VECO), announced today that Sanan
Optoelectronics Co. Ltd., the largest manufacturer of full color LEDs in
China, has placed a large multi-tool order for Veeco’s K465i™
and E475™
TurboDisc® Metal Organic Chemical Vapor Deposition (MOCVD) Systems.
The equipment is for Sanan’s new LED fab in Wuhu, Anhui Province for the
manufacturing of high brightness light emitting diodes (HB LEDs). Veeco
booked the order earlier this month.
Mr. Simon Lin, CEO of Sanan, commented "Our new location in Wuhu will be
China’s, and perhaps the world’s, largest manufacturing and research
center for LED wafers and chips. We selected Veeco’s K465i and E475 MOCVD
systems because they are 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 Veeco as our chosen
partner.” Sanan announced recently that it plans to invest RMB 12
billion (approx. $1.7 billion USD) to build a LED manufacturing facility
in Wuhu. According to Mr. Lin, "As we have commented in the past, it is
our plan to purchase 200 MOCVD systems over the next 3 to 4 years.”
Bill Miller, Ph.D., Senior Vice President, General Manager of Veeco's
MOCVD Operations commented, "We are gratified that we can continue our
long-standing relationship with Sanan as their preferred MOCVD supplier
for their new world-class LED production facility. 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.”
With superior wavelength uniformity and excellent run-to-run
repeatability, the production-proven K465i extends Veeco’s lead in
capital efficiency – the number of good wafers per day for each capital
dollar – for high volume LED manufacturers. The K465i provides
ease-of-tuning for fast process optimization on wafer sizes up to 8
inches and fast tool recovery time after maintenance. The TurboDisc E475
As/P MOCVD System is engineered for high-volume production of red,
orange and yellow HB-LEDs, and offers a level of process control and
reliability unmatched by competing MOCVD technologies.
About Sanan Optoelectronics Co. Ltd.
Sanan Optoelectronics Co. Ltd. is the largest manufacturer of full color
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). Visit http://www.sanan-e.com/en/index.aspx
for more information.
About Veeco
Veeco Instruments Inc. designs, manufactures, markets and services
enabling solutions for customers in the HB-LED, solar, data storage,
semiconductor, scientific research and industrial markets. We have
leading technology positions in our three businesses: LED & Solar
Process Equipment, Data Storage Process Equipment, and Metrology
Instruments. Veeco’s product development, marketing, engineering and
manufacturing facilities are located in New York, New Jersey,
California, Colorado, Arizona, Massachusetts and Minnesota. Global sales
and service offices are located throughout the U.S., Europe, Japan and
Asia Pacific. http://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 risk that the customer’s planned
equipment purchases described above may not be made, or may not be made
with Veeco, as well as factors 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, 2009 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.
