Veeco Receives MOCVD Order from KaiStar to Support LED Manufacturing Ramp
PLAINVIEW, N.Y.--(BUSINESS WIRE)-- Veeco Instruments Inc. (NAS: 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.
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.
Veeco Instruments Inc.
Debra Wasser, 516-677-0200 x1472
SVP Investor Relations & Corporate Communications
Fran Brennen, 516-677-0200 x1222
Senior Director Marcom
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