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Kvant of Russia Selects Veeco As/P MOCVD Tool for Production of Multi-Junction Solar Cells

February, 28, 2008

WOODBURY, N.Y., February 28, 2007 -- Veeco Instruments Inc. (Nasdaq: VECO), announced today that Research Production Enterprise “Kvant” of Moscow, Russia, a leading Russian enterprise in photovoltaic (PV) technology, has ordered a TurboDisc® E450™ arsenic phosphide (As/P) Metal Organic Chemical Vapor Deposition (MOCVD) System for production of multi-junction solar cells for commercial space applications.

Valery Semenov, Director of Kvant, said, ”Our decision to add Veeco’s MOCVD As/P E450 System to our fab was based on the tool’s ability to produce exceptionally high quality films,  and the throughput advantage of this system, which is key as we continue to increase output of our photovoltaic cells.”

Sam DiRenzo, Vice President, General Manager of Veeco's MOCVD Operations commented, “Kvant’s decision to choose our TurboDisc E450 As/P MOCVD Systems for their capacity expansion is further proof of our MOCVD systems’ production-proven excellent process performance.”

Also capable of producing multi-junction solar cells for terrestrial applications, Veeco’s TurboDisc E450 (and its recently introduced successor, the E475) As/P tools are engineered for the high-volume production of compound semiconductor materials, and offer a level of process control and reliability unmatched by competing MOCVD technologies. With integrated RealTemp® 200 technology for direct closed loop in-situ wafer temperature control, and fast gas switching for strict control of interface abruptness, these technically advanced systems provide superior material quality and process efficiency. In addition to triple junction solar cells, applications include HBTs, pHEMTs, red, orange and yellow HB-LEDs, and laser diodes.

About Kvant
Research-Production Enterprise “Kvant” is a leading enterprise in the Russian Federation in the area of development and production of PV converters of solar energy based on different semiconductor materials, PV modules and solar arrays for space and terrestrial applications.



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.


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, 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.


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