PLAINVIEW, N.Y.--(BUSINESS WIRE)--Feb. 9, 2009-- Veeco Instruments Inc. (Nasdaq: VECO) announced today that LG Innotek Co., Inc., a global leader and technology innovator in electronic components, has ordered an additional four TurboDisc® K465™ gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) Systems to make high brightness light emitting diodes (HB-LEDs). The orders were received in the fourth quarter of 2008.
Dr. Steve (Tchanghun) Oh, Vice President in charge of LED technology at LG Innotek, commented, “We are very impressed with the level of support and collaboration from Veeco in helping us to improve our cost of ownership. Veeco’s MOCVD tools enable a smooth transition to larger wafer sizes offering a longer capital life along with a proven advantage in productivity. These were all major factors in our decision to add more Veeco MOCVD systems to our HB-LED production line.”
Bill Miller, Ph.D., Senior Vice President, General Manager of Veeco's MOCVD Operations commented, “We are pleased to be helping LG Innotek meet their production demands for HB-LEDs for television backlighting applications. The K465 has been designed to help customers seamlessly transition to larger wafer sizes, a critical benefit to our customers as they advance LED technology.”
Veeco’s TurboDisc K465 GaN MOCVD System is the only production-proven, fully automated MOCVD platform available on the market today. The "K-Series" MOCVD platform includes the K300 and K465 models, offering a modular, upgradeable path to a higher throughput, larger diameter reactor chamber and reduced cost of ownership.
About LG Innotek, Inc.
LG Innotek Co., Ltd.(KOSPI 011070), one of the subsidiaries of LG group, is a globally-leading manufacturer of electric components and one of the most established Korean LED manufacturers. LG Innotek is headquartered in Seoul Korea with several manufacturing sites in China, Indonesia, Poland and Mexico. The company is focused on maximizing synergy created by combining its electric component business including digital /analog tuners, optical disc drive motors, and RF components with technology and business skill sets. LG Innotek is also growing as the world’s best in mobile components, display components, wireless communication components and automotive electronics components. LG Innotek is continuously challenging itself to expand the horizon of the core digital technology through R&D investment and relationships with worldwide customers. For more information, please visit the LG Innotek web site:
www.lginnotek.com
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About Veeco
Veeco Instruments Inc. manufactures 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 manufacturing and engineering 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 APAC.
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 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, 2007 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.
Source: Veeco Instruments Inc.
Veeco Instruments Inc.
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Debra Wasser, 516-677-0200 x1472
SVP Investor Relations & Corporate Communications
or
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Senior Director Marcom