PLAINVIEW, N.Y.--(BUSINESS WIRE)--
Veeco Instruments Inc. (Nasdaq: VECO) announced today that Sanan
Optoelectronics, the largest LED manufacturer in China, has ordered 50 TurboDisc®
EPIK700™ Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition
(MOCVD) reactors for the production of light emitting diodes (LEDs).
This order is the equivalent of 25 EPIK700 MOCVD “C2” (cluster) systems.
In keeping with its bookings policy, Veeco will record the purchase
order as deposits are received.
“Sanan chose the EPIK700 due to its industry leading cost of ownership
model and excellent footprint efficiency,” said Zhiqiang Lin, Vice
Chairman and CEO of Sanan. “Our beta testing of EPIK700 proved its
production-worthiness, and we are confident in its capabilities and
value to our Xiamen business expansion plans. Veeco has been a great
partner for Sanan as we have solidified our position as the top LED
manufacturer in China and increased our business outside of China as
well.”
Based on Veeco’s proven TurboDisc technology, the EPIK700 MOCVD system
enables customers to achieve a cost per wafer savings of up to 20
percent compared to previous generation MOCVD systems through improved
wafer uniformity, reduced operating expenses and increased productivity.
“This large order from Sanan, the largest single purchase order Veeco
has received since 2009, speaks volumes about the EPIK700’s production
readiness and the recovery in the MOCVD market,” said John Peeler,
Veeco’s Chairman and Chief Executive Officer. “We are in a great
position to continue to serve our LED customers with the best MOCVD
technology and customer support, and remain the industry leader.”
About TurboDisc EPIK700 GaN MOCVD SYSTEM
Veeco’s new breakthrough EPIK700 MOCVD system is the LED industry’s
highest productivity MOCVD system that reduces cost per wafer by up to
20 percent compared to previous generations. Available in one-and
two-reactor configurations, EPIK700 features breakthrough technologies
including the new IsoFlange™ and TruHeat™ technologies that provide
homogeneous laminar flow and uniform temperature profile across the
entire wafer carrier. These technological innovations produce wavelength
uniformity to drive higher yields in a tighter bin. EPIK700 offers a
2.5x throughput advantage over other systems due to its large reactor
size. Designed for mass production, EPIK700 accommodates 31x4”, 12x6”
and 6x8” wafer carrier sizes. Customers can easily transfer processes
from existing TurboDisc systems to the new EPIK700 MOCVD platform for
quick-start production of high quality LEDs. Because of the flexible
EPIK700 MOCVD platform, more upgrades, added benefits and future
enhancements will continue to differentiate this world-class system.
About Sanan Optoelectronics Co. Ltd.
Sanan Optoelectronics Co. Ltd., headquartered in Xiamen, China, is the
largest manufacturer of LEDs in China. The company operates through the
following business divisions: Electronics Technology Research,
Semiconductors Production, and Marketing. The Electronics Technology
Research division provides research services in the areas of light
emitting diode and solar power. The Semiconductors Production division
manufactures LED chips and wafers, solar cells, and photodiodes. The
Marketing division is involved in promoting and selling the company's
products and services. Additional information can be found at http://www.sanan-e.com/en/.
About Veeco
Veeco’s process equipment solutions enable the manufacture of LEDs,
flexible OLED displays, solar cells, power electronics, hard drives,
MEMS and wireless chips. We are the market leader in LED, MBE, Ion Beam
and other advanced thin film process technologies. Our high performance
systems drive innovation in energy efficiency, consumer electronics and
network storage and allow our customers to maximize productivity and
achieve lower cost of ownership. For information on our company,
products and worldwide service and support, please visit 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, 2013 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.