PLAINVIEW, N.Y., Jun 15, 2011 (BUSINESS WIRE) --
Veeco Instruments Inc. (Nasdaq: VECO) today announced that Tsinghua Tongfang Company, a Beijing-based publicly listed division of the Tsinghua Holdings Company Limited, has placed an order for Veeco's new TurboDisc(R) MaxBright(TM) Multi-Reactor MOCVD System for production of high-brightness light-emitting diodes (HB LEDs).
Professor Liu Gang, General Manager of Nantong Tongfang commented, "Last year we selected Veeco as our primary supplier for our new production facility in NanTong, China that was completed at the end of 2010. We are very pleased with the performance of Veeco's single-chamber K465i systems, and are now excited to add the multi-chamber MaxBright system to help further improve our fab's productivity."
William J. Miller, Ph.D., Executive Vice President, Veeco LED & Solar, added, "Tsinghua Tongfang has done a great job building their LED business, and we are extremely pleased to continue to support their further capacity expansion with our latest generation product."
About MaxBright
The MaxBright system is the industry's most productive, lowest cost of ownership MOCVD system available to manufacture high brightness LEDs. Available in a 2 or 4-reactor cluster architecture, the MaxBright system delivers up to a 500% productivity gain and 2.5x increase in footprint efficiency over the industry-leading K465i system. For more information, please visit www.veeco.com/maxbright
About Tsinghua Tongfang
Tsinghua Tongfang Company Limited (SSE: 600100) is part of Tsinghua Holdings Company Limited and is a state-owned enterprise headquartered in Beijing, China. The Company was established in 1997, listed on the Shanghai Stock Exchange that same year, and is engaged in information technology, energy and environment industries.
About Veeco
Veeco makes equipment to develop and manufacture LEDs, solar panels, 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, 2010 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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Fran Brennen, 516-677-0200 x1222
Senior Director Marcom
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