Veeco Reports Q1- 2012 Financial Results

Veeco Reports First Quarter 2012 Financial Results

PLAINVIEW, N.Y.--(BUSINESS WIRE)--Apr. 30, 2012-- Veeco Instruments Inc. (Nasdaq: VECO) announced its financial results for the first quarter ended March 31, 2012. Veeco reports its results on a U.S. generally accepted accounting principles (“GAAP”) basis, and also provides results excluding certain items. Please refer to the attached table for details of the reconciliation between GAAP operating results and Non-GAAP operating results. All results presented herein are for Veeco’s “Continuing Operations.” GAAP Results ($M except EPS)       Q1 ‘12     Q1 ‘11 Revenues     $139.9     $254.7 Net income     $16.5     $58.0 EPS (diluted)     $0.42     $1.36         Non-GAAP Results ($M except EPS)       Q1 ‘12     Q1 ‘11 Net income     $19.0     $61.3 EPS (diluted)     $0.49     $1.44         First Quarter 2012 Results John R. Peeler, Veeco’s Chief Executive Officer, commented, “We are executing well during the downturn in MOCVD demand. Veeco’s first quarter revenue reached the top of our guidance at $140 million. Adjusted EBITA and non-GAAP earnings per share were $25 million and $0.49, respectively, on strong performance on the gross margin line and good expense management.” Veeco generated about $42 million in cash flow from operations, ending the quarter with $524 million in cash and short term investments. First quarter LED & Solar revenues were $96 million, including $82 million in MOCVD and $14 million in MBE. Data Storage revenues were $44 million. “As anticipated, we experienced a weak bookings environment in Q1, with total orders of approximately $113 million,” continued Mr. Peeler. “LED & Solar orders totaled $85 million, with $70 million in MOCVD and $15 million in MBE. MOCVD orders increased 19% sequentially, with system orders from customers in Korea, China, Taiwan, Japan and North America. MBE orders increased 71% sequentially on production orders from wireless customers. Data Storage bookings declined 62% sequentially to $29 million as customer consolidation activity temporarily stalled capacity investments.” Veeco’s book-to-bill ratio was 0.81 to 1 and quarter-end backlog was $305 million. Second Quarter 2012 Guidance & Outlook Veeco’s second quarter 2012 revenue is currently forecasted to be between $120 million and $145 million. Earnings per share are currently forecasted to be between $0.20 to $0.40 on a GAAP basis, and $0.29 to $0.48 on a non-GAAP basis. Please refer to the attached financial table for more details. Mr. Peeler commented, “I am proud of our team’s ability to execute, stay nimble and deliver solid profitability in a tough year. We are experiencing growth in our Data Storage and MBE businesses, as well as in Services across all of our technologies. Veeco is focused on keeping our infrastructure lean and discretionary costs low, while at the same time developing next-generation technology solutions to drive future growth. We are on track to deliver 2012 revenue of $500-600 million.” Mr. Peeler continued, “While MOCVD bookings grew modestly in the first quarter, we have not yet seen a clear inflection in customer buying patterns. LED customers remain cautious about capacity investment plans and it is still unclear when the MOCVD market will recover. Some positive signs are emerging, including increasing tool utilization rates in Korea, Taiwan and China, and a pick-up in customer quoting activity.” “Overall, we are seeing positive trends in LED lighting – lower prices, more LED lamp products, and heightened consumer awareness. LED manufacturers are focused on how to position their businesses for growth as LEDs become the dominant lighting technology. Despite the business decline in 2012, we firmly believe that the future MOCVD market opportunity will be larger than what we have experienced so far. With leading market share, strong LED customer relationships, technology leadership, and lowest cost of ownership production systems, Veeco is poised for substantive long term growth in LED lighting,” concluded Mr. Peeler. Conference Call Information A conference call reviewing these results has been scheduled for 5:00pm ET today at 1-877-419-6590 (toll free) or 1-719-325-4834 using passcode 8772364. The call will also be webcast live on the Veeco website at www.veeco.com. A replay of the call will be available beginning at 8:00pm ET tonight through midnight on May 14, 2012 at 888-203-1112 or 719-457-0820, using passcode 8772364, and on the Veeco website. Please follow along with our slide presentation also posted on the website. About Veeco 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 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.   Veeco Instruments Inc. and Subsidiaries Condensed Consolidated Statements of Income (In thousands, except per share data) (Unaudited)       Three months ended March 31, 2012 2011   Net sales $ 139,909 $ 254,676 Cost of sales   74,641     123,713   Gross profit 65,268 130,963   Operating expenses (income): Selling, general and administrative 19,773 22,936 Research and development 23,306 19,871 Amortization 1,215 908 Restructuring 63 - Other, net   (35 )   40   Total operating expenses   44,322     43,755     Operating income 20,946 87,208   Interest (income) expense, net (203 ) 1,299 Loss on extinguishment of debt   -     304     Income from continuing operations before income taxes 21,149 85,605 Income tax provision   4,687     27,626   Income from continuing operations   16,462     57,979     Loss from discontinued operations, net of tax (50 ) (5,337 )     Net income $ 16,412   $ 52,642     Income (loss) per common share: Basic: Continuing operations $ 0.43 $ 1.46 Discontinued operations   -     (0.14 ) Income $ 0.43   $ 1.32     Diluted: Continuing operations $ 0.42 $ 1.36 Discontinued operations   -     (0.12 ) Income $ 0.42   $ 1.24     Weighted average shares outstanding: Basic 38,261 39,842 Diluted 38,863 42,531     Veeco Instruments Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands)           March 31, December 31, 2012 2011 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 275,332 $ 217,922 Short-term investments 247,826 273,591 Restricted cash 852 577 Accounts receivable, net 90,341 95,038 Inventories, net 103,276 113,434 Prepaid expenses and other current assets 27,948 40,756 Assets held for sale 2,341 2,341 Deferred income taxes, current   10,222   10,885 Total current assets 758,138 754,544   Property, plant and equipment, net 91,998 86,067 Goodwill 55,828 55,828 Other assets, net   38,388   39,624 Total assets $ 944,352 $ 936,063   LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 38,243 $ 40,398 Accrued expenses and other current liabilities 103,219 107,656 Deferred profit 7,612 10,275 Income taxes payable 1,888 3,532 Liabilities of discontinued segment held for sale 5,359 5,359 Current portion of long-term debt   253   248 Total current liabilities 156,574 167,468   Deferred income taxes 5,023 5,029 Long-term debt 2,341 2,406 Other liabilities   436   640 Total liabilities 164,374 175,543   Equity 779,978 760,520     Total liabilities and equity $ 944,352 $ 936,063   Veeco Instruments Inc. and Subsidiaries Reconciliation of GAAP to non-GAAP results (In thousands, except per share data) (Unaudited)     Three months ended March 31,   2012     2011   Adjusted EBITA   Operating income $ 20,946 $ 87,208   Adjustments:   Amortization 1,215 908 Equity-based compensation 3,130 2,800 Restructuring   63   (1 )   -     Earnings from continuing operations before interest, income taxes and amortization excluding certain items ("Adjusted EBITA") $ 25,354   $ 90,916     Non-GAAP Net Income   Net income from continuing operations (GAAP basis) $ 16,462 $ 57,979   Non-GAAP adjustments:   Amortization 1,215 908 Equity-based compensation 3,130 2,800 Restructuring 63 (1 ) - Loss on extinguishment of debt - 304 Non-cash portion of interest expense - 769 ( 2 ) Income tax effect of non-GAAP adjustments   (1,909 ) (3 )   (1,451 ) ( 3 )     Non-GAAP Net Income $ 18,961   $ 61,309     Non-GAAP earnings per diluted share excluding certain items ("Non-GAAP EPS") $ 0.49   $ 1.44     Diluted weighted average shares outstanding 38,863 42,531 (1) During the first quarter of 2012, we recorded restructuring charges totaling $0.1 million related to a company-wide reorganization executed during the second half of 2011.   (2) Adjustment to exclude non-cash interest expense on convertible subordinated notes.   (3) The Company utilized the with and without method to determine the income tax effect of non-GAAP adjustments. NOTE - This reconciliation is not in accordance with, or an alternative method for, generally accepted accounting principles in the United States, and may be different from similar measures presented by other companies. Management of the Company evaluates performance of its business units based on adjusted EBITA, which is the primary indicator used to plan and forecast future periods. The presentation of this financial measure facilitates meaningful comparison with prior periods, as management of the Company believes adjusted EBITA reports baseline performance and thus provides useful information.   Veeco Instruments Inc. and Subsidiaries Reconciliation of GAAP to non-GAAP results (In thousands, except per share data) (Unaudited)   Guidance for the three months ending June 30, 2012 LOW HIGH Adjusted EBITA   Operating income $ 9,087 $ 19,355   Adjustments:   Amortization 1,289 1,289 Equity-based compensation   4,096     4,096     Earnings from continuing operations before interest, income taxes and amortization excluding certain items ("Adjusted EBITA") $ 14,472   $ 24,740     Non-GAAP Net Income   Net income from continuing operations (GAAP basis) $ 7,698 $ 15,706   Non-GAAP adjustments:   Amortization 1,289 1,289 Equity-based compensation 4,096 4,096 Income tax effect of non-GAAP adjustments   (1,766 ) (1 )   (2,156 ) (1 )   Non-GAAP Net Income $ 11,317   $ 18,935     Non-GAAP earnings per diluted share excluding certain items ("Non-GAAP EPS") $ 0.29   $ 0.48     Diluted weighted average shares outstanding 39,200 39,200 (1) The Company utilizes the with and without method to determine the income tax effect of non-GAAP adjustments. NOTE - This reconciliation is not in accordance with, or an alternative method for, generally accepted accounting principles in the United States, and may be different from similar measures presented by other companies. Management of the Company evaluates performance of its business units based on adjusted EBITA, which is the primary indicator used to plan and forecast future periods. The presentation of this financial measure facilitates meaningful comparison with prior periods, as management of the Company believes adjusted EBITA reports baseline performance and thus provides useful information.   Veeco Instruments Inc. and Subsidiaries Segment Bookings, Revenues, and Reconciliation of Operating Income (Loss) to Adjusted EBITA (Loss) (In thousands) (Unaudited)           Three months ended March 31,       2012     2011   LED & Solar Bookings $ 84,629 $ 198,245   Revenues $ 95,574 $ 214,698   Operating income $ 15,559 $ 79,811 Amortization 863 487 Equity-based compensation 1,006 679 Restructuring   58     -   Adjusted EBITA $ 17,486 $ 80,977         Data Storage Bookings $ 28,769 $ 32,614   Revenues $ 44,335 $ 39,978   Operating income $ 8,185 $ 11,560 Amortization 352 363 Equity-based compensation 411 308 Restructuring   5     -   Adjusted EBITA $ 8,953 $ 12,231         Unallocated Corporate Operating loss $ (2,798 ) $ (4,163 ) Amortization - 58 Equity-based compensation   1,713     1,813   Adjusted loss $ (1,085 ) $ (2,292 )         Total Bookings $ 113,398 $ 230,859   Revenues $ 139,909 $ 254,676   Operating income $ 20,946 $ 87,208 Amortization 1,215 908 Equity-based compensation 3,130 2,800 Restructuring   63     -   Adjusted EBITA $ 25,354   $ 90,916        Source: Veeco Instruments Inc.

UDC to Provide OLED Materials to Fraunhofer

DRESDEN, Germany, and EWING, N.J., April 30, 2012 — Universal Display Corp. (UDC) announced that it will provide proprietary UniversalPholed phosphorescent organic LED (OLED) materials to Fraunhofer IPMS – COMEDD (Center for Organic Materials and Electronic Devices Dresden) to drive energy efficiency in its white OLED lighting panels.

In the two-year agreement, COMEDD will develop and fabricate energy-efficient white OLED panels for market development.

“The contract with Universal Display allows us to realize OLED lighting devices using the leading phosphorescent emitter technology,” said professor Karl Leo, director of the Fraunhofer IPMS – COMEDD. “This is a key step toward increasing the efficiency of white OLED to levels where broad market acceptance can be reached.”

Universal Display’s UniversalPholed technology can enable the development of low-power and eco-friendly displays and white lighting.

For more information, visit: www.universaldisplay.com 

Lemnis Lighting and NTL Electronics join = new LED joint venture NTL-Lemnis

Companies bundle expertise in LED technology and form a vertically integrated company...

Delhi, Amsterdam 2 april 2012 – Dutch independent LED player Lemnis Lighting (Lemnis), producer of the Pharox LED bulb, and Indian lighting giant NTL Electronics (NTL) have decided to merge their LED activities in a new company, named NTL-Lemnis. The new company is fully operational as per 1 April 2012 and has its headquarters in the Netherlands. NTL-Lemnis will primarily focus on the geographic markets Europe, Africa and India.

The companies believe to be highly complementary. Lemnis Lighting has a vast experience in design, innovation and commercialization of LED lighting. NTL is strong in the field of development, production and logistics. Both parties have been working closely together for several years already.

Openness is key
The cooperation with NTL fits seamless in the general belief in sustainability of Lemnis Lighting, however is unique in current zeitgeist. Friedwart Barfod, cofounder of Lemnis: ‘Many companies are currently defensive in their approach and very reluctant to share their knowledge. Lemnis, on the contrary, aims at sharing our knowledge and expertise in the field of sustainable lighting. To us this is the only way to truly generate impact. 19% of global electricity consumption goes to lighting. But more than 90% of the electricity consumption of a incandescent is transformed into heat. The new organization reflects the global need to drastically bring back waste.’


Mr. Arun Gupta, CEO of NTL: ‘With the bundling of our forces we are able to build a high-quality and vertically integrated organization. We are thrilled to further enter this exiting category with our new company.’

About NTL Electronics
NTL was founded in 1993 and has been producing lighting products since 2002. NTL is seated in Noida, India and has achieved the no1 position in lighting production in India. The family owned company has approximately 5000 employees and has expertise in the field of development and production of lighting solutions. The product portfolio of NTL contains of electronic components, tube light, CFL’s and LED lights. The Private Equity company CX Partners acquired 20% stake in the company in 2010.

About Lemnis Lighting
Lemnis Lighting B.V., founded in 2005, is a frontrunner in the field of sustainable lighting solutions based on LED-technology. Lemnis Lighting is a subsidiary of Tendris Holding. Tendris initiates, develops and invests in companies that work on sustainable solutions for a better World.

Zhaga-compliant LED products

First Zhaga-compliant products point the way to a bright LED future

More than 30 companies presented Zhaga-compliant LED products for the first time at the at Light+Building(trade show).

Zhaga’s six specifications enable the interchangeability of six different LED light sources, significantly reducing costs and risks of developing new LED products – without limiting creativity or freedom of design.

"The presentation of Zhaga at Light+Building was a success. The products shown by our member companies demonstrate what Zhaga achieved in a short period of time. The lighting industry and the end users will profit from our specifications in the long term," says Menno Treffers, Secretary General of the Zhaga consortium, which was founded in 2010 and has since grown to over 190 member companies from Europe, Asia and North America.

Until now, there was a lack of compatibility between LED light sources made by different manufacturers. Thanks to Zhaga, luminaire manufacturers are able to upgrade the LED light source in their luminaires, without changing the reflector and mechanical design. In addition to Light+Building, the consortium will be providing information and education throughout 2012 at the International Lightfair in Las Vegas and the Guangzhou International Lighting Exhibition in China, where further Zhaga-compliant products will be shown.
For more information on Zhaga please go to www.zhagastandard.org

ElectroniCast Market Research Reports: LED Lamps (Type-A)

ElectroniCast provides market forecast of the use of LED-based General Service (Type A) lamps. (Note: the A-15 lamp is also known as an appliance bulb). The General Service (Type-A) lamp category includes the following:

General Service (Type - A)

A15

A19 / Other Type A (sizes)

A19

A19 (60W equivalent)

A19 (75W equivalent)

A19 (100W equivalent)

Other A19 and Other Type A Sizes

The letters represent the shape of the bulb. The numbers represent the maximum diameter, either in eighths of an inch, or in millimeters, depending on the shape and the region. Nominal bulb diameter in inches is found by dividing the “A” size by 8. For example, the A19 LED-based lamp (consumer-level light bulb) is approximately 2.39 inches (60.7 mm) in diameter. 

In addition to the A-15 and A-19 LED lamps, there are other Type-A sizes, such as: A-17, A-21 and A-23, possibly others.  Also, besides the 60W, 75W, 100W equivalent A-19 lamps, there are 7.5W, 12W, 15W, 17W, 40W, and possibly others. 

Contact: stephen_montgomery@electronicastconsultants.com

Web:  www.electronicast.com

LED-Based "Type-A" Lamps have a Good Shot of Winning Market Share

The Type-A lamp is the main “bulb” used in residential applications; therefore, as the incandescent bulb disappears from the marketplace. The LED-based Type-A lamp (‘bulb”) has a good shot at winning market share versus the CFL-based product.  The CFL has already copied the familiar Type-A bulb appearance and is available for consumers that do not like the “funny-looking” appearance of the conventional CFL –based lamp; however, with strong marketing efforts, sales/ distribution wins, technology/ brightness improvement, (etc) the LED-based lamp is forecast to be a tough competitor in the residential market.

Incandescent-based bulbs Burn Out “all the time”

The fact that the incandescent-based bulbs burn out “all the time” provides a competitive advantage for the CFL and LED products.  This long-life advantage is not as important in the Residential market, as it is in the Government and the Commercial/Industrial categories, since the cost of labor (to change the light-bulb) in the Residential category is not necessarily a factor. 

LEDs are emerging as a General Lighting option

LEDs are emerging as a General Lighting option, largely driven by ecological (“Green”) concerns, as well as government financial incentives, driven partially by “green” concerns.   

Sometimes this can be reflected in the marketing approaches of LED lighting equipment makers, which focus on the unique and “eye-catching” color-change effects that can be achieved rather than addressing the needs of the professional lighting market.

2012 DOE Solid-State Lighting Manufacturing R&D Workshop

DoubleTree by Hilton
San Jose, California (USA)
June 13–14, 2012

The DOE Solid-State Lighting (SSL) Manufacturing R&D Initiative was created in 2009 to forge government-industry partnerships focused on a common goal: to reduce the cost and improve the quality of SSL products. A related goal is to foster a significant U.S. role for SSL manufacturing—creating jobs and promoting our nation's technology leadership in this field.

Join DOE—and lighting industry experts representing the entire breadth of the SSL supply chain—at the fourth annual SSL Manufacturing R&D Workshop.

Gain cutting-edge perspective on manufacturing issues related to LED and OLED lighting, as leading experts share insights on global manufacturing trends and strategies for improving product quality and reducing costs. Re-examine roadmap priorities, and propose changes or updates. Learn more about federal funding opportunities, and network with our nation's leading manufacturing experts.


Source / More Information: http://www1.eere.energy.gov/buildings/ssl/sanjose2012.html

Lamborghini SUV (4x4): full set of LED headlights

Lamborghini SUV (4x4): full set of LED headlights


It has been reported that the Lamborghini SUV, tentatively set for a launching in 2017, will look similar to the BMW X6.

The powerful SUV will have a relatively high ride height although the carbon fiber body kit makes it appear closer to the ground.

The (2017) Lamborghini SUV (4x4) will have a full set of LED headlights, which will define the front end.

Lumerica Corporation acquires LumaSmart's LED business

MADISON HEIGHTS, Mich. (PRWEB) April 10, 2012 -  Lumerica Corporation, the provider of energy-efficient LED lighting solutions, today announced that it has acquired LumaSmart Technology International’s LED lighting business.

Lumerica’s product offerings will be significantly enhanced by LumaSmart’s environmentally-friendly lighting fixtures which are designed to consume less energy, provide a higher quality of light and last longer than competitive products. LumaSmart has primarily focused on the automotive, commercial, defense, industrial and transportation markets.

"The acquisition of LumaSmart’s LED product line reflects the continued execution of our plan to be a leading provider of LED lighting solutions to commercial and industrial customers," said Justin Palm, president of Lumerica Corporation. "The LumaSmart LED product line acquisition brings us a proven line of high quality, cost-effective lighting products for a wide-range of applications which complements our current product line. It also provides the opportunity to offer our customers more quality products made in the U.S.A."
Terms of the acquisition were not disclosed. LumaSmart, with a significant base of contract manufacturing customers, will remain a key supplier to Lumerica.

“LumaSmart will be an important contributor to Lumerica’s success, and we look forward to gaining market share through offering unparalleled lighting value to discerning customers,” said Palm.

About Lumerica Corporation
Lumerica Corporation provides LED lighting solutions to an extensive customer base, from government facilities, to commercial/industrial properties, to residential customers, offering cost-effective products for numerous applications. For more information about Lumerica, please visit lumerica.com; LumaSmart products have been moved to the Lumerica website. Lumerica is a member of the Michigan Solid State Lighting Association, and supports the organization’s mission of ensuring that Michigan is a global leader in researching, developing, and manufacturing solid state lighting products.

About LumaSmart
LumaSmart Technology International, Inc. is a Michigan-based company with production facilities located in Macomb, Mich. LumaSmart designs and manufactures LED light engines for commercial and military clients.

Croma Variable Color-Temperature LED Lighting Fixtures

 Litepanels®, a Vitec Group brand, recently announced that the Croma on-camera LED lighting fixture, capable of generating variable color temperature illumination, is now shipping.

The Croma provides Litepanels hallmark soft light with the addition of variable color temperature output ranging from daylight (5600°K) to tungsten (3200°K). It is a versatile solution for run-and-gun news shooters, event videographers or still photographers who move rapidly from one light environment to the next, with no time to change lighting equipment or add gels. Delivering powerful performance in a small package, this self-contained light can be a secret weapon on any set or location, wherever an extra kick or soft fill is needed.

Croma provides infinite control of both color temperature and lighting intensity via two ergonomic on-fixture dials. One offers the ability to dim from 100% to zero with no noticeable color shift. The second lets the user dial-in the fill light to any point between daylight (5600°K) and tungsten (3200°K) to precisely match the ambient light.

The Croma draws just 9W, and provides the equivalent luminance output of 40W – 90W traditional fixtures. To power the fixture, the user has the choice of AA batteries or optional AC adapter. Six 1.5V AA batteries install within the Croma to provide power from 1.5 to 6 hours, depending on battery type.

The compact Croma weighs just 12 oz. (.4 kg) and measures 6” x 4” x 2” (54mm H x 36mm W x 102mm D).

“Our new Croma is an on-camera color-temperature versatile LED lighting fixture that can match the ambient light with a quick turn of a knob, making it the go to light for any environment,” said Chris Marchitelli, Litepanels VP of Global Marketing. “Videographers and DSLR shooters alike will wonder how they ever managed without it.”

For more information on Litepanels LED lighting, contact Litepanels, Inc. 16152 Saticoy Street, Van Nuys, CA 91406, Email: info@litepanels.com www.litepanels.com

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About Litepanels

Litepanels was founded in 2001 by 5 professional gaffers and engineers who saw the future and pioneered LED (light emitting diode) lighting for motion pictures, television and the audio-visual industry. Their Emmy® award-winning technology has now been used on thousands of productions worldwide and is trusted by the world’s leading broadcast organizations.

Backed by the Vitec Group’s legacy of 100+ years in the broadcast and production industry, Litepanels continues to expand its suite of flicker free, color accurate, fully-dimmable soft lights that talent and Lighting Directors admire. These environmentally friendly fixtures practically pay for themselves with power savings and long life, setting a new standard in professional lighting.  Along with other leading brands in the broadcast and professional videographer industry, Litepanels is part of Vitec Videocom, a Vitec Group company.  For more information on Litepanels, visit www.litepanels.com

About Vitec Videocom

Vitec Videocom brings together some of the most respected, most innovative and most sought-after brands in the industry: Anton/Bauer, Autoscript, Litepanels, OConnor, Petrol, Sachtler, Vinten and Vinten Radamec. It acts as an endorsing brand for these market-leading broadcast, film and pro video products, encouraging multi-brand system sales and simplifying the way that customers worldwide do business.

Vitec Videocom is an operating division within the Vitec Group, an international business serving customers in the broadcast, photographic and military aerospace and government markets. Vitec is based on strong, well known, premium brands on which its customers rely on worldwide.

Vitec Videocom - innovative products around the camera.