Instruments Inc. (Nasdaq: VECO) announced today that Neo-Neon Holdings Ltd.,
a leading lighting company listed on the Hong Kong exchanges, has ordered its
first Veeco TurboDisc(R) K465i Metal Organic Chemical Vapor Deposition (MOCVD)
system to support its LED manufacturing capacity ramp at its JiangMen, China
factory. Veeco received the order during the recently completed second quarter.
Dr. Jurgen Yeh, Chief Technology Officer, commented, "Neo-Neon plans
to expand our LED wafer output seven-fold over the next three years. We have
decided to include Veeco's K465i MOCVD system in our plans due to its proven
high productivity as well as the recent uniformity and repeatability advances
that Veeco has achieved. We intend to move quickly to expand our position in
the general illumination market, and require supplier partners that can keep
pace with our plans." To fund its expansion, Neo-Neon has recently raised
NT$2.06 billion (U.S. $64 million) through a share issuance in Taiwan.
Bill Miller, Ph.D., Senior Vice President, General Manager of Veeco's MOCVD
Operations, commented, "Neo-Neon is a recognized LED industry leader with
a diversified product range and broad customer base. We are therefore gratified
to be a part of their capacity expansion plans."
Neo-Neon is a leading vertically integrated LED lighting manufacturer. Neo-Neon
International Ltd., founded in Taiwan in 1978, is one of the largest seasonal
decorative lighting manufacturers in the world. In 1989 Neo-Neon moved its production
to He Shan, Guangdong Province on the Chinese Mainland. Neo-Neon manufactures
its own chips, packages, encapsulates and LED lighting products. Neo-Neon is
currently ranked in the top six LED companies in the world according to its
number of patents, and in the top three in terms of lumens efficacy of its LEDs.
For information on Neo-Neon please visit their website at www.neo-neon.com.
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.