Instruments Inc. (Nasdaq: VECO) announced today that Elec-Tech International
has selected its TurboDisc(R) K465i Metal Organic Chemical Vapor Deposition
(MOCVD) systems as their "tool of choice" for two new LED factories
in Wuhu and Yangzhou, China. In August Veeco booked the initial systems from
a large multi-tool purchase order from Elec-Tech's LED subsidiary, Elec-Tech
Optoelectronic Technology (Wuhu) Co., Ltd.
Tony Wang, Chairman of Elec-Tech commented, "Our Board of Directors has
approved our plan to purchase 130 MOCVD tools to ramp production capacity at
our two LED factories. Our goal is to become one of the top three LED companies
by output and sales revenue in China within two years, focusing primarily on
the general lighting and BLU market, but on other applications as well."
Mr. Wang continued, "After a thorough evaluation of the available MOCVD
products, we selected Veeco as our preferred and primary supplier for the vast
majority of the 130 MOCVD systems we will be installing at our new factories.
We believe that Veeco's MOCVD systems have low cost-of-ownership and proven
high productivity, and will help us to achieve success in the LED market."
Bill Miller, Ph.D., Executive Vice President, General Manager of Veeco's MOCVD
Operations, commented, "We are extremely pleased that Elec-Tech has chosen
Veeco for their production requirements as they build out their aggressive plans
in China. We look forward to supporting this important new customer with our
best-in-class systems and world-class applications process support."
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. http://www.veeco.com