Veeco Receives Multiple Orders for Molecular Beam Epitaxy Systems

Veeco Instruments Inc. (Nasdaq: VECO) announced today that it received five Molecular Beam Epitaxy (MBE) systems orders during the fourth quarter of 2008, and over the past 12 months has seen an increase in orders for its multiple growth module cluster tool systems. The orders extend across the complete Veeco systems product line. These systems were sold to global customers in the U.S., Asia and Europe.

The systems ordered are planned for a wide range of research and development efforts. Customers’ applications of MBE technology include emerging material research, LEDs and next generation devices for the optical and solar markets.

With the increase in next generation applications that require incompatible material processing, Veeco has seen a ramp in orders due to the innovative architecture of its cluster tool systems. The system design has been recognized within the industry as it can support multiple independent growth modules for reliable, efficient automated growth. The GEN10™ for R&D is the most recent introduction to the robust Veeco cluster tool product line, built upon nine years of cumulative knowledge within various production environments.

“The strong level of business activity over this past year, including a record order rate in the fourth quarter and a third consecutive year of market share growth, is exciting and evidence that our customers appreciate the value Veeco provides,” says Jeffrey Hohn, Vice President and General Manager, Veeco MBE Operations. “We thank our customers for choosing Veeco’s products to meet their R&D and production requirements as a capable, dependable platform.”

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