PLAINVIEW, NY--(Marketwired - August 11, 2016) - Veeco Instruments Inc. (NASDAQ: VECO) announced today that Epistar Corporation (TSE: 2448) has ordered multiple TurboDisc® EPIK™ 700 Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) Systems for the production of light emitting diodes (LEDs). The Veeco systems will be used to meet demand for various applications.
"The improved demand of solid state lighting combined with the need to compete in a competitive market dictates we choose the most productive and most cost-efficient MOCVD platform in the industry," said Dr. MJ Jou, President, Epistar Corporation. "Veeco has been our supplier of choice dating back to their innovative K465i system. After adopting their latest EPIK platform, we have achieved superior yield results and lowered manufacturing costs. The addition of these new EPIK MOCVD systems will help advance our production goals and improve our product competitiveness."
Based on Veeco's proven TurboDisc technology and the proprietary Uniform FlowFlange™, the award-winning EPIK 700 MOCVD system enables customers to achieve an improved cost per wafer savings compared to previous MOCVD systems through improved wafer uniformity, reduced operating expenses and increased productivity.
"We believe that a leader such as Epistar ramping production to meet demand of LEDs is a positive sign for the industry as a whole," said James T. Jenson, Senior Vice President, Veeco MOCVD Operations. "Veeco's superior MOCVD technology is the number one choice of manufacturers looking for a competitive edge in a market that seems to be turning upward again. We look forward to supporting Epistar's future MOCVD requirements as they continue their growth plans."
About Epistar Corporation
Epistar Corporation, located in the Hsinchu Science-based Industrial Park, Taiwan, is a premier manufacturer of high brightness LEDs for lighting, backlighting, mobile and other applications. Its common stock is traded on the Taiwan Stock Exchange under the ticker symbol 2448. Visit this link for more information: http://www.epistar.com.tw/index_en.php.
Veeco's process equipment solutions enable the manufacture of LEDs, displays, power electronics, compound semiconductors, hard disk drives, semiconductors, MEMS and wireless chips. We are the leader in MOCVD, MBE, Ion Beam, Wet Etch single wafer processing and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please visit 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, 2015 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.