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Ocean Thin Films Qualifies Veeco’s SPECTOR-HT IBD System For High Volume Production

Stocks in this article: VECO

Veeco Instruments Inc. (Nasdaq: VECO) announced today that Ocean Thin Films, a leading precision optical coatings company, has recently qualified the SPECTOR-HT™ Ion Beam Deposition (IBD) System for high-volume production of optical filters to be used in a broad range of applications, including biophotonics, defense, display, aerospace and lighting.

Randel Mercer, Vice President, Business Development, Ocean Thin Films, commented, “Veeco’s SPECTOR-HT IBD System allows us to deliver high quality optical filters to the market faster by achieving ion beam quality films at superior deposition rates. After comparing Veeco’s deposition technology to other coating platforms, we are confident that SPECTOR-HT will give Ocean Thin Films a distinct production advantage.”

Robert P. Oates, Veeco’s Executive Vice President, Ion Beam Equipment, commented, “We are pleased that Ocean Thin Films chose the new SPECTOR-HT for their manufacturing facility. Our system achieves unprecedented levels of productivity by offering the highest throughput for precision optical thin films.”

The SPECTOR® platform has been the industry-leading optical coating platform for 14 years with over 200 systems shipped around the world. Compared to previous SPECTOR systems, the SPECTOR-HT provides up to 400% increase in system throughput through improved deposition rates and increased lot sizes, up to 300% increase in target material utilization for reduced maintenance and lower cost of ownership and 50% better material uniformity.

About Ocean Thin Films

Ocean Thin Films specializes in the design and deposition of precision thin film optical coatings utilizing state-of-the-art manufacturing technologies to produce durable multi-layer coatings. Ocean Thin Films’ processes can be tuned to provide specific spectral performance while inline controls and monitoring ensure consistent quality. For more information, visit www.oceanthinfilms.com.

About Veeco

Veeco’s process equipment solutions enable the manufacture of optoelectronics, LEDs, power electronics, hard drives, MEMS and wireless chips. We are the market leader in MOCVD, MBE, Ion Beam 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, 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.

Copyright Business Wire 2010

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