Veeco Instruments Inc. (Nasdaq: VECO) announced today that it has recently completed installation of a GEN2000® Edge™ Molecular Beam Epitaxy (MBE) System at IPG Photonics Corporation. The system was delivered to further expand their production of high-quality GaAs-based lasers. This order follows IPG’s prior purchases of three Veeco GEN200® Systems.
Dr. Alex Ovtchinnikov, Vice President-Components for IPG, stated, “We have been very pleased with the cost of ownership advantages and the unsurpassed performance of our previously purchased GEN200 Systems. Thus, it made sense to scale-up to a higher capacity GEN2000 System to accommodate our needs for increased throughput today. Veeco is a valued IPG partner, offering us timely delivery, professional installation, and unmatched service and support.”
“Repeat orders such as this from IPG attest to the leading performance of Veeco’s cluster-based systems for production applications, as well as the continuing, comprehensive support Veeco offers,” said Jim Northup, Vice President and General Manager of Veeco's MBE Operations. He added, “We are pleased to continue to support IPG in their capacity expansion.”
The GEN2000 Edge MBE System delivers exceptional wafer quality in high-capacity production applications. Its cluster tool design provides the industry’s most cost effective 7x6” epiwafer growth of devices such as pump lasers, vertical cavity surface-emitting lasers (VCSELs) and heterojunction bipolar transistors (HBTs). Its cluster tool architecture minimizes clean-room space and downtime attributed to maintenance, increased throughput; and allows for growth of different materials in connected modules.About IPG Photonics Corporation IPG Photonics Corporation is the world leader in high-power fiber lasers and amplifiers. Founded in 1990, IPG pioneered the development and commercialization of optical fiber-based lasers for use in diverse applications, primarily materials processing. Fiber lasers have revolutionized the industry by delivering superior performance, reliability and usability at a lower total cost of ownership compared with conventional lasers, allowing end users to increase productivity and decrease operating costs. IPG has its headquarters in Oxford, Massachusetts, and has additional plants and offices throughout the world. For more information, please visit www.ipgphotonics.com. About Veeco Veeco’s process equipment solutions enable the manufacture of 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.
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