This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Philips Innovation Services Qualifies Veeco PVD System For Diverse Thin Film Device Applications

Veeco Instruments Inc. (Nasdaq: VECO) announced today that Philips Innovation Services, a service provider within Royal Philips Electronics N.V., has recently qualified a NEXUS® Physical Vapor Deposition (PVD) System at its location on the High Tech Campus Eindhoven, Netherlands. This system will support Philips Innovation Services’ capabilities in a broad range of thin film device applications, including MEMS, sensors, nano-electronics and others.

Christ van Hout, Strategic Purchasing CAPEX at Philips Innovation Services, commented, “Veeco was determined from the beginning to find the right solution for our equipment needs. We were under an extremely aggressive installation timeline and Veeco’s team partnered with us to meet our requirements. Their professional approach and superior process knowledge exceeded our expectations.”

Vivek Vohra, Veeco’s Vice President and General Manager, commented, “We are pleased Philips Innovation Services chose our system for their thin film device facility. We remain committed to delivering competitive products that meet our customers’ specifications and look forward to providing excellent support and service to the Philips team.”

Veeco's PVD technology enables the creation of MEMS and magnetic sensors with small form factors and increased capability. These systems offer improved accuracy and enable precise, uniform films with material flexibility for R&D or high-volume production. The system is now qualified for operation at Philips Innovation Services’ thin film device facility, supporting innovators in first-of-a-kind developments and small series production. This forms part of the organization’s high-tech facilities (approximately 28,000 square meters), fully staffed with 950 technical experts including a wide variety of engineers and technologists.

About Philips Innovation Services

Philips Innovation Services helps high tech companies and knowledge institutes accelerate their innovation by offering a range of advanced services, expertise and high-tech facilities across the whole innovation process, from concept creation, product development, prototyping and small series production, industrialization, quality and reliability, to sustainability and industrial consulting. Philips Innovation Services has service centers worldwide and is represented in Europe, China and the USA. For more information, please visit www.innovationservices.philips.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 release. 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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs