This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,136.96 +40.06 0.22%
S&P 500 2,099.51 +0.98 0.05%
NASDAQ 4,977.8780 +10.7370 0.22%

Partners Compare Online Brokers

Free Reports

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