This Day On The Street
Continue to site
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

Veeco Receives MOCVD Order From KaiStar To Support LED Manufacturing Ramp

Veeco Instruments Inc. (Nasdaq: VECO) announced today that KaiStar Lighting Co., Ltd. ordered multiple TurboDisc® MaxBright® M™ MOCVD Systems in the second quarter of 2013. KaiStar, a joint venture between Epistar Corporation and Shenzhen Kaifa Technology Co., Ltd., is based in Xiamen, China. The systems will be added to KaiStar’s current installed base of Veeco MOCVD systems as part of their 2013 capacity expansion plan.

Mr. MJ Jou, President of Epistar Corporation, commented, “This latest capacity expansion is based on our customers’ growing demand for LEDs for backlighting and general illumination applications. We have been delighted with the performance of Veeco’s production-proven MOCVD systems, which provide high productivity and low cost of ownership. Combined with their excellent service and support, it was an easy decision for us to again turn to Veeco for our manufacturing ramp.”

William J. Miller, Ph.D, Veeco’s Executive Vice President, commented, “We are gratified that KaiStar has again chosen Veeco as their MOCVD supplier of choice as they ramp production. As always, we are committed to help them achieve their manufacturing goals.”

About the TurboDisc MaxBright M MOCVD Multi-Reactor System

Veeco’s TurboDisc MaxBright M GaN MOCVD Multi-Reactor System is the industry’s highest footprint efficiency MOCVD system designed to manufacture high quality, high brightness light emitting diodes. The MaxBright M provides up to 15% improved footprint efficiency, easier serviceability and offers flexible layout configurations compared to the original MaxBright. For more information about Veeco’s suite of MOCVD systems visit: www.veeco.com/mocvd

About KaiStar Lighting (Xiamen) Co., Ltd.

KaiStar, a joint venture between Epistar Corporation and Shenzhen Kaifa Technology Co., Ltd., has registered capital of $120 million. The Company plans to focus on the lighting market through the production of InGaN LEDs for lighting and backlighting applications, lamps and automotive products.

1 of 2

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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG

Markets

DOW 18,093.35 +81.41 0.45%
S&P 500 2,113.25 +3.65 0.17%
NASDAQ 5,098.2490 +21.7250 0.43%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs