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Sanan Optoelectronics Expands LED Production Capacity With Veeco MOCVD Systems

Stocks in this article: VECO

Veeco Instruments Inc. (Nasdaq: VECO) announced today that Sanan Optoelectronics Co. Ltd., the largest LED manufacturer in China, has placed a multi-tool order for Veeco’s TurboDisc® MaxBright® M™ Metal Organic Chemical Vapor Deposition (MOCVD) Systems in the third quarter of 2013. The multi-reactor systems will be used to ramp production of LEDs in their Xiamen, China fab for applications including backlighting and general illumination.

Mr. Zhiqiang Lin, Chief Executive Officer of Sanan, commented, “Veeco has been and remains our MOCVD supplier of choice. As we were selecting equipment for our new phase of expansion, it was evident that the MaxBright M would give us the best footprint efficiency to maximize space and productivity in our Xiamen fab. Veeco has been a great partner for us since as we have solidified our position as the top LED manufacturer in China and as we have increased our business outside of China as well.”

William J. Miller, Ph.D., Veeco’s Executive Vice President, commented, “We are pleased to continue our partnership with Sanan and look forward to supporting their expansion plans. According to IHS - IMS Research, a leading LED industry research firm, China remains the largest region in LED chip production with the most potential for adoption across all lighting applications. We believe Sanan is well positioned to capitalize on that growth.”

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 Sanan Optoelectronics Co. Ltd.

Sanan Optoelectronics Co. Ltd. is the largest manufacturer of LEDs in China. They are engaged in the design, development, manufacture and distribution of full color ultra-high brightness (UHB) LEDs, epitaxial wafers, photo-diode detectors and compound solar cells. The company is headquartered in Xiamen, PRC. They are traded on the Shanghai Stock Exchange (ticker: 600703). For more information, visit http://www.sanan-e.com/en/.

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.

Copyright Business Wire 2010

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