About the University of WaterlooThe University of Waterloo is a leading comprehensive university with 34,000 full- and part-time students in undergraduate and graduate programs. Consistently ranked Canada’s most innovative university, Waterloo is home to advanced research and teaching in science and engineering, health, environment, arts and social sciences. For more information about the University of Waterloo, please visit http://uwaterloo.ca/ 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.
Veeco Instruments Inc. (Nasdaq: VECO) announced today that the University of Waterloo, located at the heart of Canada’s technology hub, has purchased a GEN10® Molecular Beam Epitaxy system for its recently opened Quantum-Nano Centre (QNC) hosting the Waterloo Institute for Nanotechnology (WIN) and the Institute for Quantum Computing (IQC). The system will be installed in the new MBE laboratory being established by Professor Zbig Wasilewski, Endowed Nanotechnology Chair at WIN. According to Professor Wasilewski, “MBE technology is rich in its application across several fields of study that we are focusing on here at WIN and IQC. After thorough evaluation, we thought the GEN10 was the best choice due to its flexible cluster architecture, system design details, full automation and relatively small footprint. It ideally fits our needs across many research frontiers. Also, given the importance of effusion cells to our research, we thought Veeco would be a great choice given their expertise and our history with their cells.” Jim Northup, Vice President, General Manager of Veeco’s MBE Operations, commented, “Our team is very excited that the University of Waterloo has selected the GEN10 as its first piece of equipment to be installed at the new Quantum-Nano Center. It’s a great example of how Veeco’s state of the art MBE technology continues to remain at the forefront of broad based research around the world.” The Mike & Ophelia Lazaridis Quantum-Nano Centre opened in the fall of 2012. The QNC is dedicated to allowing faculty and students to pursue quantum information and nanotechnology research at the highest level. Shared between the Institute of Quantum Computing and the Waterloo Institute of Nanotechnology, the building fosters cross-disciplinary collaboration in its many common areas, lounges and meeting rooms. To watch a video on the new site you can visit: http://www.youtube.com/watch?v=cAZXcVLMMG0. About the GEN10 R&D MBE System Veeco’s GEN10 System is the most economical, flexible, cluster MBE system available today. The system allows for up to three configurable, material specific growth modules, enabling high system utilization with multiple researchers simultaneously performing unattended growths and calibrations. This combined with Veeco’s world-class source technology are why the MBE community is choosing the GEN10 across a diverse set of compound semiconductor research applications.