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.

If you liked this article you might like

Veeco Instruments-Ultratech Would Be a 'Dream' Merger

Top Pick for 2017: Universal Display Should Light the Way

Analysts' Actions -- American Eagle, Kroger, Pioneer, Wendy's and More

Insider Trading Alert - OFG, OHAI And VECO Traded By Insiders

Trade-Ideas: Veeco Instruments (VECO) Is Today's Strong On High Relative Volume Stock