Epistar Chooses Veeco’s K465i MOCVD System for Development of LEDs on Silicon Wafers

Published on Monday, 06 February 2012 16:20 Written by TradersHuddle Staff

PLAINVIEW, N.Y.-( Business Wire )-

Veeco Instruments Inc. (Nasdaq: VECO) announced today that Epistar Corporation, headquartered in Taiwan, recently selected the K465i^TM TurboDisc® gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) System for development of light emitting diodes (LEDs) grown on silicon substrates.

M. J. Jou, Ph.D., President of Epistar, commented, “We are pleased to choose Veeco’s K465i as our GaN-on-Si development tool. We are excited about the potential of GaN-on-Si technology as we move to larger wafer sizes. We appreciate the strong support from Veeco, and look forward to this collaboration.”

William J. Miller, Ph.D., Veeco’s Executive Vice President, Process Equipment, commented, “We are very pleased that Epistar has chosen the K465i, which provides low cost-of-ownership and production worthiness, for its GaN-on-Si LED development. Large diameter Si wafers offer tremendous promise as a low cost alternative to sapphire for volume production of lower cost LEDs.”

For further information on the K465i please visit Veeco at http://www.veeco.com/products/mocvd.aspx

About Epistar Corporation

Epistar Corporation, located in the Hsinchu Science-based Industrial Park, Taiwan, manufactures high brightness LEDs of compact size, low power consumption and long operation life. They are widely used in areas such as fax machines, scanner lighting, automotive interior and exterior lighting, LCD backlighting, outdoor/indoor displays, traffic signals, indicators for various consumer electronic equipment and eventually light sources for general illumination. Epistar has successfully commercialized the full spectrum range of high brightness LEDs. http://www.epistar.com.tw/about-e.htm

About Veeco

Veeco makes equipment to develop and manufacture LEDs, solar cells, hard disk drives and other devices. We support our customers through product development, manufacturing, sales and service sites in the U.S., Korea, Taiwan, China, Singapore, Japan, Europe and other locations. Please visit us at 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, 2010 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.Financial:Debra WasserSVP Investor Relations & Corporate Communications516-677-0200 x1472orMedia:Fran BrennenSenior Director Marcom516-677-0200 x1222