Veeco Wins Multiple Unit Order for MOCVD Systems from Genesis Photonics

Veeco Instruments Inc. (Nasdaq: VECO) today announced that Taiwan based Genesis Photonics Inc. (GPI) has placed a multi-unit order for Veeco's recently released TurboDisc(R) MaxBright(TM) Multi-reactor MOCVD System. GPI will use the systems to increase capacity for the production of high brightness light emitting diodes (HB LEDs) being driven by applications such as backlighting, lighting, displays, and automotive.

David Chung, Chairman and CEO of GPI, commented, "We have been very pleased with the production proven performance of Veeco's K465i MOCVD systems already installed in our manufacturing facility. They helped us to achieve LED brightness higher than the industry average. By now adding Veeco's new MaxBright systems, we will further lower our LED manufacturing costs, maximize our fab space, and accelerate our productivity."

William J. Miller, Ph.D., Executive Vice President, Veeco LED & Solar, added, "It is gratifying to have the MaxBright system selected by GPI, one of Taiwan's top LED manufacturers. Our customers are resonating with the message that the MaxBright system can deliver more good LEDs for less money than other tools on the market. We are particularly pleased that GPI is choosing MaxBright, which further solidifies our relationship with this important customer as they grow their position in the LED industry."

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