Veeco Instruments Incorporated (VECO)

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Veeco TurboDisc K465 GaN MOCVD Tool Accepted by Leading Japanese Device Manufacturer
Thursday February 21, 8:00 am ET

WOODBURY, N.Y.--(BUSINESS WIRE)--Veeco Instruments Inc. (Nasdaq: VECO - News) announced today that a leading Japanese high brightness light emitting diode (HB-LED) manufacturer has process accepted the TurboDisc® K465™ gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) System to support their capacity expansion of blue HB-LEDs. This manufacturer received the tool in December and, with Veeco’s support, was able to install and process accept the tool by the end of January.

Sam DiRenzo, Vice President, General Manager of Veeco's MOCVD Operations commented, “Demand for GaN-based blue LEDs is expected to grow at the annual rate of nearly 20% over the next five years, mainly due to market drivers such as signs and displays, automotive, general illumination and LCD backlighting. We are pleased that this customer has chosen our TurboDisc K465, the industry’s highest throughput MOCVD tool, for their capacity expansion.”

The new TurboDisc K465 GaN MOCVD System features Veeco's most advanced TurboDisc reactor technology and delivers the industry's highest throughput available today for high volume production of GaN-based blue and green LEDs. Veeco's TurboDisc "K-Series" MOCVD platform includes the K300 and K465 models, offering a modular, upgradeable path to higher throughput, larger diameter reactor chamber and reduced cost of ownership.

About Veeco

Veeco Instruments Inc. manufactures Process Equipment and Metrology and Instrumentation solutions for the data storage, HB-LED, solar, wireless, semiconductor and scientific research markets. Veeco’s manufacturing and engineering facilities are located in New York, New Jersey, California, Colorado, Arizona and Minnesota. Global sales and service offices are located throughout the U.S., Europe, Japan and APAC. http://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, 2006 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.


Contact:

Veeco Instruments Inc.
Investor:
Deb Wasser, 1-516-677-0200 x 1472
SVP Investor Relations
or
Trade Media:
Fran Brennen, 1-516-677-0200 x1222
Senior Director of Marcom

Source: Veeco Instruments Inc.

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