Veeco Instruments Incorporated (VECO)

[Picassa]

Veeco agrees to supply CIGS equipment to Daiyang Metal Co. in multi-million dollar order

In an agreement that should see further collaboration and quite a few follow-on orders, Korea’s Daiyang Metal Co., Ltd. has selected Veeco Instruments, Inc. as its supplier of equipment for the manufacture of CIGS solar cells. Daiyang placed an initial multi-million dollar purchase order for Veeco’s FastFlex Web Coating Systems that it will use to construct a thin-film CIGS solar cell production line in Yesan, Korea.

The tool set comprises one Mo (Molybdenum) deposition system, one TCO deposition system and two CIGS deposition systems. Following the shipping of these tools at the end of 2009, it is expected that further orders from Daiyang will emerge.

Daiyang is planning an aggressive ramp-up to 200MW by 2011, with a further goal of achieving 1GW of CIGS cell production capacity by 2013.