Neo-Neon Places Initial Order for Veeco K465i MOCVD System

Veeco Instruments Inc. announced today that Neo-Neon Holdings Ltd., a leading lighting company listed on the Hong Kong exchanges, has ordered its first Veeco TurboDisc(R) K465i Metal Organic Chemical Vapor Deposition (MOCVD) system to support its LED manufacturing capacity ramp at its JiangMen, China factory. Veeco received the order during the recently completed second quarter.

Dr. Jurgen Yeh, Chief Technology Officer, commented, "Neo-Neon plans to expand our LED wafer output seven-fold over the next three years. We have decided to include Veeco's K465i MOCVD system in our plans due to its proven high productivity as well as the recent uniformity and repeatability advances that Veeco has achieved. We intend to move quickly to expand our position in the general illumination market, and require supplier partners that can keep pace with our plans." To fund its expansion, Neo-Neon has recently raised NT$2.06 billion (U.S. $64 million) through a share issuance in Taiwan.

Bill Miller, Ph.D., Senior Vice President, General Manager of Veeco's MOCVD Operations, commented, "Neo-Neon is a recognized LED industry leader with a diversified product range and broad customer base. We are therefore gratified to be a part of their capacity expansion plans."

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