PLAINVIEW, N.Y.--(BUSINESS WIRE)--Veeco Instruments Inc. (Nasdaq:VECO) announced today that its TurboDisc® EPIK700™ Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) System won the Compound Semiconductor (CS) Industry Innovation Award for the highest distinction in compound semiconductor manufacturing over the last 12 months.
The CS Industry Innovation Award, which is based on an industry-wide nominating and voting process, recognizes success and development along the entire value chain of the compound semiconductor industry from research to completed device, focusing on the people, processes and products that drive the industry forward.
“We are honored to receive the CS Manufacturing Award for Innovation for the EPIK700 MOCVD system, particularly since the award was determined by a vote of our peers, LED customers and industry,” said Jim Jenson, Senior Vice President, Veeco MOCVD. “The EPIK700 MOCVD system has the highest performance in the industry, reducing per wafer cost by up to 20 percent, and will play a significant role in the growing adoption of solid state lighting.”
The Innovation Award was awarded for the most innovative outcome from compound semiconductor manufacturing and highlights products and processes that demonstrate the most innovative approaches for pushing the technical barriers during the last year. In mid-March, the 2015 award was presented to Veeco’s Sudhakar Raman, Vice President of Marketing, MOCVD at the CS International Conference in Frankfurt, Germany.
"Making LEDs with good margins is tough in the current environment,” said Richard Stevenson, editor of Compound Semiconductor Magazine. “Increasing yield and productivity holds the key, making the latest multi-wafer tool from Veeco an attractive option."
This is the third time in four years that Veeco has won a major CS Industry Award. The TurboDisc® MaxBright® Multi-Reactor Metal Organic Chemical Vapor Deposition (MOCVD) System was awarded the Compound Semiconductor Manufacturing Award in 2012 for the best innovative technology in compound semiconductor equipment. The GENxplor™ R&D Molecular Beam Epitaxy (MBE) System won the Compound Semiconductor (CS) Industry Award for the biggest breakthrough in compound semiconductor manufacturing in 2014.
About TurboDisc EPIK700 GaN MOCVD SYSTEM
Veeco’s new breakthrough EPIK700 MOCVD system is the LED industry’s highest productivity MOCVD system that reduces cost per wafer by up to 20 percent compared to previous generations. Available in one-and two-reactor configurations, EPIK700 features breakthrough technologies including the new IsoFlange™ and TruHeat™ technologies that provide homogeneous laminar flow and uniform temperature profile across the entire wafer carrier. These technological innovations produce wavelength uniformity to drive higher yields in a tighter bin. EPIK700 offers a 2.5x throughput advantage over other systems due to its large reactor size. Designed for mass production, EPIK700 accommodates 31x4”, 12x6” and 6x8” wafer carrier sizes. Customers can easily transfer processes from existing TurboDisc systems to the new EPIK700 MOCVD platform for quick-start production of high quality LEDs. Because of the flexible EPIK700 MOCVD platform, more upgrades, added benefits and future enhancements will continue to differentiate this world-class system.
Veeco’s process equipment solutions enable the manufacture of LEDs, flexible OLED displays, power electronics, compound semiconductors, hard drives, semiconductors, MEMS and wireless chips. We are the market leader in MOCVD, MBE, Ion Beam, Wet Etch single wafer processing and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please visit 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, 2014 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.