06/28/06 - WOODBURY, N.Y. & GWANGJU, South Korea--(BUSINESS WIRE)--June 27, 2006--Veeco Instruments Inc. (Nasdaq: VECO) and Korea Photonics Technology Institute (KOPTI) announced today that they have entered into a collaborative relationship for the advancement of solid state lighting.
As part of the agreement, Veeco will place its latest generation GaNzilla(R) metal organic chemical vapor deposition (MOCVD) tool used in the manufacture of HB-LEDs, key technical experts and other process support into KOPTI's facility. The Veeco-KOPTI site will be used for research and development, training and demonstrations both for KOPTI's R&D efforts as well other Korean HB-LED manufacturers. In addition, Veeco and its LED customers would be permitted use of KOPTI's LED characterization and chip fabrication facilities. The agreement also includes potential sharing of solid state lighting technology and intellectual property which is created as a result of this collaboration.
Piero Sferlazzo, Vice President, General Manager of Veeco's MOCVD operations commented, "We are pleased to establish this partnership with KOPTI, the leader in solid state lighting technology development in Korea. KOPTI's world-class development center and close relationships with Korea's important LED manufacturers, including Samsung and LG Innotek, make it the ideal place for Veeco to establish our base of operations in the rapidly growing Asian marketplace."
Dr. Kim Tae II, President of KOPTI, said, "We have chosen Veeco for this collaboration due to their leadership position in MOCVD technology and world-class process and applications support expertise." About KOPTI
Korea Photonics Technology Institute (KOPTI) is Korea's only integrated research institution devoted to the field of photonics technology. KOPTI is dedicated to technology development in photonic semiconductor epitaxial laterial overgrowth for high-clarity LED and photonic communication LD/PD, with an aim at being a leader in Korea in the development of technology for the photonic semiconductor industry. KOPTI is engaged in active international cooperation for the establishment of high-quality photonic semiconductor technology and in active technology support in relation to the LED Test Production Support Center, in order to improve sales of Korea's specialized companies in the photonic semiconductor industry. About Veeco
Veeco Instruments Inc. provides solutions for nanoscale applications in the worldwide semiconductor, data storage, HB-LED/wireless and scientific research markets. Our Metrology products are used to measure at the nanoscale and our Process Equipment tools help create nanoscale devices. 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 United States, Europe, Japan and Asia Pacific. Additional information on Veeco can be found at http://www.veeco.com/. |
