PLAINVIEW, NY --(Marketwired - July 24, 2017) - Veeco Instruments Inc. (
UV-C LEDs are free of harmful mercury compared to typically 20-200 milligrams of mercury found in traditional UV lamps used in these applications. They also require minimal energy to operate and have longer life cycles compared to other purification and disinfection lighting methods. The value of the global market for UV-C LEDs used in sterilization and purification equipment is growing at a CAGR of 56% from US$28 million in 2016 to US$257 million in 2021, according to the 2016~2021 UV LED and IR LED Application Market Report by LEDinside, a division of TrendForce.
"We see enormous opportunity in our focused markets and we need superior MOCVD technology to accomplish our goals," said Mr. Morten Froseth, Chief Executive Officer, CrayoNano. "Veeco's Propel system offers us the unique opportunity to scale to 200 mm graphene wafer sizes while maintaining superior uniformity, low manufacturing costs and long run campaigns."
Veeco's Propel Power GaN MOCVD system is capable of processing single 200 mm wafers or smaller (e.g., two-inch) in batch mode. The system is based on Veeco's TurboDisc® technology including the IsoFlange™ and SymmHeat™ breakthrough technologies, which provide homogeneous laminar flow and uniform temperature profile across each wafer, up to 200 mm in size.
"The Propel Power GaN system is the best choice to deposit advanced GaN-based structures, including complex semiconductor nanowires on graphene substrates with strict process demands," said Peo Hansson, Ph.D., Veeco's Senior Vice President, General Manager, MOCVD. "Our Propel system offers industry leading uniformity and process cycle time, therefore providing superior productivity compared to other technologies. As a leading global supplier of MOCVD systems, we look forward to supporting CrayoNano and their research activities."
About CrayoNano
CrayoNano is a nanotechnology company specializing in developing optoelectronic devices based on semiconductor nanowires on graphene substrates. The Company originates from several years of research headed by prof. Helge Weman and prof. Bjørn-Ove Fimland at the Department of Electronic Systems at the Norwegian University of Science and Technology (NTNU) in Trondheim. The CrayoNano team is widely recognized as one of the world's leading teams within next generation nanoscale semiconductor materials and devices for optoelectronics applications. CrayoNano AS was founded in June 2012. Read more here http://crayonano.com/ .
About Veeco
Veeco (
Veeco Contacts : Investors: Sam Maheshwari 516-307-0864 investorrelations@veeco.com Media: Jeffrey Pina 516-677-0200 x1222 jpina@veeco.com CrayoNano Contacts: Morten Froseth CEO +47 402 26 551 morten.froseth@crayonano.com Helge Weman CTO +47 918 97 658 helge.weman@crayonano.com
