Leading UV-C Led Research Company Selects Veeco MO

PLAINVIEW, NY --(Marketwired - July 24, 2017) - Veeco Instruments Inc. ( NASDAQ : VECO ) announced today that CrayoNano AS, research leader for ultraviolet short wavelength light emitting diodes (UV-C LEDs), has ordered the Propel® Power Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) System. CrayoNano will use the system to grow semiconductor nanowires on graphene for water disinfection, air purification, food processing and life science applications.

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 ( NASDAQ : VECO ) is a leading manufacturer of innovative semiconductor process equipment. Our proven MOCVD, lithography, laser annealing, ion beam and single wafer etch & clean technologies play an integral role in producing LEDs for solid-state lighting and displays, and in the fabrication of advanced semiconductor devices. With equipment designed to maximize performance, yield and cost of ownership, Veeco holds technology leadership positions in all these served markets. To learn more about Veeco's innovative equipment and services, visit www.veeco.com .