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Chinese Solid State Lighting Company Selects Veeco's New MOCVD System for High Volume LED Production

Focus Lightings Tech Orders Multiple TurboDisc EPIK 868 Systems to Boost Production Capabilities

PLAINVIEW, NY--(Marketwired - December 06, 2017) - Veeco Instruments Inc. (NASDAQ: VECO) announced today that it has received an order for multiple TurboDisc® EPIK® 868 Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) systems from Focus Lightings Tech Co Ltd. The MOCVD systems will be shipped to Focus Lightings' Suzhou, China manufacturing facility for the production of high-volume light emitting diodes (LEDs) for general lighting and display applications.

"Veeco's new EPIK 868 MOCVD system continues their longstanding reputation of offering significant performance, advantages and exceptional process efficiency compared to the competition," said Mr. Pan Huarong, Chairman of Focus Lightings Tech Co Ltd. "Adding these systems to our manufacturing facility and utilizing Veeco's unique process know-how will provide us with a major competitive advantage."

Since its introduction in September of this year, Veeco has shipped several large orders of the EPIK 868 platform to Chinese customers. The EPIK 868 MOCVD system offers customers a four-reactor platform with Veeco's proprietary TurboDisc technology for the highest productivity and a 35% footprint reduction compared to the competition. Furthermore, the wafer carrier capacity can be increased for even greater throughput per batch.

"We are pleased Focus Lightings chose our latest MOCVD platform for their production ramp plans, adding to their existing install base of Veeco systems," said Peo Hansson, Ph.D., Senior Vice President and General Manager, Veeco MOCVD Operations. "The EPIK 868 was designed for the China market enabling greater productivity and even lower cost of ownership on a reliable and leading-edge MOCVD platform. We have received terrific feedback from customers regarding the new platform and we look forward to supporting Focus Lightings' growth plans."

About Focus Lightings

After a 2014 restructuring, the main business of Focus Lightings is LED epitaxial wafers and chip research and development, production and sales operations and on LED lighting applications for energy management services. Since its inception, Focus Lightings has formed a corporate culture represented by continuous, common cognitive learning system and positive innovation of all staff. Learn more at www.focuslightings.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.

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, 2016 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.

Veeco Instruments Inc.
Investors: Sam Maheshwari | 516-307-0864 | [email protected]
Media: Jeffrey Pina | 516-677-0200 x1222 | [email protected]

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