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Veeco Authorizes $100 Million Share Repurchase Program

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PLAINVIEW, NY -- (Marketwired) -- 12/11/17 -- Veeco Instruments Inc. (NASDAQ: VECO) announced that its Board of Directors has authorized the repurchase of up to $100 million of the Company's outstanding common stock to be completed over the next two years. Repurchases are expected to be made from time to time on the open market or in privately negotiated transactions in accordance with applicable federal securities laws. The timing of repurchases and the exact number of shares of common stock to be purchased will depend upon market conditions, SEC regulations, and other factors. The repurchases will be funded using the Company's available cash balances and cash generated from future operations. The program ... Read More
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Veeco Provides Update on Patent Litigation

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PLAINVIEW, NY -- (Marketwired) -- 12/07/17 -- Veeco Instruments Inc. (NASDAQ: VECO) provided the following update on its two patent infringement lawsuits: Veeco vs SGL Carbon On April 12, 2017, Veeco filed a patent infringement complaint in the U.S. District Court for the Eastern District of New York ("EDNY") against SGL Carbon, LLC and SGL Carbon SE (collectively, "SGL"), alleging infringement of patents relating to wafer carrier technology used in metal organic chemical vapor deposition ("MOCVD") equipment. The complaint alleges that SGL infringes Veeco's patents by making and selling certain wafer carriers to Veeco's competitor, Advanced Micro-Fabrication Equipment, Inc. ("AMEC").... Read More
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Chinese Solid State Lighting Company Selects Veeco’s New MOCVD System for High Volume LED Production

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Focus Lightings Tech Orders Multiple TurboDisc EPIK 868 Systems to Boost Production Capabilities PLAINVIEW, NY -- (Marketwired) -- 12/06/17 -- 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... Read More
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Veeco Preliminary Injunction Confirmed After Challenge

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Supplier barred from selling wafer carriers for competitor's MOCVD tools PLAINVIEW, NY -- (Marketwired) -- 11/16/17 -- Veeco Instruments Inc. (NASDAQ: VECO) announced today that the United States District Court for the Eastern District of New York has denied SGL Carbon, LLC's (SGL) motion to suspend the November 2, 2017 preliminary injunction issued by the court prohibiting SGL's sale of wafer carriers for use in MOCVD systems made by Advanced Micro-Fabrication Equipment Inc. (AMEC). SGL had filed a motion requesting that the court suspend, or "stay," the preliminary injunction pending a forthcoming appeal by SGL to the U.S. Court of Appeals for the Federal Circuit (CAFC). "We are pleased that the cou... Read More
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Veeco Wins Preliminary Injunction in Patent Infringement Lawsuit

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Ruling prohibits supplier from selling wafer carriers for competitor's MOCVD tools PLAINVIEW, NY -- (Marketwired) -- 11/02/17 -- Veeco Instruments Inc. (NASDAQ: VECO) announced today that the United States District Court for the Eastern District of New York granted Veeco's motion for a preliminary injunction against SGL Carbon, LLC (SGL), a supplier of wafer carriers to Advanced Micro-Fabrication Equipment Inc. (AMEC). The injunction prohibits the sale of wafer carriers by SGL for use in susceptorless Metal Organic Chemical Vapor Deposition (MOCVD) systems using Veeco's patented technology, including wafer carriers designed for AMEC MOCVD systems. "This ruling affirms the strength of Veeco's intellect... Read More

Veeco Reports Third Quarter 2017 Financial Results

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PLAINVIEW, NY -- (Marketwired) -- 11/02/17 -- Third Quarter 2017 Highlights: Revenues of $131.9 million, compared with $85.5 million in the same period last year GAAP net loss of $21.9 million, or $0.47 per share Non-GAAP net income of $4.3 million, or $0.09 per diluted share Veeco Instruments Inc. (NASDAQ: VECO) today announced financial results for its third fiscal quarter ended September 30, 2017. Results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and are also reported adjusting for certain items ("Non-GAAP"). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release. ----... Read More

Veeco Announces Date for Third Quarter 2017 Financial Results and Upcoming Investor Relations Events

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PLAINVIEW, NY -- (Marketwired) -- 10/12/17 -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its third quarter 2017 financial results after the market close on Thursday, November 2, 2017. The company will host a conference call to review these results starting at 5:00pm ET that day. To join the call, dial 1-800-263-0877 (toll free) or 1-323-701-0225 and use passcode 7119567. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00pm ET that same evening. ... Read More
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Veeco Ships Next Generation MOCVD Systems to China for High Volume LED Production

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New TurboDisc EPIK 868 MOCVD system surpasses EPIK 700 as the most productive and cost effective tool in the industry PLAINVIEW, NY -- (Marketwired) -- 09/25/17 -- Veeco Instruments Inc. (NASDAQ: VECO) announced today that it has shipped multiple TurboDisc® EPIK® 868 Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) systems to several leading Chinese LED manufacturers for the production of light emitting diodes (LEDs) for solid state lighting applications. Compared to previous generations, the EPIK 868 MOCVD system enables cost per wafer savings of more than 20% with a combined advantage of best operating uptime, low mai... Read More
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Veeco Reports Second Quarter 2017 Financial Results

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PLAINVIEW, NY -- (Marketwired) -- 08/03/17 -- Second Quarter 2017 Highlights: Revenues of $115.1 million, compared with $75.3 million in the same period last year GAAP net loss of $18.4 million, or $0.43 per share Non-GAAP net income of $6.4 million, or $0.15 per share Non-GAAP adjusted EBITDA of $12.8 million Completed acquisition of Ultratech, Inc., a leading supplier of lithography, laser-processing and inspection systems addressing the advanced packaging, front-end semiconductor and LED markets Veeco Instruments Inc. (NASDAQ: VECO) today announced financial results for its second fiscal quarter ended June 30, 2017. Results are reported in accordance with U.S. gen... Read More
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Leading UV-C Led Research Company Selects Veeco MOCVD System for Nanowire on Graphene Development

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PLAINVIEW, NY -- (Marketwired) -- 07/24/17 -- 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 disinfectio... Read More
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Veeco CNT Ships 500th ALD System

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North Carolina State University receives milestone shipment reinforcing industry reliance on Veeco CNT for ALD technology research and development   ALD Conference 2017 (Booth #23) DENVER—(July 17, 2017)—Veeco Instruments Inc. (NASDAQ: VECO) today announced that Veeco CNT, formerly known as Ultratech/Cambridge Nanotech, shipped its 500th Atomic Layer Deposition (ALD) system to North Carolina State University. The Veeco CNT Fiji® G2TM ALD System will enable the University to perform a variety of research applications for next generation electronic devices, including high-performance wearables and sensors.  “The Veeco CNT Fiji G2 ALD system will be a critical tool to meet o... Read More

Veeco Announces Date for Second Quarter 2017 Financial Results and Conference Call

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PLAINVIEW, NY -- (Marketwired) -- 07/13/17 -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its second quarter 2017 financial results after the market close on Thursday, August 3, 2017. The company will host a conference call to review these results starting at 5:00pm ET that day. To join the call, dial 1-877-857-6151 (toll free) or 1-719-325-4934 and use passcode 7191473. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00pm ET that same evening.... Read More
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Veeco Completes Acquisition of Ultratech

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Accretive acquisition creates a leading equipment supplier to the growing Advanced Packaging industry PLAINVIEW, NY -- (Marketwired) -- 05/26/17 -- Veeco Instruments Inc. (NASDAQ: VECO), a global leader of advanced thin film etch and deposition process equipment, today announced the successful completion of its acquisition of Ultratech, Inc. (NASDAQ: UTEK), a leading supplier of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and LEDs. "We are excited to complete this strategic transaction, which establishes Veeco as a leading equipment supplier to the growing Advan... Read More
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Veeco Reports First Quarter 2017 Financial Results

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PLAINVIEW, NY -- (Marketwired) -- 05/04/17 -- First Quarter 2017 Highlights: Revenues of $94.4 million, up 21% compared with the same period last year GAAP earnings per share of $0.03, and non-GAAP earnings per share of $0.09 Non-GAAP adjusted EBITDA of $7.3 million Announced agreement to acquire Ultratech, Inc., a leading supplier of lithography, laser-processing and inspection systems addressing the advanced packaging, semiconductor and LED industries Veeco Instruments Inc. (NASDAQ: VECO) today announced financial results for its first fiscal quarter ended March 31, 2017. Results are reported in accordance with U.S. generally... Read More

Veeco Announces Date for First Quarter 2017 Financial Results and Conference Call

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PLAINVIEW, NY -- (Marketwired) -- 04/18/17 -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its first quarter 2017 financial results after the market close on Thursday, May 4, 2017. The company will host a conference call to review these results starting at 5:00pm ET that day. To join the call, dial 1-877-741-4251 (toll free) or 1-719-325-4760 and use passcode 3255654. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00pm ET that same evening. ... Read More
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Veeco and Ultratech Announce Early Termination of Hart-Scott-Rodino Waiting Period

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[responsivevoice_button voice="US English Female" buttontext="Play"] / Go to Source Article PLAINVIEW, NY and SAN JOSE, CA -- (Marketwired) -- 02/21/17 -- Veeco Instruments Inc. (NASDAQ: VECO), a global leader of advanced thin film etch and deposition process equipment, and Ultratech, Inc. (NASDAQ: UTEK), a leading supplier of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and LEDs, today announced that, on February 17, 2017, Veeco Instruments Inc. ("Veeco") and Ultratech, Inc. ("Ultratech") received ... Read More
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Veeco Announces Pricing of Upsized Public Offering of Convertible Senior Notes Due 2023

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[responsivevoice_button voice="US English Female" buttontext="Play"] / Go to Source Article PLAINVIEW, NY -- (Marketwired) -- 01/11/17 -- Veeco Instruments Inc. (NASDAQ: VECO) today announced the pricing of its public offering of $300 million aggregate principal amount of its 2.70% Convertible Senior Notes due 2023 (the "Notes"). The offering was upsized to $300 million aggregate principal amount of the Notes from the original offering size of $200 million aggregate principal amount of the Notes. Veeco granted the underwriters a 30-day option ... Read More
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Veeco Announces Public Offering of $200 Million of Convertible Senior Notes Due 2023

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[responsivevoice_button voice="US English Female" buttontext="Play"] / Go to Source Article PLAINVIEW, NY -- (Marketwired) -- 01/10/17 -- Veeco Instruments Inc. ("Veeco") (NASDAQ: VECO) today announced that it commenced an underwritten public offering of $200 million aggregate principal amount of Convertible Senior Notes due 2023 (the "Notes"). Veeco expects to grant the underwriters a 30-day option to purchase up to an additional $30 million aggregate principal amount of Notes on the same terms and conditions, solel... Read More
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Veeco Reports Preliminary Fourth Quarter and Full Year 2016 Financial Results

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[responsivevoice_button voice="US English Female" buttontext="Play"] / Go to Source Article PLAINVIEW, NY -- (Marketwired) -- 01/10/17 -- Veeco Instruments Inc. ("Veeco") (NASDAQ: VECO) today announced preliminary financial results for its fourth quarter and fiscal year ended December 31, 2016. Results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and are also reported adjusting for certain items ("Non-GAAP"). A reconciliation between GAAP and Non-GAAP results is provided at the end of this press release. ... Read More
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Veeco Sells Systems for New LED Production Facility in Malaysia

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[responsivevoice_button voice="US English Female" buttontext="Play"] / Go to Source Article Multi-Year Agreement Declares Veeco Sole Provider of MOCVD and PSP Manufacturing Technology PLAINVIEW, NY -- (Marketwired) -- 12/19/16 -- Veeco Instruments Inc. (NASDAQ: VECO) announced today that OSRAM Opto Semiconductors GmbH has completed an agreement naming Veeco as the supplier for Metal Organic Chemical Vapor Deposition (MOCVD) and Precision Surface Processing (PSP) systems needed for high-volume LED production in Kulim. As part of the agree... Read More
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Veeco Reports Third Quarter 2016 Financial Results

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[responsivevoice_button voice="US English Female" buttontext="Play"] / Go to Source Article PLAINVIEW, NY -- (Marketwired) -- 11/01/16 -- Veeco Instruments Inc. (NASDAQ: VECO) Third Quarter 2016 Results Summary: Recognized revenue of $85.5 million GAAP net loss per share of $1.78, includes pre-tax restructuring and asset impairment charges of $57.8 million Narrowed non-GAAP net loss per share to $0.05 Achieved positive non-GAAP adjusted EBITDA of $2.9 million Generated $7 million in cash from operations... Read More
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Veeco Announces Date for Third Quarter 2016 Financial Results and Conference Call

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PLAINVIEW, NY -- (Marketwired) -- 10/11/16 -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its third quarter 2016 financial results after the market close on Tuesday, November 1, 2016. The company will host a conference call to review these results starting at 5:00pm ET that day. To join the call, dial 1-888-430-8709 (toll free) or 1-719-325-2448 and use passcode 6493222. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00pm ET that same evening. About Veeco... Read More
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Veeco Announces Reduction in ALD Technology Investments and Guides Third Quarter 2016 Revenue to High End of Guidance Range

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PLAINVIEW, NY -- (Marketwired) -- 10/05/16 -- Significantly reducing future investments in Atomic Layer Deposition ("ALD") technology development ALD cost reductions expected to result in annualized savings of approximately $10 million Expecting to record pre-tax charges of between $56 and $62 million in Q3 2016, the vast majority of which are non-cash impairment charges Expecting Q3 2016 revenue to be at the high end of previously announced guidance range of $70 million to $85 million Veeco Instruments Inc. (NASDAQ: VECO) today announced additional cost reduction initiatives with the decision to significantly reduce future investments in its Atomic Layer Deposition ... Read More
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Leading Chinese Led Manufacturer Orders Veeco MOCVD Systems for High Volume Production

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PLAINVIEW, NY -- (Marketwired) -- 09/12/16 -- Veeco Instruments Inc. (NASDAQ: VECO) announced today that HC SemiTek Corporation, one of China's leading solid state lighting manufacturers, has ordered multiple TurboDisc® EPIK™ 700 GaN (Gallium Nitride) Metal Organic Chemical Vapor Deposition (MOCVD) Systems and the TurboDisc K475i™ As/P (Arsenic Phosphide) MOCVD System for production of light emitting diodes (LEDs). According to HC SemiTek, the systems were ordered based on the award-winning EPIK platform and their own experience with other Veeco MOCVD reactors, including the TurboDisc MaxBright®, K465i™ and K475™ MOCVD systems. The EPIK and K475i systems will be installed to meet market demand driven by the need for high... Read More
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Veeco Receives Milestone Order for its Industry Leading MBE R&D System

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Technion – Israel Institute of Technology Purchases the 25th GENxplor R&D MBE System Plainview, N.Y., September 1, 2016 – Veeco Instruments Inc. (Nasdaq: VECO) announced today that it has received an order to deliver the 25th GENxplor™ R&D Molecular Beam Epitaxy (MBE) System to Technion, the Israel Institute of Technology based in Haifa, Israel.   Introduced in August 2013, the GENxplor system is the number one selling R&D MBE system to universities and research institutions.The system will be used by the Oxide Electronics Group for the epitaxial growth of high-quality oxide materials for their development into applications, including next-generation logic, memory, sensing, and optoelectronics d... Read More
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Epistar Orders Multiple Veeco EPIK 700 MOCVD Systems to Meet Demand for LED Lighting Applications

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PLAINVIEW, NY -- (Marketwired) -- 08/11/16 -- Veeco Instruments Inc. (NASDAQ: VECO) announced today that Epistar Corporation (TSE: 2448) has ordered multiple TurboDisc® EPIK™ 700 Gallium Nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) Systems for the production of light emitting diodes (LEDs). The Veeco systems will be used to meet demand for various applications. "The improved demand of solid state lighting combined with the need to compete in a competitive market dictates we choose the most productive and most cost-efficient MOCVD platform in the industry," said Dr. MJ Jou, President, Epistar Corporation. "Veeco has been our supplier of choice dating back to their innovative K465i system. After adopting their la... Read More
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Veeco Announces Upcoming Investor Events

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PLAINVIEW, NY -- (Marketwired) -- 08/02/16 -- Veeco Instruments Inc. (NASDAQ: VECO) today announced that management is scheduled to present at the following webcasted investor conferences: Canaccord Growth Conference at the InterContinental Hotel in Boston, MA on Wednesday, August 10, 2016 at 1:00 PM ET Deutsche Bank Technology Conference at the Encore at Wynn Las Vegas in Las Vegas, NV on Wednesday, September 14, 2016 at 5:40 PM ET The presentations will be broadcast live and can be accessed on the investor relations section of Veeco's website at ir.veeco.com. A webcast replay will be made available on the website... Read More
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Veeco Reports Second Quarter 2016 Financial Results

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PLAINVIEW, NY -- (Marketwired) -- 08/01/16 -- Second Quarter 2016 Results Summary: Revenues of $75.3 million GAAP net loss per share of $0.82, includes a pre-tax charge of ~$16 million associated with the restructuring plans Non-GAAP net loss per share of $0.19 Non-GAAP adjusted EBITDA of negative $2.8 million Veeco Instruments Inc. (NASDAQ: VECO) today announced financial results for its second fiscal quarter ended June 30, 2016. Results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and are also reported adjusting for certain items ("Non-GAAP"). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of thi... Read More
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Veeco Appoints Kathleen Bayless to Its Board of Directors

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PLAINVIEW, NY -- (Marketwired) -- 07/21/16 -- Veeco Instruments Inc. (NASDAQ: VECO) today announced the appointment of Kathleen Bayless to its Board of Directors and its Audit Committee. From 2009 until her retirement in 2015, Ms. Bayless served as Senior Vice President and Chief Financial Officer of Synaptics, a leader in human interface technology, including touch, display and biometric semiconductor products used in the mobile, PC and automotive industries. Before Synaptics, Ms. Bayless spent 13 years at Komag Incorporated, a leading supplier of thin-film disks to the hard disk drive industry, where she served as Executive Vice President, Secretary and Chief Financial Officer. Prior to Komag, Ms. Bayless served 15 years with Er... Read More
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Veeco Announces Date for Second Quarter 2016 Financial Results and Conference Call

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PLAINVIEW, NY -- (Marketwired) -- 07/12/16 -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its second quarter 2016 financial results after the market close on Monday, August 1, 2016. The company will host a conference call to review these results starting at 5:00pm ET that day. To join the call, dial 1-888-455-2296 (toll free) or 1-719-325-2454 and use passcode 7244577. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00pm ET that same evening. About Veeco Veeco's process equipment s... Read More
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Veeco Delivers Quest Broadband Monitor System to Accelerate Optical Coating Production

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Plainview, N.Y., June 21, 2016 -- Veeco Instruments Inc. (Nasdaq: VECO) announced today that Evaporated Coatings, Inc., (ECI) has qualified Veeco's Quest™ Optical Broadband Monitor System for the production of high-end optical coatings on a Veeco SPECTOR® Ion Beam Sputtering (IBS) system. ECI, a leading manufacturer of thin film optical coatings and long-time customer of Veeco, specializes in high-end, custom-designed solutions for glass, plastics, fibers, molded polymers, optics, metal, semiconductors, and crystals. ECI operates multiple Veeco SPECTOR IBS systems in their Willow Grove, PA production facility."Veeco's ion beam sputtering technology has been an essential part of our optical coating business," said Robert Schaff... Read More