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Veeco to Host Business Update Conference Call

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By Business Wirevia The Motley Fool

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Veeco to Host Business Update Conference Call

PLAINVIEW, N.Y.–(BUSINESS WIRE)– Veeco Instruments Inc. (NAS: VECO) will distribute select first quarter 2013 business highlights after the market closes on Monday, April 22, 2013. A conference call will be held at 5:00PM ET that day to review the business highlights, as well as current business conditions and outlook. Due to the Company’s ongoing revenue recognition accounting review, only select financial results will be disclosed.

For information concerning the accounting review, please see the Company’s Current Report on Form 8-K filed on March 1, 2013 by clicking here. The Company continues to conduct the review and intends to file its Forms 10-Q and 10-K as soon as reasonably practicable after these accounting matters have been resolved.


Conference call Details:

Callers should dial 1-888-539-3696 (toll free) or 1-719-785-1753 using passcode 4649475. The call will also be webcast live on the Veeco website at www.veeco.com. A replay of the call will be available beginning at 8:00pm ET that same evening through 8:00pm ET on May 6, 2013 at 888-203-1112 or 719-457-0820, using passcode 4649475, or on the Veeco website.


About Veeco

Veeco’s process equipment solutions enable the manufacture of LEDs, power electronics, hard drives, MEMS and wireless chips. We are the market leader in MOCVD, MBE, Ion Beam and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please 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, 2011 …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

World Efficiency Record for CPV Cells Achieved on Veeco MBE System

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By Business Wirevia The Motley Fool

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World Efficiency Record for CPV Cells Achieved on Veeco MBE System

PLAINVIEW, N.Y.–(BUSINESS WIRE)– Veeco Instruments Inc. (NAS: VECO) announced today that the world record for energy efficiency of a commercial-ready production solar cell by Solar Junction was achieved on its Dual GEN200® Molecular Beam Epitaxy (MBE) System.

Solar Junction, a developer of high efficiency multi-junction solar energy cells for the concentrating photovoltaics (CPV) market, reported last October that the power conversion efficiency of their CPV cells was measured at an unprecedented 44 percent at 947 suns, as verified by the National Renewable Energy Laboratory (NREL).

Homan Yuen, Ph.D., Solar Junction‘s Vice President of Research & Development, commented, “Veeco’s MBE system enables us to reach critical milestones in solar cell efficiency. Their system is instrumental in pushing the boundaries of technology to make CPV a more competitive option for solar power.”

Jim Northup, Veeco’s Vice President and General Manager, commented, “We wholeheartedly congratulate Solar Junction on their world record, and are committed to supporting their new facility’s production ramp. The GEN200 is the ideal pilot production tool, and we take great pride in providing the deposition platform for this ground-breaking result.”

The GEN200 MBE cluster-tool design provides the material source and wafer configuration flexibility for R&D or for multi-wafer production applications. The flexibility of the cluster tool design enables the GEN200 system to deliver higher throughput and lower cost per wafer, in a footprint up to 60% smaller than comparable MBE systems. It can support dual growth modules, allowing facilities to either greatly increase production or grow different materials within a single, integrated system.



About Solar Junction

Solar Junction is a manufacturer of high efficiency III-V multi-junction solar cells based on A-SLAM™ materials. The Company is dedicated to providing the industry’s highest efficiency solar cells to enable CPV as a cost effective energy solution. Founded in 2007, Solar Junction is headquartered in San Jose, California. Investors include New Enterprise Associates, Draper Fisher Jurvetson, Advanced Technology Ventures, and IQE. For more information, please visit http://www.sj-solar.com.


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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Veeco Receives NASDAQ Notice Regarding Late Form 10-K Filing

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By Business Wirevia The Motley Fool

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Veeco Receives NASDAQ Notice Regarding Late Form 10-K Filing

PLAINVIEW, N.Y.–(BUSINESS WIRE)– Veeco Instruments Inc. (NAS: VECO) announced today that it received a letter from The NASDAQ Stock Market LLC (“NASDAQ“) on March 5, 2013 notifying the Company that it is not in compliance with NASDAQ Listing Rule 5250(c)(1) because its Annual Report on Form 10-K for the year ended December 31, 2012 was not filed on a timely basis with the Securities and Exchange Commission. As previously announced, the Form 10-K, as well as the Company’s quarterly report on Form 10-Q for the quarter ended September 30, 2012, could not be filed timely because the Company is reviewing the timing of revenue recognition of MOCVD systems and related upgrades to these systems.

Veeco had previously announced that it had submitted to NASDAQ a plan to regain compliance with NASDAQ‘s requirements for continued listing and that NASDAQ had granted an extension, to May 20, 2013, for the Company to regain compliance with NASDAQ‘s requirements for continued listing. The NASDAQ letter dated March 5, 2013 requires Veeco to submit an update to its original plan to regain compliance with NASDAQ‘s filing requirements for continued listing by March 20, 2013. Veeco intends to submit such an update to its original plan by the required date.

For further information concerning the accounting review, please see the Company’s Current Report on Form 8-K filed on March 1, 2013 by clicking here. The Company continues to conduct the review and intends to file its Forms 10-Q and 10-K as soon as reasonably practicable after these accounting matters have been addressed.



About Veeco

Veeco’s process equipment solutions enable the manufacture of LEDs, power electronics, hard drives, MEMS and wireless chips. We are the market leader in MOCVD, MBE, Ion Beam and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please visit www.veeco.com.

…read more
Source: FULL ARTICLE at DailyFinance