Leading University Selects Veeco’s Molecular Beam Epitaxy System for Next-Generation Infrared Detector Device Research

Leading University Selects Veeco's Molecular Beam Epitaxy System for Next-Generation Infrared Detector Device Research

News | Oct 28, 2024

Ohio State University's MBE Research Team Developing IR Devices to Serve a Range of Consumer, Automotive, Defense, and Industrial Applications

Plainview, N.Y., October 29, 2024 - Veeco Instruments Inc. (Nasdaq: VECO) announced today that it has received an order from the Ohio State University for its GENxcel® R&D Molecular Beam Epitaxy (MBE) System. The GENxcel system will be used for epitaxial growth of high-quality gallium-antimonide (GaSb) compound semiconductors for infrared detectors (IR), The system, winner of the 2018 Compound Semiconductor (CS) Industry Innovation Award, will be delivered to the Ohio State University's Krishna Infrared Detectors Laboratory.

"We are excited to partner with Veeco to add new MBE research capabilities with the acquisition of the GENxcel system," commented Professor Sanjay Krishna, who leads the Krishna Infrared Detector (KIND) Laboratory at Ohio State University. "This will enable us to grow high-quality antimonide semiconductor material to explore novel device physics and train the next generation of students with advanced semiconductor skills."

According to a MarketsandMarkets™ report, the size of the infrared detector market is predicted to grow from $535 million starting in 2023 to $731 million by 2028, resulting in a 7 percent compound annual growth rate. The report states the IR market is driven by increasing demand for security and surveillance systems, adoption of IR devices in industrial automation and manufacturing processes, and high penetration of IR devices in non-contact temperature measurement, gas analysis, astronomy, and fire detection applications.

"We are honored to have been selected by Dr. Krishna and his research team at Ohio State University," commented Matthew Marek, Senior Director of Marketing for Veeco's MBE Group. "Dr. Krishna's deep expertise in this field promises to advance the industry's understanding of these materials, paving the way for new technological developments. Partnering with such a distinguished researcher enhances our commitment to driving impactful material science innovations. We look forward to continued collaboration with Dr. Krishna and his team."

About Veeco
Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco's systems and service offerings, 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, 2023 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 Contacts:
Investors: Anthony Pappone | (516) 500-8798 | [email protected]
Media: Brenden Wright | (516) 714-1202 | [email protected]