news digest compound semiconductor
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Veeco Awarded $4M in R&D Matching Funds from DOE
Solid State Lighting Manufacturing Grant - 28 Jan, 2010
Veeco Instruments Inc. announced today funding, which will enable us to speed-up of efficient lighting while building the
that it has been awarded $4 million in R&D development of our next generation industry on Long Island.”
matching funds from the American Recovery MOCVD systems. The funding will support
and Reinvestment Act by the U.S. the retention and creation of jobs in Veeco’s “This is good news, and I congratulate
Department of Energy to support high- Plainview, N.Y. and Somerset, N.J. facilities. Veeco for receiving this funding. In a few
efficiency solid state lighting projects. Solid We would like to thank the DOE for this years, LED lighting will be everywhere, and
state lighting, which uses light emitting grant, and to acknowledge the support of New Jersey should be in the forefront of
diodes (LEDs) and organic LEDs (OLEDs) Congressman Steve Israel, who represents creating the jobs that will make it happen,”
has the potential to be ten times more New York’s 2nd Congressional District and added Rep. Holt.
energy-efficient than traditional Congressman Rush Holt, who represents
incandescent light bulbs. New Jersey’s 12th Congressional District. In total the Department of Energy awarded
more than $37 million in funding for solid
Veeco’s proposal was focused on driving Both Congressmen are strong proponents state lighting programs. Veeco’s proposal
down the cost of high brightness LEDs of the advancement of “green energy” was one of eight selected as part of U.S.
through the advancement of its metal technologies, and understand the Manufacturing FOA DE-FOA-0000057,
organic chemical vapor deposition importance of solid state lighting to projects focused on achieving significant
(MOCVD) technology. MOCVD is the significantly cut energy use, reduce our cost reductions and enhancing quality
critical enabling technology for the carbon footprint, and save money, as well as through improvements in SSL
production of LEDs. The overall objective of to create high-tech, value-added U.S. jobs.” manufacturing equipment, processes or
this two year program is to develop high- Veeco currently employs over 350 people in monitoring techniques.
volume MOCVD systems that provide a 4X its Plainview and Somerset locations.
reduction in the cost of epitaxial growth for Projects address the technical challenges
LED devices, with the ultimate goal of a 10X Rep. Israel commented, “This Recovery Act that must be overcome before prices fall to
reduction in LED costs. Veeco will partner funding for Veeco will create new jobs in our a level where solid state lighting will be
with Sandia National Laboratories on this growing clean technology industry while competitive with existing lighting on a first-
project. helping develop new technologies that will cost basis.
save American consumers money. Boosting
According to John Peeler, Veeco’s Chief efficiency is all about giving consumers a The total value of manufacturing selections
Executive Officer, “Veeco is very excited to strong return on investment. Veeco is is $23.5 million; the performers will provide
have been granted this important DOE working to do just that by reducing the cost an average of 51% as cost-share.
Advanced Photonix, Inc Amends its Michigan Facility Lease - 16 Jan, 2010
Advanced Photonix, Inc Amends its precision hybrid assembly and high-speed term. In addition, the Company negotiated
Michigan Facility Lease, Saving $1.6 Million. test. In addition, the facility includes an an option to purchase the facility on May 31,
industry leading HSOR laboratory and three 2016 for no less than $7.1 million.
Advanced Photonix Inc.’s wholly owned secure user laboratories for collaborative
subsidiary, Picometrix LLC, has entered into terahertz application development. “This represents a significant cost savings
a “Fourth Addendum & Extension for the Company in these challenging
Agreement” for its lease of the Ann Arbor, In 2001, the Company entered into a 10- economic times, preserves our substantial
MI facility. The 50,000 sq. ft. facility houses year lease with two 5-year options to renew investments in this unique facility, and
the Company’s research, development and at a lease rate tied to the CPI, with a ensures our ability to make future
manufacturing for its terahertz and high- minimum increase for each 5-year option. investments to support our long-term
speed optical receiver product platforms, growth objectives without the expense
API’s corporate headquarters, and the The original lease included the first right of and disruption of relocating to another
semiconductor microfabrication facility for all refusal to purchase the facility and was facility,” said Rob Risser, Advanced
three of Advanced Photonix’s product scheduled to expire in May 31, 2011. The Photonix’s Chief Financial Officer.
platforms. Company amended the lease terms and “We expect the savings to begin to be
extended the lease to May 31, 2021. reflected in our results in the first quarter of
The state-of-the-art facility was completed in 2010.”
2001 and was designed to meet the unique The new lease represents a 19% reduction
requirements of the Company’s ultrafast in lease payments over the new lease term, Richard Kurtz, Advanced Photonix, Inc.
optoelectronic product platforms; including or approximately $1.6 million in savings. The (734) 864-5600
InP and GaAs material growth, Company retained the right of first refusal to Cameron Donahue, Hayden IR (651) 653-
semiconductor microfabrication, and purchase the property during the new lease 1854;
cameron@haydenir.com
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www.compoundsemiconductor.net January/February 2010
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