August 14, 2018

Prestigious Research Institute Cited Veeco's Expertise in MBE and the High Reliability and Customization of the GEN10™ as Key Factors in its Decision

PLAINVIEW, N.Y., August 14, 2018-Veeco Instruments Inc. (NASDAQ: VECO) today announced that a dual chamber GEN10™ automated molecular beam epitaxy (MBE) cluster system won the tender offer by the Max Planck Institute of Microstructure Physics, Halle (Saale), Germany (MPI-MSP) to support world-class research on complex oxides. Demand for oxide-nitride layer structures has increased due to their enormous potential in enabling next-generation energy-efficient nano-devices and advanced data storage. The department of Nano-systems from Ions, Spins and Electrons (NISE) at the MPI-MSP will leverage Veeco's MBE technology to expand research and develop innovative applications.

'Our team is highly interested in exploring the properties of atomically engineered oxide-nitride layer structures especially because of their extraordinary properties but also for their potential in paving the way to novel energy-efficient nano-devices,' said Stuart Parkin, Director of the NISE Department at the MPI-MSP and Alexander von Humboldt Professor, Martin Luther University Halle-Wittenberg, Halle. 'Veeco's reputation and expertise in MBE combined with the GEN10's high reliability, throughput, customization and automation capabilities will help support our research into novel materials.'

This win at MPI marks the first time Veeco has provided a fully integrated solution for a concentrated ozone source. The GEN10 allows for up to three configurable, material-specific growth modules, enabling high system utilization and allowing multiple researchers use the system at the same time to perform unattended growth. By expanding its reach in the R&D sector worldwide, Veeco is leading the way in helping grow complex oxide structures.

'As our MBE systems continue to expand their footprint in the global R&D space, we are honored that Veeco's GEN10 MBE system was selected by the highly respected Max Planck Institute of Microstructure Physics in Halle,' noted Gerry Blumenstock, vice president and general manager of MBE and ALD products at Veeco. 'We are pleased with the confidence Dr. Parkin and his team placed in our MBE expertise and we look forward to supporting the MPI-MSP as it continues to lead R&D exploration and applications for complex oxides.'

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.

Media Contact: David Pinto | 408-325-6157 | dpinto@veeco.com

Investor Relations Contact: Anthony Bencivenga | 516-677-0200 x1308 | investorrelations@veeco.com

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Veeco Instruments Inc. published this content on 14 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 August 2018 12:05:03 UTC