Veeco's Ion Tech Receives Approximately $6.5 Million in Orders From Leading DWDM Filter Manufacturers
FT. COLLINS, Colo.--(BUSINESS WIRE)--Feb. 10, 2000--Veeco Instruments Inc. (NASDAQ:VECO - news) announced today that its subsidiary, Ion Tech, Inc., received approximately $6.5 million in orders for SPECTOR(TM) optical coating ion beam deposition systems from three leading U.S. manufacturers of Dense Wavelength Division Multiplexing (DWDM) filters. This equipment is currently expected to be shipped to customers during the next six months.
Gerald Isaacson, Ph.D., President of Ion Tech, commented, ''We are pleased to report these latest orders from critical DWDM component manufacturers. As Veeco is reporting separately today, Ion Tech achieved record fourth quarter orders of $13 million, and these latest orders are indicative of continued strength in the current quarter. Since joining forces with Veeco in November, we have achieved further penetration of the DWDM marketplace. In addition, Veeco's resources are enabling us to expand our plant capacity, and provide worldwide sales and service to our customers.''
Ion Tech is a leading supplier of ion beam deposition systems used to manufacture precise multi-layer thin film optical filters critical to extending ''bandwidth'' of fiber optic telecommunications networks. According to Dr. Isaacson, ''Our SPECTOR system, with its precise control of deposition rates and uniformities, is able to produce high yields of 0.8nm bandwidths and below - making it ideally suited for DWDM manufacturers' next-generation filter requirements.''
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