the holder of more than a dozen LED design and application patents

LEDs in lighting applications have seen tremendous growth over the last years. Largest upcoming potential is currently led high bay light for LCDs. The second wave of business growth will go hand in hand with the continuous rise of energy saving lighting applications for indoor and outdoor use. "We are confident that the addition of such top professionals to our team will enable us to achieve our ambitious plans on the global market," added Alexey Kovsh, Executive Vice President of Optogan Group.

Markus graduated from the University of Regensburg (Germany) and Reading University (UK) with degrees in Physics, specializing in Semiconductors and Crystallography. From his engineering background he is the holder of more than a dozen LED design and application patents.

We see a tremendous opportunity to help our Asian customers to 'go faster' to advance brightness and decrease the cost of LEDs," commented Mr. Peeler. "Veeco intends to provide an unprecedented level of technology development on latest-generation metal organic chemical vapor deposition (MOCVD) systems, customer training, and world class service and support."

As our Asian customers continue to accelerate the pace of adoption of LEDs for consumer electronics and solid-state lighting, we believe this strategic investment of more than $25 million will LED Linear high bay light position Veeco as the region's top equipment supplier and ensure the mutual success of Veeco and our customers. Over time, we will also leverage these new sites to support our customers in Solar and other clean tech markets."