Veeco (VECO) Purchases Daystar (DSTI) Assets To Enter CIGS Solar Market

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10:50:47 pm on July 15, 2009

It was announced today that Veeco (VECO) will attempt its own push into the copper, indium, gallium, selenium (CIGS) thin film solar market by purchasing equipment and leased facilities from Daystar Technologies (DSTI) as well as hire its R&D department.  Daystar is selling the New York operations to reduce expenses and focus on its CIGS on glass core operations until there is a stronger market for flexible thin film applications.

Senior VP of Veeco, David Bruns commented, “The creation of a “Solar Process Development Center” will accelerate Veeco’s position as a leading integrated equipment provider to the rapidly growing CIGS solar market. We have brought on board a team of highly qualified CIGS technology specialists who bring to Veeco years of CIGS process know-how on a range of glass and flexible substrates. These CIGS process development specialists will now work in tandem with our design team to help our customers achieve the lowest cost of ownership through process and hardware optimization on Veeco’s suite of equipment.”

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