The company said that solid state lighting, which uses light emitting diodes (LEDs) and organic LEDs (OLEDs) has the potential to be ten times more energy-efficient than traditional incandescent light bulbs.
Veeco’s proposal was focused on driving down the cost of high brightness LEDs through the advancement of its metal organic chemical vapor deposition (MOCVD) technology.
The overall objective of this two year program is to develop high-volume MOCVD systems that provide a 4X reduction in the cost of epitaxial growth for LED devices, with the ultimate goal of a 10X reduction in LED costs. Veeco will partner with Sandia National Laboratories on this project.
John Peeler, CEO of Veeco, said: ”The funding will support the retention and creation of jobs in Veeco’s Plainview, New York.and Somerset, NewJersey. facilities. We would like to thank the DOE for this grant, and to acknowledge the support of Congressman Steve Israel, who represents New York’s 2nd Congressional District and Congressman Rush Holt, who represents New Jersey’s 12th Congressional District.
”Both Congressmen are strong proponents of the advancement of green energy technologies, and understand the importance of solid state lighting to significantly cut energy use, reduce our carbon footprint, and save money, as well as to create high-tech, value-added US Jobs.”
Veeco currently employs over 350 people in its Plainview and Somerset locations. In total the DOE awarded more than $37m in funding for solid state lighting programs.
