Corporate Banner
Satellite Banner
Biologics & Bioprocessing
Scientific Community
 
Become a Member | Sign in
Home>News>This Article
  News
Return

Veeco to Purchase Synos Technology

Published: Friday, September 20, 2013
Last Updated: Friday, September 20, 2013
Bookmark and Share
Fast array scanning ALD technology enables flexible OLED displays.

Veeco Instruments Inc. has announced that it has signed an agreement to acquire privately held Synos Technology, Inc. (“Synos”).

Synos designs and manufactures Fast Array Scanning™ Atomic Layer Deposition (FAST-ALD™) systems that are enabling the production of flexible organic light-emitting diode (OLED) displays for mobile devices.

“We have found a great fit to add to Veeco’s technology portfolio and expand our growth opportunities,” said John R. Peeler, Veeco’s Chairman and Chief Executive Officer.

Peeler continued, “Synos is an early stage company with big growth potential. We believe that their fast array scanning ALD technology for thin film encapsulation layers will remove the primary barrier to adoption of flexible OLED displays, helping make unbreakable, light-weight mobile displays a reality. Their systems are poised to move from pilot line to full production at the world leader in mobile OLED displays.”

Synos’ first pilot production system has been installed and the manufacturing ramp is currently expected to begin in 2014.

According to industry forecasting firm IHS iSuppli, the flexible OLED display market is expected to grow from $21 million in 2013 to almost $12 billion by 2020, and will revolutionize the entire display industry.

Mr. Peeler added, “Near-term, we believe the OLED equipment market opportunity for Synos’ ALD technology exceeds $400 million for mobile phones alone. We also see numerous extended opportunities for this breakthrough ALD technology in OLED TV, lighting, solar, batteries and other large adjacent markets.”

Ilsong Lee, President and Chief Executive Officer of Synos, commented “We are at an exciting inflection point in our history. It is time for us to join forces with Veeco, a world leader in advanced deposition technologies. Veeco will bring the global operating experience and resources we need to ramp our business, support our key customer, and deliver on the promise of our technology.”

Mr. Lee will join Veeco as Senior Vice President and ALD General Manager. In addition, Synos co-founder, Dr. Sang In Lee, will join Veeco as Chief Technology Officer for Veeco ALD.

“Synos’ FAST-ALD provides an elegant solution for some very complicated challenges faced by OLED display manufacturers,” added Daniel Rubin, Chairman and co-founder of Synos.

Rubin continued, “Veeco's well-known commitment to customer satisfaction and operating excellence will accelerate the market adoption of this technology for OLED and other advanced manufacturing applications."


Further Information

Join For Free

Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 3,100+ scientific posters on ePosters
  • More than 4,500+ scientific videos on LabTube
  • 35 community eNewsletters


Sign In



Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into TechnologyNetworks.com you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.

Related Content

Veeco Ships 50th EPIK 700 MOCVD Reactor in Less Than a Year
Delivered increased LED wafer production with best-in-class uniformity and easy process transfer.
Wednesday, August 12, 2015
Veeco Wins Innovation Award with EPIK700 MOCVD System
CS Industry Innovation Award for the highest distinction in compound semiconductor manufacturing.
Friday, April 03, 2015
Veeco Appoints Shubham Maheshwari as Chief Financial Officer
Mr. Maheshwari replaces David D. Glass.
Friday, May 16, 2014
Veeco Completes Purchase of Synos Technology
Veeco granted equity awards to 52 Synos employees.
Friday, October 04, 2013
Imec and Veeco Announce Collaboration
Both Companies collaborate in GaN-on-Si devices for LED and power electronics applications.
Friday, September 27, 2013
NANEO Precision IBS Coatings GmbH Expands Manufacturing Capacity
NANEO has recently ordered a SPECTOR® Ion Beam Deposition system.
Monday, July 01, 2013
Hangzhou Silan Azure Expands Manufacturing Capacity with Veeco MOCVD
Veeco's TurboDisc® K465i™ MOCVD systems will be used to expand Silan’s manufacturing capacity for HB LEDs.
Tuesday, October 30, 2012
HC SemiTek Purchases Additional Veeco MOCVD Systems
HC SemiTek has purchased TurboDisc® MaxBright® GaN MOCVD systems for LED production.
Tuesday, October 23, 2012
SemiLEDs Qualifies Veeco MOCVD System
Veeco TurboDisc® K465i™ GaN MOCVD system for high volume LED production.
Thursday, February 09, 2012
Scientific News
Developing a More Precise Seasonal Flu Vaccine
During the 2014-15 flu season, the poor match between the virus used to make the world’s vaccine stocks and the circulating seasonal virus yielded a vaccine that was less than 20 percent effective.
Fighting Cancer with Borrowed Immunity
A new step in cancer immunotherapy: researchers from the Netherlands Cancer Institute and University of Oslo/Oslo University Hospital show that even if one's own immune cells cannot recognize and fight their tumors, someone else's immune cells might.
Modified Microalgae Converts Sunlight into Valuable Medicine
A special type of microalgae can soon produce valuable chemicals such as cancer treatment drugs and much more just by harnessing energy from the sun.
Immune Cells Remember Their First Meal
Scientists at the University of Bristol have identified the trigger for immune cells' inflammatory response – a discovery that may pave the way for new treatments for many human diseases.
Paper Filter Can Remove Viruses from Water
A new paper filter can purify water from viruses, even the most difficult and contagious.
Large-scale HIV Vaccine Trial to Launch in South Africa
NIH-funded study will test safety, efficacy of vaccine regimen.
New HIV Vaccine Target Discovered
NIH-Led team have discovered a new vaccine target site on HIV.
Mimicking Evolution to Create Novel Proteins
A study by researchers in the Kuhlman lab offers a new route to design the 'cellular machines' needed to understand and battle diseases.
Antibody Therapy Opens Door to Potential New Treatment for HIV
Researchers at Rockefeller University show how a broadly neutralizing antibody could be used to help fight HIV.
Investigational Malaria Vaccine Protects Healthy U.S. Adults
Researchers at NIH have found that the malaria vaccine protected a small number of healthy, malaria-naïve adults in the U.S. from infection for more than one year after immunization.
SELECTBIO

SELECTBIO Market Reports
Go to LabTube
Go to eposters
 
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
3,100+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
4,500+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FOR FREE!