Corporate Banner
Satellite Banner
Scientific Communities
Become a Member | Sign in
Home>News>This Article

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
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 2,800+ scientific posters on ePosters
  • More Than 4,000+ 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 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
University of Waterloo Purchases Veeco MBE System
GEN10® Molecular Beam Epitaxy system to be installed at the new Quantum-Nano Center.
Thursday, April 25, 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
Veeco Launches SPM Community Forum and Resource Website
New “The Nanoscale World” online community resource and forum website is designed for SPM & AFM collaboration.
Friday, May 07, 2010
Veeco Reports Record $17 Million in Orders for Auto-AFMs During Q2
Several leading worldwide photomask manufacturers have selected Veeco's automated AFMs for metrology needs at 45nm and below.
Wednesday, July 26, 2006
Veeco's BioScope II AFM Selected by the Institute Pasteur De Lille
Veeco will establish a life sciences lab in the Institute's facility.
Thursday, March 02, 2006
Veeco Appoints New Asia Pacific General Manager
Benjamin Loh Gek Lim has been appointed as Senior Vice President/General Manager.
Thursday, December 22, 2005
Scientific News
High Throughput Mass Spectrometry-Based Screening Assay Trends
Dr John Comley provides an insight into HT MS-based screening with a focus on future user requirements and preferences.
How a Genetic Locus Protects Adult Blood-Forming Stem Cells
Mammalian imprinted Gtl2 protects adult hematopoietic stem cells by restricting metabolic activity in the cells' mitochondria.
Genetic Basis of Fatal Flu Side Effect Discovered
A group of people with fatal H1N1 flu died after their viral infections triggered a deadly hyperinflammatory disorder in susceptible individuals with gene mutations linked to the overactive immune response, according to a recent study.
New Tech Vastly Improves CRISPR/Cas9 Accuracy
A new CRISPR/Cas9 technology developed by scientists at UMass Medical School is precise enough to surgically edit DNA at nearly any genomic location, while avoiding potentially harmful off-target changes typically seen in standard CRISPR gene editing techniques.
The MaxSignal Colistin ELISA Test Kit from Bioo Scientific
Kit can help prevent the antibiotic apocalypse by keeping last resort drugs out of the food supply.
"Good" Mozzie Virus Might Hold Key to Fighting Human Disease
Australian scientists have discovered a new virus carried by one of the country’s most common pest mosquitoes.
Non-Disease Proteins Kill Brain Cells
Scientists at the forefront of cutting-edge research into neurodegenerative diseases such as Alzheimer’s and Parkinson’s have shown that the mere presence of protein aggregates may be as important as their form and identity in inducing cell death in brain tissue.
Closing the Loop on an HIV Escape Mechanism
Research team finds that protein motions regulate virus infectivity.
New Class of RNA Tumor Suppressors Identified
Two short, “housekeeping” RNA molecules block cancer growth by binding to an important cancer-associated protein called KRAS. More than a quarter of all human cancers are missing these RNAs.
Potential Treatment for Life-Threatening Viral Infections Revealed
The findings point to new therapies for Dengue, West Nile and Ebola.
Scroll Up
Scroll Down
Skyscraper Banner

Skyscraper Banner
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
2,800+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
4,000+ scientific videos