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

Veeco Completes Purchase of Synos Technology

Published: Friday, October 04, 2013
Last Updated: Friday, October 04, 2013
Bookmark and Share
Veeco granted equity awards to 52 Synos employees.

Veeco Instruments Inc. has completed the previously announced acquisition of Synos Technology, Inc. (“Synos”).

Synos designs and manufactures Fast Array Scanning™ Atomic Layer Deposition (FAST-ALD™) systems that are currently expected to enable the production of flexible organic light-emitting diode (OLED) displays for mobile devices. The business, with operations in California and Korea, has been renamed Veeco ALD Inc.

“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. “Veeco’s new fast array scanning ALD has the potential to solve the encapsulation issue that has stalled industry adoption of flexible OLED technology for mobile phones. In addition, we see numerous additional opportunities for FAST-ALD in OLED TV, lighting, solar, batteries and other large adjacent markets.”

FAST-ALD represents a paradigm shift in a technology long known for excellent deposition uniformity and defect-free films.

While traditional ALD is slow, costly and limited to high-temperature “chamber-sized” reactors, FAST-ALD can deposit materials below 100º Celsius and up to 10 times faster with more efficient use of materials and virtually no substrate size limitation.

In connection with the acquisition, Veeco granted equity awards to 52 Synos employees. Pursuant to Nasdaq Listing Rule 573(c)(4), the equity awards were granted under the Company’s 2013 Inducement Stock Incentive Plan (the “Plan”), which the Compensation Committee of the Board of Directors adopted to facilitate the granting of equity awards as an inducement to these employees to commence employment with Veeco.

Awards granted to Synos employees as a part of this plan were comprised of (i) 124,500 stock options having an exercise price of $37.70, the closing price on the date prior to grant (as provided in the Plan), and which will vest, subject to the recipient’s continued service, over a three year period with one-third of each award vesting on each of the first three anniversaries of the award; the stock option awards have a ten-year term, and (ii) 62,500 restricted stock units were granted that will vest, subject to the recipient’s continued service, over a four year period with one third of each award vesting on each anniversary of the award, beginning with the second anniversary and vesting, and (iii) 25,200 restricted stock units were granted that will vest, subject to the recipient’s continued service, on the second anniversary of the award.


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 3,300+ scientific posters on ePosters
  • More Than 4,800+ 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
Imec and Veeco Announce Collaboration
Both Companies collaborate in GaN-on-Si devices for LED and power electronics applications.
Friday, September 27, 2013
Veeco to Purchase Synos Technology
Fast array scanning ALD technology enables flexible OLED displays.
Friday, September 20, 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
Liquid Biopsies: Miracle Diagnostic or Next New Fad?
Thanks to the development of highly specific gene-amplification and sequencing technologies liquid biopsies access more biomarkers relevant to more cancers than ever before.
Core-Shell Columns in HPLC: Food Analysis Applications
Explore the most recent applications of core-shell columns in food analysis.
Review of the Analysis of Haemoglobin A1c for Diabetes Diagnostics
This paper aims to clarify methods, units, quality requirements, reference and cutoff limits for hemoglobin A1c (HbA1c) and ratio of blood glucose/HbA1c on the basis of the results from Finnish quality control surveys by comparing them to the literature.
Colon Cancer Blocked in Mice
Case Western Reserve University Researchers block common type of colon cancer tumour in mice, laying groundwork for human clinical trial.
New Centre Offers Ultra-Speed Protein Analysis
UW-Madison researchers to establish development centre for next-gen protein measurement technologies.
Disrupting Tumour-Promotion in Humans
Researchers have modified an existing protein to represses a specific cancer-promoting ‘message’ within cells.
Protein Nanocages Could Improve Drug Design and Delivery
HHMI scientists have designed and built 10 large protein icosahedra that are similar to viral capsids that carry viral DNA.
Vaccine Strategy Targets Multiple Influenza Viruses
Scientists have identified vaccine-induced antibodies that can neutralize strains of influenza virus that infect humans.
Connectome Map More Than Doubles Human Cortex’s Known Regions
Researchers at NIH have developed software that automatically detects the “fingerprint” of each of these areas in an individual’s brain scans.
Discovered Through ‘Big Data’ Analysis
Researchers at the SBP have identified over 100 new genetic regions that affect the immune response to cancer.
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
3,300+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
4,800+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FOR FREE!