|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.91 - 21.91|
|52 Week Range||8.15 - 22.65|
|Beta (5Y Monthly)||0.79|
|PE Ratio (TTM)||39.78|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 20, 2019|
|1y Target Est||N/A|
PLAINVIEW, N.Y., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced that OSRAM Opto Semiconductors, a leading manufacturer of optoelectronic components, has qualified Veeco’s Lumina® MOCVD System for production of high-end LEDs and to drive the next generation of advanced photonic devices. “Being at the forefront of next generation advanced photonic technologies that require innovation and redefine the limits of the technology is at the core of OSRAM,” stated Lothar Mergili, COO of OSRAM Opto Semiconductors. “The Lumina system has proven to set new standards in terms of productivity that will meet and exceed market requirements. Veeco's best-in-class MOCVD technology has been, and will continue to be, an enabling technology for us.”“We are pleased to have the Lumina system qualified by OSRAM, a pioneer and cutting-edge technology company with a diversified and world-class product portfolio,” said Scott Kroeger, Veeco's Chief Marketing Officer. “The new Lumina system is built on over 20 years of high volume MOCVD expertise and carries on the proven performance of our core TurboDisc® technology. To enable the next generation of devices, leading edge companies like OSRAM depend on superior film quality, exceptional uniformity and repeatability with unmatched cost of ownership, and Lumina delivers.”At the heart of the Lumina system is Veeco’s industry leading MOCVD TurboDisc technology which features excellent uniformity and low defectivity over long campaigns for exceptional yield and flexibility. In addition, Veeco’s proprietary technology drives uniform injection and thermal control for excellent thickness and compositional uniformity. Providing a seamless wafer size transition, the system is capable of depositing high quality arsenic phosphide (As/P) epitaxial layers on wafers up to eight inches in diameter. The Lumina system allows users to customize their systems for maximum value in delivering IRED, LED, Edge-Emitting Lasers and VCSELs in high volume production.About OSRAM OSRAM, based in Munich, is a leading global high-tech company with a history dating back more than 110 years. Primarily focused on semiconductor-based technologies, our products are used in highly diverse applications ranging from virtual reality to autonomous driving and from smartphones to smart and connected lighting solutions in buildings and cities. OSRAM uses the endless possibilities of light to improve the quality of life for individuals and communities. OSRAM’s innovations enable people all over the world not only to see better, but also to communicate, travel, work and live better. OSRAM has approximately 23,500 employees worldwide as of end of fiscal 2019 (September 30) and generated revenue of about 3.5 billion euros from continuing activities. The company is listed on the stock exchanges in Frankfurt and Munich (ISIN: DE000LED4000; WKN: LED 400; trading symbol: OSR). Additional information can be found at www.osram.com.About Veeco Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our proven ion beam, laser annealing, lithography, MOCVD and single wafer etch & clean technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco’s systems and service offerings, visit www.veeco.com.To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2019 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements. Veeco Contacts Investors:Anthony Bencivenga(516) email@example.com Media: Kevin Long(516) firstname.lastname@example.org
WPG Americas Inc. (WPGA) a subsidiary of WPG Holdings, Asia's No. 1 electronics distributor and OSRAM Digital Systems, a leading global high-tech lighting company, have teamed up to provide a wide range of product and service offerings to their mutual customer base.
Osram has achieved a good second quarter given the global challenges and thus met the market expectations. Although revenue fell by almost 8 percent on a comparable basis to 821 million euros, a positive free cash flow of 64 million euros was achieved particularly through targeted cash management. The adjusted EBITDA margin improved by almost four percentage points year-on-year to 11.7 percent. Thanks to the structural measures and the conversion to IFRS 16, adjusted EBITDA was about a third higher than in the previous year at 96 million euros. Due to restructuring costs of 45 million euros, mainly for charges for the structural and personnel adjustments, the net result was negative at 39.3 million euros. "The measures we took very early on to counter the consequences of the COVID-19 crisis are having an effect throughout the company. It has been a challenge to maintain production largely on a regular basis in recent weeks, as our top priority is and remains the health and protection of our employees. Osram is also using the time to be well positioned after the Corona crisis. Our high equity ratio is of great benefit to us," said Olaf Berlien, CEO of OSRAM Licht AG.