Veeco to Acquire Synos Technology

Veeco Instruments Inc.

today 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. “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