Veeco Instruments Inc. has announced that it has completed a transaction to purchase certain assets of DayStar Technologies, Inc. This decision highlights Veeco’s penetration of the rapidly growing copper, indium, gallium and selenium (CIGS) solar market. This news comes less than a week after the company’s COO, Ratson Morad resigned from the company.
Veeco has purchased selected equipment, taken over leased facilities and hired DayStar’s R&D group in Clifton Park, New York.
David Bruns, Senior Vice President and General Manager of Veeco Solar Equipment commented, “The creation of a ‘Solar Process Development Center’ will accelerate Veeco’s position as a leading integrated equipment provider to the rapidly growing CIGS solar market.”
While Robert Weiss, DayStar’s Chief Technology Officer said, “Veeco’s efforts to advance their CIGS equipment business, leveraging their extensive portfolio of thermal deposition technology, aligned perfectly with DayStar’s efforts to bring our single step reactively sputtered CIGS to market.”