LDX orders AIXTRON MOCVD systems for LED backlighting market entry
AIXTRON AG announced today a new order from a new customer in China, LDX (LongDeXin) – a joint venture by Zhejiang Longfei Industry Co., Ltd., and China Delixi Holding Group Co., Ltd., founded in October 2009 for the purpose of strategic cooperation. The order is for two CRIUS® production deposition systems in the 31x2 inch configuration. The order was placed in the first quarter of 2010, and LDX will use the systems for GaN HB-LED production. They will be delivered in the second quarter of 2010, the local AIXTRON support team installing and commissioning the new reactors at LDX’s new factory in Shanghai, PR China.
Manager of the LED project, Mr. Lin Loufei comments, “Our company has decided to make a strategic investment to enter the display backlighting business. This project requires rapid in-house LED development and the manufacturing of materials for epiwafer-based high brightness LEDs. We turned to AIXTRON because of the company’s experience and the technical know-how its support team can bring to our project. The success of this venture will greatly depend on these MOCVD systems. We look forward to working with AIXTRON to quickly and efficiently bring the new reactors into full production.”
Zhejiang Longfei Industry Co., Ltd., is a China based company that specializes in the development and production of healthcare oxygen supply equipment, meters for industry and fire alarm and linkage control systems. Via its customer network and after-sales service network, its products are not only very popular in China but also exported to North America, Japan, Turkey, Nigeria, Hong Kong and Taiwan.
Delixi Group established in 1984 and headquartered in Wenzhou, China, is one of the largest private-owned enterprises. The core businesses are production of high, medium, and low-voltage electric apparatuses, transmission and transformation of power distribution, and industrial automatic control electrics. The business scope has been further expanded to trading and logistics services, mineral energy resources, environmental protection, renewable resources and Private Equity Investment.
For further information on AIXTRON AG (FSE: AIXA, ISIN DE000A0WMPJ6; NASDAQ: AIXG, ISIN US0096061041) please consult our website at: www.aixtron.com.
This news release may contain forward-looking statements about the business, financial condition, results of operations and earnings outlook of AIXTRON within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as “may”, “will”, “expect”, “anticipate”, “contemplate”, “intend”, “plan”, “believe”, “continue” and “estimate”, and variations of these words and similar expressions, identify these forward-looking statements. The forward-looking statements reflect our current views and assumptions and are subject to risks and uncertainties. You should not place undue reliance on the forward-looking statements. The following factors, and others which are discussed in AIXTRON’s public filings and submissions with the U.S. Securities and Exchange Commission, are among those that may cause actual and future results and trends to differ materially from our forward-looking statements: actual customer orders received by AIXTRON; the extent to which chemical vapor deposition, or CVD, technology is demanded by the market place; the timing of final acceptance of products by customers; the financial climate and accessibility of financing; general conditions in the thin film equipment market and in the macro-economy; cancellations, rescheduling or delays in product shipments; manufacturing capacity constraints; lengthy sales and qualification cycles; difficulties in the production process; changes in semiconductor industry growth; increased competition; exchange rate fluctuations; availability of government funding; variability and availability of interest rates; delays in developing and commercializing new products; general economic conditions being less favorable than expected; and other factors. The forward-looking statements contained in this news release are made as of the date hereof and AIXTRON does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.
Marketing Communications Octavia Deufel AIXTRON AG Kaiserstr. 98 52134 Herzogenrath Germany Phone: +49 241 8909 474 Fax: +49 241 8909 522