DWDM Filter Manufacturers Place $6 Million in Orders with Veeco

<%=company1%> (Ft. Collins, CO) subsidiary, Ion Tech, Inc., will fill more than $6 million in orders for Spector optical coating ion beam deposition systems from three Dense Wavelength Division Multiplexing (DWDM) filters manufacturers. Veeco will probably ship the equipment during the second and third quarters of 2000.

The company's merger with Ion Tech closed on November 5. Under the terms of the agreement, Ion Tech shareholders received approximately 1.5 million shares of Veeco common stock. The transaction will be accounted for as a pooling-of-interests.

Edited by Kristin Keiser