$4M DOE funding for LED manufacturing teams Veeco with Kyma
In early June 2011, Energy Secretary Steven Chu announced nearly $15 million to support eight new research and development projects that will accelerate the development and deployment of high-efficiency solid-state lighting technologies like LEDs and organic LEDs (OLEDs). The projects selected are located in four states across the country and are focused on advancing core R&D goals, developing new products, and expanding domestic manufacturing capacity to help the U.S. remain competitive in this growing technology market.
U.S. Congressman Steve Israel, (2nd District of New York), said, "Right here on Long Island we have clean technology companies like Veeco leading the way to manufacture lighting that can be ten times more efficient than conventional lighting and can last up to 25 times as long. This is exactly what we need to reduce our energy bills and strengthen Long Island's manufacturing base. I commend Veeco for their innovative work on LEDs that earned them a $4 million Department of Energy grant."