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Previous Page | Contents | Zoom in | Zoom out | Front Cover | Search Issue | SubscribeqMqM | Next PageqqM qMMQmagsTHE WORLD’S NEWSSTAND ®news+viewsHowever, Veeco’s third-quarter bookingswere $133 million, a decline of 57% sequentially.LED & Solar orders declined 59%sequentially to $112 million, with MOCVDorders at $103 million. “Veeco’s third-quarterorders were impacted by weak near-termLED industry demand, low MOCVD equipmentutilization rates in Asia, and decreasedbusiness activity in China,” commented JohnPeeler, Veeco’s CEO.Aixtron’s equipment order intake was alsodown sequentially by 77% to EUR 51.5 million($71 million) in Q3 of 2011, relative toEUR 222.2 million ($306.0 million) in Q2.Equipment order intake in the first 9 monthsof 2011 was down 11% year-over-year at EUR484.1 million ($666.8 million).Aixtron’s quarterly revenues decreasedby nearly half (49%) from EUR 175.6 million($241.9 million) in Q2 to EUR89.8 million($123.7 million) in Q3 2011. Revenues inthe first 9 months of 2011 decreased 16% toEUR 470.8 million ($648.4 million) from EUR558.1 million ($768.7 million) in the sameperiod last year. The cause was customerdelays in delivery dates and credit tighteningin Asia, said the company.Paul Hyland, president and CEO of Aixtron,described current market conditions as“difficult” but said: “There can be no doubt inanybody’s mind that the LED lighting investmentcycle will come and will be the biggestend-market opportunity this industry hasever seen. It is not a question of ‘if’ it is onlya question of ‘when’.” ◀MORE: www.ledsmagazine.com/news/8/11/3OUTDOORWelland switches to LEDsThe City Council in Welland, Ontario,Canada, has voted unanimously to completelyreplace the city’s street lights withLED fixtures. The Council approved anagreement with SSL Energy Solutions andAppalachian Lighting Systems Inc. (ALSI)to replace the existing street-lighting systemthroughout the city with ALSI’s ALLEDfixtures and ALLink control system.The capital cost of CAN$2.74 million willbe financed through a debenture, and paidback by utilizing the energy savings fromthe program. In year one, street-lightingenergy costs should be reduced by $221,553with a saving in maintenance costs of$159,250. Phase 1 of the project will includethe replacement of 4300 cobrahead HPSfixtures by April 2012. Phase 2 will consistof replacement of 2410 decorative fixtures,scheduled for completion in December2012.Welland estimates that the total cost ofoperating its current HPS-based lightingsystem would amount to almost $18 millionover 15 years, which is the “estimatedtrue cost of doing nothing.” By switching toLED lighting, the City will save $6.8 millionin operating costs. After paying the variouscharges including debt repayments, thecity will save $2.38 million in total over the15-year term of the agreement. ◀MORE: www.ledsmagazine.com/news/8/9/31Previous Page | Contents | Zoom in | Zoom out | Front Cover | Search Issue | SubscribeqMqM qMM MQmags| Next Page q qTHE WORLD’S NEWSSTAND ®