Rubicon Technology Inc (ticker: RBCN, exchange: NASDAQ Global Select Market (.O))
News Release -
Rubicon Technology Marks First Anniversary of Batavia Sapphire Growth Facility
Next Generation Facility Is Foundation to High Quality, High
Yield, Large Diameter Sapphire Wafer Market Leadership
BENSENVILLE, Ill.--(BUSINESS WIRE)--Dec. 6, 2011--
Rubicon Technology, Inc. (NASDAQ:RBCN), a leading provider of sapphire
substrates and products to the LED, RFIC, Semiconductor, and Optical
industries, today marks the first anniversary of the company's
next-generation sapphire crystal growth facility, located in Batavia,
IL. The 135,000 sq. ft. facility is used for the production of sapphire
crystals which are further processed into sapphire ingots and large
diameter sapphire wafers used in products such as LED-based lighting,
HDTVs, laptops, netbooks, smart phones and tablets, and automotive
As a vertically integrated supplier, Rubicon grows large sapphire
crystals at the Batavia facility from raw materials in custom-built,
proprietary furnaces replicating the organic sapphire creation process
found in nature. The company completes the process to make large
diameter wafers in their Penang, Malaysia cutting and polishing facility.
"Rubicon's proprietary crystal growth technology, as exemplified by our
Batavia plant, has been refined over the past 11 years to provide
consistently high yield and the highest quality sapphire for our
customers," said Raja Parvez, Rubicon President and CEO. "Rubicon's
Batavia plant is the cornerstone of our market leadership in providing
large-diameter sapphire wafers to the LED industry. Rubicon offers LED
manufacturers the most reliable supply of high quality, high yield,
large diameter sapphire wafers which is important to supporting the
adoption of LED-based general lighting worldwide."
To date, Rubicon has shipped more than 200,000 six-inch sapphire wafers
to the LED manufacturing and RFIC industries. The transition to larger
diameter wafers in LED production has started at the LED manufacturing
level. Several key LED chip manufacturers have announced plans to
migrate to and/or test large diameter wafers in 2011/2012. The process
and cost efficiencies brought by large diameter sapphire wafers are
instrumental to driving prices down in the LED industry.
Bringing down the overall price of LEDs is a key element in supporting
the worldwide commercial adoption of solid state lighting based on LEDs
as a light source. According to market research firm DisplaySearch, the total
average LED penetration in lighting was 1.4% in 2010 and is forecast to
reach 9.3% in 2014. Government entities around the world including
China, European Union, Australia, Canada and the United States have
introduced legislation to require energy efficient lighting.
About Rubicon Technology, Inc.
Rubicon Technology (NASDAQ: RBCN) is an advanced electronic materials
provider that is engaged in developing, manufacturing and selling
monocrystalline sapphire and other crystalline products for
light-emitting diodes (LEDs), radio frequency integrated circuits
(RFICs), blue laser diodes, optoelectronics and other optical
applications. The Company applies its proprietary crystal growth
technology to produce very high-quality sapphire in a form that allows
for volume production of various sizes and orientations of substrates
and windows. Rubicon is a vertically-integrated manufacturer with
capabilities in crystal growth, high precision core drilling, wafer
slicing, surface lapping, large-diameter polishing and wafer cleaning
processes, which the Company employs to convert the bulk crystal into
products with the quality and precision specified by its customers. The
Company is the market leader in larger diameter products to support
next-generation LED, RFIC and optical window applications.
Further information is available at www.rubicon-es2.com.
Source: Rubicon Technology, Inc.
Garfield Group Public Relations
Beth Hespe, 215-867-8600 x235