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Veeco receives extension on Nasdaq compliance

Veeco mechanical engineer Mathew Levy holds a data

Veeco mechanical engineer Mathew Levy holds a data wafer at a plant in Plainview in 2012. (Credit: Chris Ware)

Veeco Instruments Inc., a Plainview-based public company that had been warned it may be delisted from the Nasdaq due to a late quarterly filing, said Monday it had received an extension to regain compliance with the exchange.

The company, which makes equipment for manufacturing LED lights, said in November it had to delay filing of its quarterly report for the period ending Sept. 30 because it was reviewing its accounting procedures and revenue recognition on sales of certain equipment.

Veeco submitted a plan to regain compliance to Nasdaq last week, and was granted an extension until May 20.

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