Intevac Receives MATRIX PVD System Order from Tier 1 Solar Cell Manufacturer
Thu, September 3 2015
Additional Solar Customer Adopts Intevac’s PVD Solution
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Intevac, Inc. (NASDAQ:IVAC), a leading supplier of thin-film deposition
equipment to the vacuum coating industry, today announced the order of
an INTEVAC MATRIX™ thin-film processing system, by a Tier 1 solar cell
manufacturer, for high-efficiency photovoltaic (PV) cell manufacturing.
This new customer for MATRIX PVD (physical vapor deposition) will use
the system to deposit integrated metal film stacks in advanced silicon
solar cell designs, utilizing processes qualified in recent development
work with Intevac. The system is scheduled to ship in the second quarter
of 2016.
With its best-in-class cost of ownership advantage for solar cell
manufacturing, the INTEVAC MATRIX system is rapidly becoming the process
tool of record for advanced metallization, and other high-volume,
leading-edge processing applications in the PV industry.
Wendell Blonigan, Intevac’s president and chief executive officer,
commented about the order: “The MATRIX PVD system order we are
announcing today from yet another Tier 1 solar cell manufacturer
demonstrates the significant progress we have made in our Thin-Film
Equipment growth strategy. We are leveraging Intevac's production-proven
capabilities in our core technologies, in this case our PVD sputtering
technology, and extending those capabilities into adjacent markets. The
INTEVAC MATRIX combines high-throughput deposition technology with a
substrate-independent platform that provides versatility for broader
applications in precision thin-film deposition, and we are pleased that
its technical and cost-of-ownership advantages are being recognized with
orders by multiple leading customers in the solar cell manufacturing
industry."
About INTEVAC MATRIX™
INTEVAC MATRIX™ leverages Intevac’s core capabilities in
high-throughput, precise thin film deposition and ports them to
applications beyond hard disk drive media. The MATRIX is a
substrate-independent platform for multiple thin film applications; from
its compact, modular design to its automated transport system, every
aspect of MATRIX is optimized to maximize productivity and minimize Cost
of Ownership. Enabled by a carrier-based transport system that
accommodates variously sized substrates, the system can be configured
with multiple thin film deposition technologies for in-line sequential
processing. The MATRIX architecture allows for double-sided deposition
without breaking vacuum, as well as for deposition in horizontal or
vertical substrate orientations.
About Intevac
Intevac was founded in 1991 and has two businesses: Thin-Film Equipment
and Photonics.
In our Thin-Film Equipment business, we are a leader in the design and
development of high-productivity, thin-film processing systems. Our
production-proven platforms are designed for high-volume manufacturing
of substrates with precise thin film properties.
Intevac is the market and technology leader in the hard drive industry,
with our systems processing approximately 60% of all magnetic disk media
produced worldwide. Our high-performance, high-throughput technology
solutions continue to expand into additional markets – including solar
and adjacent thin film deposition applications.
In our Photonics business, we are a recognized leading developer of
advanced high-sensitivity digital sensors, cameras and systems that
primarily serve the defense industry. We are the provider of integrated
digital night vision imaging systems for the U.S. military.
INTEVAC MATRIX™ is a trademark of Intevac, Inc.
For more information, call 408.986.9899, or visit www.intevac.com.
Forward-Looking Statements
This press release includes statements that constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 (the “Reform Act”). Intevac claims the protection of
the safe-harbor for forward-looking statements contained in the Reform
Act. These forward-looking statements are often characterized by the
terms “may,” “believes,“ “projects,” “expects,” or “anticipates,” and do
not reflect historical facts. Specific forward-looking statements
contained in this press release include, but are not limited to; the
timing of the MATRIX system shipment, and the expected uses of the
system. The forward-looking statements contained herein involve risks
and uncertainties that could cause actual results to differ materially
from the company’s expectations. These risks include, but are not
limited to: the failure to meet planned shipment dates and/or address
planned applications for the system, which could have a material impact
on our business, our financial results, and the company's stock price.
These risks and other factors are detailed in the company’s regular
filings with the U.S. Securities and Exchange Commission.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150903006440/en/
Intevac, Inc.
Jim Moniz, 408-986-9888
Chief Financial Officer
Claire
McAdams, 530-265-9899
Investor Relations
Source: Intevac, Inc.
