Intevac Receives $13 Million Production Contract from U.S. Army
Mon, July 6 2015
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Intevac Photonics, a subsidiary of Intevac, Inc. (Nasdaq:IVAC),
announced today it received a contract for $13 million for the
production of night vision cameras for the Apache Helicopter's Pilot
Night Vision Sensor (PNVS) program for the U.S. Army. This contract,
from the U.S. Army's PM Apache Office in Huntsville, Alabama, is a
follow-on contract to the $27 million contract announced in 2013 and
addresses camera deliveries through February 2017.
The Electronic Image Intensification camera is based on Intevac's
patented EBAPS® (Electron Bombarded Active Pixel Sensor) digital imaging
sensor for extreme low-light level detection.
“This contract award demonstrates Intevac’s ongoing commitment to
deliver EBAPS®-based cameras for key U.S. Military platforms and
applications,” commented Drew Brugal, Executive Vice President and
General Manager of Intevac Photonics. “Since becoming a Prime supplier
in 2013, Intevac’s success in fielding cameras to the U.S. Army played a
significant role in winning this business.”
The U.S. Army accepted an additional $11 million in options for
additional night vision cameras and support.
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 imaging systems for most U.S. military night vision programs.
For more information call 408-986-9888, or visit the company's website
at www.intevac.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150706005246/en/
Intevac, Inc.
James Moniz, 408-986-9888
Chief Financial Officer
or
Claire
McAdams, 530-265-9899
Investor Relations
Source: Intevac, Inc.
