Intevac Introduces Versatile New Thin Film Deposition Platform

Tue, July 8 2014

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (NASDAQ:IVAC) today introduced the INTEVAC MATRIX™ thin film processing platform, specifically developed to address multiple applications in the vacuum coating industry.

“For over twenty years Intevac has been a world-leading provider of high-productivity thin film PVD deposition systems for hard disk drive media manufacturing. INTEVAC MATRIX enhances our core capabilities in high-throughput deposition technology with a substrate independent platform that provides versatility for broader applications of thin film deposition,” commented Wendell Blonigan, president and chief executive officer. “We recently announced orders for advanced solar cell manufacturing and for protective coatings used in various mobile devices, each leveraging Intevac’s core PVD sputtering technologies. INTEVAC MATRIX will be the key platform to extend our production-proven thin film deposition technology into new adjacent markets.”

The INTEVAC MATRIX is enabled by a carrier-based transport system that can accommodate various size substrates. The system can be configured with multiple thin film deposition technologies for in-line sequential processing; enables double-sided deposition without breaking vacuum; and can deposit in both horizontal or vertical substrate orientation. The INTEVAC MATRIX platform is engineered to produce the highest quality films at the lowest cost of ownership.

About Intevac

Intevac was founded in 1991 and has two businesses: Equipment and Photonics.

In our 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 approximately 60% of all magnetic disk media produced worldwide. Our technology solutions improve performance and throughput, and 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 sole source provider of integrated digital imaging systems for most U.S. military night vision programs.

For more information, call 408.986.9899, or visit www.intevac.com.

Safe Harbor Statement

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 sale of the INTEVAC MATRIX 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 shipments and qualification dates 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.

Intevac, Inc.
Jeff Andreson, 408-986-9888
Chief Financial Officer
Claire McAdams, 530-265-9899
Investor Relations

Source: Intevac, Inc.