Intevac Announces Orders for Multiple 200 Lean® Systems
Wed, June 20 2018
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing
systems, today announced the receipt of orders for multiple 200 Lean®
systems. The orders for three 200 Lean systems, received this week, will
be equipped with the latest technology enhancements for HDD magnetic
media sputtering. The first of the three systems is scheduled to ship in
the fourth quarter of 2018, with the remaining two systems scheduled to
ship in 2019.
“We are pleased to announce multiple system orders for our
industry-leading 200 Lean sputtering tools,” said Wendell Blonigan,
president and chief executive officer of Intevac. “These orders
demonstrate our media processing technology leadership position, as well
as the positive outlook in the HDD industry as a whole.”
“The orders also reflect our strong partnerships with our customers and
the strategic need for our latest technology,” said Jay Cho, executive
vice president and general manager of Intevac’s Thin-film Equipment
business. “These systems will upgrade our customers’ existing
manufacturing capacity, in support of their technology and product
roadmaps.”
About the 200 Lean
Intevac’s 200 Lean is the world’s leading production deposition tool for
Hard Disk Drive (HDD) media manufacturing. The system takes advantage of
Intevac’s portfolio of technology innovations that improve disk media
performance while utilizing an efficient platform design that provides
high throughput from a small footprint. The 200 Lean delivers the
industry’s best output per square-foot of factory floor space and lowest
cost of ownership.
200 Lean® is a registered trademark of Intevac,
Inc.
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, such as the hard drive
media, display cover panel, and solar photovoltaic markets we serve
currently.
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.
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 200 Lean shipments. 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, 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 periodic filings with the U.S.
Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180620005437/en/
Intevac, Inc.
James Moniz, 408-986-9888
Chief Financial
or
Claire
McAdams, 530-265-9899
Investor Relations
Source: Intevac, Inc.
