Intevac Receives Ion Implant System Order from Tier 1 Solar Cell Manufacturer
Tue, September 29 2015
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 a
system configured with ion implantation source technology from a Tier 1
solar cell manufacturer. The system is scheduled to ship in the second
half of 2016.
Wendell Blonigan, Intevac’s president and chief executive officer,
commented about the order: “This new order for a system configured with
our ion implantation source technology demonstrates continued and
meaningful progress in our Thin Film Equipment growth strategy. Securing
this order from a Tier 1 solar cell manufacturer is an important
milestone that validates the capability and value proposition of our
implant technology for advanced solar cell manufacturing."
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.
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 system shipment. 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 regular filings with the U.S. Securities
and Exchange Commission.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150929005684/en/
Intevac, Inc.
Jim Moniz, (408)-986-9888
Chief Financial Officer
or
Claire
McAdams, (530)-265-9899
Investor Relations
Source: Intevac, Inc.
