Intevac Receives 200 Lean Order
Mon, July 28 2014
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Intevac, Inc. (NASDAQ:IVAC) today announced an order for one 200 Lean®
magnetic disk sputtering system.
“We are very pleased to receive this order from an existing customer,
demonstrating that the industry continues to invest in its magnetic
media development and production capabilities,” commented Wendell
Blonigan, president and chief executive officer of Intevac. “We expect
to ship this system in the fourth quarter of this year.”
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 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 sole-source 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.
200 Lean® is a registered trademark and INTEVAC
MATRIX™ and ENERGi™ are trademarks of Intevac, Inc.
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
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 regular filings with the U.S.
Securities and Exchange Commission.
Intevac, Inc.
Jeff Andreson, 408-986-9888
Chief Financial
Officer
or
Claire McAdams, 530-265-9899
Investor Relations
Source: Intevac, Inc.
