SANTA CLARA, Calif. — BUSINESS WIRE — January 19, 2007
Intevac, Inc. (Company) (Nasdaq:IVAC) has delivered first pilot production quantities of its compact digital night-vision camera module for use in a NATO defense customer's head-mounted night-vision system. This follows the recently granted U.S. export approval for pilot production quantities of this product.
Intevac's Imaging Business General Manager, Joe Pietras, stated, "We are pleased to be working with our customer under the approval of the U.S. export agencies to integrate our low-light camera modules into their head-mounted night-vision system. This first pilot production delivery represents an important first step in the execution of the multi-year Purchasing Agreement we recently entered into with our customer, valued in excess of $55 million, and supports our goal of becoming a major player in the high-volume night-vision markets."
About Intevac
Intevac is the world's leading supplier of magnetic media sputtering equipment for the hard disk drive industry and a developer and provider of leading-edge extreme low-light imaging sensors, cameras, and systems. For more information call 408-986-9888, or visit the Company's website at 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, our customer's projected use for our night-vision sensor modules and the Company's entry into high-volume military night-vision markets. 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: failure to deliver sensor modules as expected, failure of the sensor modules to perform as expected, or failure of the Company to achieve high-volume deliveries of night-vision products, each of 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.
