SANTA CLARA, Calif. — BUSINESS WIRE — February 28, 2005
Intevac, Inc. (Company) (Nasdaq:IVAC) received a follow-on order for two 200 Lean disk-sputtering systems for delivery in the second quarter of 2005.
Intevac Chief Executive Kevin Fairbairn remarked: "We are pleased to receive this additional order and expect to ship and recognize revenue for these two systems during the second quarter of 2005. We are also pleased that the level of quotation activity for the 200 Lean is continuing at a brisk pace."
The Intevac(R) 200 Lean is the Company's latest generation disk sputtering system that provides significantly enhanced capabilities relative to the installed base of Intevac(R) MDP-250 systems. The 200 Lean provides higher throughput from a smaller footprint, which enables more thin-film disks to be manufactured per square-foot of factory floor space and is designed to lower overall cost of ownership. The 200 Lean's flexible and modular design accommodates multiple disk sizes, both aluminum and glass disks and the growing number of thin-film disk process steps required by evolving roadmaps for advanced technologies such as perpendicular recording.
About Intevac
Intevac is the world's leading supplier of thin-film disk sputtering equipment for the hard disk drive industry and a 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, timing of shipments of 200 Leans and performance, capabilities and features of the 200 Lean. 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 systems as expected or failure of the systems to perform as expected, each of which could have a material impact on our business, our financial results and our stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission.
CONTACT: Intevac, Inc.
Charles Eddy, 408-986-9888
or
Silverman Heller Associates
Dan Matsui/Eugene Heller, 310-208-2550
SOURCE: Intevac, Inc.
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