SANTA CLARA, Calif. — BUSINESS WIRE — March 17, 2003
Intevac, Inc. (NASDAQ:IVAC - News) today announced the hiring of semiconductor equipment veteran, Mr. Hari Ponnekanti, to the position of Vice President, Equipment Products Engineering, effective April 1, 2003.
Ponnekanti comes to Intevac from Applied Materials, where he has worked since 1994, most recently as the Director of Engineering, New Product Development, Dielectric Systems and Modules Group. While at Applied Materials, he led the engineering development of chemical vapor deposition (CVD) products, most notably the Producer® CVD system. According to Applied Materials, the high-productivity Producer® is one of the industry's most successful CVD platforms and supports a wide range of dielectric CVD applications. Ponnekanti holds a B.S., Mechanical Engineering from Andhra University in India and a M.S., Mechanical Engineering from the University of Houston. Kevin Fairbairn, president and CEO of Intevac, commented: "Hari's extensive experience in the semiconductor equipment industry, developing innovative high-productivity manufacturing equipment, and his energy, drive and technical leadership skills make him a valuable addition to the Intevac team. His first assignment will be to drive the development of leading edge media manufacturing systems for hard disk drive manufacturers." Producer® is a registered trademark of Applied Materials, Inc. About Intevac Intevac is developing revolutionary intensified imaging products that address potentially large commercial and military markets. Intevac's intensified imaging products are high-speed electro-optical devices that detect light with extraordinary sensitivity. The Company's proprietary technology makes possible products such as LIVAR®, a long-range target identification system, and video cameras with night vision capability. The Company also produces sophisticated manufacturing equipment used in the manufacture of high technology products. Intevac's equipment products are designed to deposit or modify highly engineered thin-films of material on a variety of substrates. These systems are designed for continuous high volume manufacturing of precision thin-film products such as magnetic media for hard drives. For more information call 408-986-9888 or visit the Company's website at www.intevac.com. Contact: Source: Intevac, Inc.
Intevac, Inc.
Charles Eddy, 408/986-9888
or
Silverman Heller Associates
Dan Matsui/Eugene Heller, 310/208-2550
