SANTA CLARA, Calif. — BUSINESS WIRE — March 29, 2006
Intevac, Inc. (Company) (Nasdaq:IVAC) received an order for eleven 200 Lean magnetic disk sputtering systems.
Intevac Chief Executive Kevin Fairbairn stated: "Nine of these systems are scheduled for delivery and revenue recognition during 2006, and the balance is scheduled for 2007. With this order we have booked enough systems to reach the range midpoint of the number of systems needed to achieve our February 7 revenue guidance for all of 2006."
The Intevac® 200 Lean is Intevac's latest-generation disk sputtering system that provides significantly enhanced capabilities relative to the installed base of Intevac® MDP-250 systems. The 200 Lean provides higher throughput from a smaller footprint, which enables more magnetic disks to be manufactured per square-foot of factory floor space and is designed to reduce overall cost of ownership. The 200 Lean's flexible and modular design accommodates the production of multiple disk sizes, both aluminum and glass disks, and the growing number of thin-film process steps required by evolution toward advanced technologies such as perpendicular recording.
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, timing of shipments and revenue recognition of 200 Lean systems, 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 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.
