SANTA CLARA, Calif. — BUSINESS WIRE — May 5, 2005
Intevac, Inc. (Nasdaq:IVAC) received an order for two Intevac(R) MDP-250 magnetic-media sputtering systems. The MDP-250 systems were ordered by an existing MDP-250 customer and are scheduled for delivery during the second half of 2005.
"Continuing orders for our MDP-250 systems are indicative of strong demand for hard disk drives for consumer and information technology applications," remarked Intevac Chief Executive Kevin Fairbairn. "Year to date, we have received orders for eighteen disk manufacturing systems, all of which we expect to recognize for revenue during 2005." About Intevac Intevac is the world's leading supplier of magnetic media manufacturing 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. Intevac(R) MDP-250 is a registered trademark 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, timing of MDP-250 system shipments and expected revenue recognition for system orders received during 2005. 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, or recognize revenue, on systems as scheduled, 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. SOURCE: Intevac, Inc.
Charles Eddy, 408-986-9888
or
Silverman Heller Associates
Dan Matsui/Gene Heller, 310-208-2550
