SANTA CLARA, Calif. — BUSINESS WIRE — May 13, 2005
Intevac, Inc. (Company) (Nasdaq:IVAC) received a follow-on order from an existing 200 Lean customer for one Intevac(R) 200 Lean system.
Intevac Chief Executive Kevin Fairbairn commented: "We are pleased to now have a second customer that has given us a follow-on order for the 200 Lean, which is scheduled for delivery in the second half of 2005. We remain focused on making on-time deliveries and meeting our gross margin goals." The 200 Lean is Intevac's latest-generation disk manufacturing 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 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 production of multiple disk sizes, both aluminum and glass disks, and the growing number of process steps required by evolving roadmaps for advanced technologies such as perpendicular recording. 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) 200 Lean 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 the shipment of the 200 Lean system; timely deliveries; gross margins; 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 scheduled 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. SOURCE: Intevac, Inc.
Charles Eddy, 408-986-9888
or
Silverman Heller Associates
Dan Matsui/Gene Heller, 310-208-2550
