SANTA CLARA, Calif. — BUSINESS WIRE — May 21, 2003
Intevac Announces Contract for LIVAR Sensor Manufacturing and Technology Development for the Systems for Airborne Laser Sensing and Analysis --"SALSA'' -- Program
Intevac, Inc. (Nasdaq:IVAC) today announced that it has been awarded a four-year, $22,513,688 cost-reimbursable, cost-plus, fixed-fee contract for LIVAR® sensor manufacturing and technology development for the Systems for Airborne Laser Sensing and Analysis ("SALSA") Program. The contracting agency is the Air Force Research Laboratory, Phillips Research Site, Directed Energy Directorate, Kirtland Air Force Base, N.M. At this time, incremental funding of $1,000,000 of the $22,513,688 contract has been released to Intevac. Ongoing program-year funding of the contract will be contingent on annual appropriations made by Congress.
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.
LIVAR® is a trademark of Intevac, Inc.
CONTACT:
Intevac, Inc.
Charles Eddy, 408/986-9888
or
Silverman Heller Associates
Dan Matsui/Eugene Heller, 310/208-2550
SOURCE: Intevac, Inc.
