SANTA CLARA, Calif. — BUSINESS WIRE — June 12, 2006
Intevac, Inc. (Company) (Nasdaq:IVAC) received an order for four 200 Lean® magnetic disk sputtering systems.
Intevac Chief Executive Kevin Fairbairn stated: "These systems are scheduled for delivery and revenue recognition during the fourth quarter of 2006. In our first-quarter conference call on May 1, we projected that Intevac would deliver between 34 and 39 200 Leans for revenue during calendar 2006. With this order we have now either shipped or received orders for all except one of the systems needed to achieve the upper end of that range."
The patented 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.
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. 200 Lean® and Intevac® MDP-250 are registered trademarks of Intevac, Inc.
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.
