CLARA, Calif. — BUSINESS WIRE — July 8, 2003
Intevac, Inc. (Nasdaq:IVAC) today announced that it has been awarded a $684,500 contract from Los Alamos National Laboratory for development of a prototype advanced single-photon sensor.
Verle Aebi, president of Intevac's photonics technology division, said: "The new sensor offers three-dimensional imaging capability to Intevac's LIVAR® long-range target identification system that significantly enhances the value of LIVAR® for use in automated target identification systems by giving LIVAR® the capability to image the shape of a target. Shape recognition is critical to the development of advanced military target identification systems that automatically compare the shape of a target to known shapes as part of the identification process."
Kevin Fairbairn, Intevac CEO, commented: "This contract further validates the importance of Intevac's LIVAR® technology. The addition of 3D capability to Intevac's LIVAR® target identification system will further enhance its value for the United States military, its allies and for homeland defense applications."
Under the contract, Intevac will develop a prototype sensor that will enable its LIVAR® target identification system to generate three-dimensional images. The new sensor, under development for the Department of Energy by Sandia National Laboratories and Los Alamos National Laboratory, will combine Intevac's patented LIVAR® photocathode with an advanced CMOS chip, developed by Rockwell Scientific Company, utilizing advanced ultra-high vacuum packaging technology developed by Intevac.
LIVAR® is a trademark of Intevac, Inc.
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.
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, statements related to the development, expected performance and the expected markets for its 3D LIVAR® sensors and LIVAR® target identifications systems. 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 and other factors are detailed the Company's regular filings with the Securities and Exchange Commission.
SOURCE: Intevac, Inc.
CONTACT:
Intevac, Inc.
Charles Eddy, (408) 986-9888
or
Silverman Heller Associates
Dan Matsui/Eugene Heller, (310) 208-2550
