SANTA CLARA, Calif. — BUSINESS WIRE — August 11, 2003
Intevac, Inc. (Nasdaq:IVAC) today announced the signing of a multi-year Capital Equipment Supply Agreement with one of its customers to supply Intevac(R) 200 Lean thin-film disk deposition systems, and the receipt of orders for two systems under that agreement.
The deliveries of the two systems are expected late in 2003. Deliveries of production systems are expected to begin in 2004. Orders for production systems are contingent on a number of factors, including market demand and the qualification of the Intevac(R) 200 Lean by the customer.
Kevin Fairbairn, Intevac CEO, commented: "I am very pleased that our customer has chosen the Intevac(R) 200 Lean thin-film deposition system. The Intevac(R) 200 Lean is our latest generation system and will provide significantly enhanced capabilities relative to our current Intevac(R) MDP-250B systems. The Intevac(R) 200 Lean provides higher throughput from a smaller footprint, which will enable more disks to be manufactured per square foot of factory. The flexible design of the Intevac(R) 200 Lean will allow quick reconfiguration of customers' systems to accommodate product changeovers and new media technology. The modular design of the Intevac(R) 200 Lean is designed to also allow easy additions of process steps as advanced media technologies, such as perpendicular recording, are introduced."
About Intevac
Intevac 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. Intevac is also 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(R), a long-range target identification system, and video cameras with night vision capability. For more information call 408-986-9888 or visit the Company's website at www.intevac.com.
Intevac(R) MDP-250B, Intevac(R) 200 Lean and LIVAR(R) are trademarks 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, statements related to the delivery dates and expected performance for its 200 Lean thin-film deposition 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 in the Company's regular filings with the Securities and Exchange Commission.
CONTACT:
Intevac, Inc.
Charles Eddy, 408-986-9888
or
Silverman Heller Associates
Dan Matsui/Eugene Heller, 310-208-2550
SOURCE: Intevac, Inc.
