SANTA CLARA, Calif. — BUSINESS WIRE — August 14, 2006
Intevac, Inc. (Company) (Nasdaq:IVAC) named Dr. Joseph Pietras to the new position of Vice President and General Manager of its Imaging business.
Prior to joining Intevac, Pietras, who holds a Ph.D. degree in physics from Columbia University, was General Manager of Sarnoff Imaging Systems, a developer of leading-edge imaging technology and products for aerospace, defense, semiconductor, and scientific instrumentation industries; providing custom and OEM image sensors and high-performance digital imaging cameras. Pietras was also Vice President of Operations for several imaging divisions of Roper Industries, Inc., specializing in the design and manufacture of high-performance cameras and light-detection systems for physical science, life science, and automotive applications.
Intevac Chief Executive Kevin Fairbairn commented: "Joe brings proven technical, operational and leadership skills to Intevac's imaging business, and his track record of successfully moving products into manufacturing and launching them into the marketplace make him ideal for leading the transition of Intevac's imaging business from technology development to commercial production."
About Intevac
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.
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, the transition of the Company's imaging business from development to production. 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 new products as expected or failure of those products 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.
