SANTA CLARA, Calif. — BUSINESS WIRE — October 7, 2003
Intevac, Inc. (Nasdaq:IVAC) received an order for eight Intevac(R) 200 Lean disk deposition systems. The order provides for the delivery of all eight systems during the first half of calendar 2004.
Kevin Fairbairn, Intevac CEO, commented: "We are very pleased to receive this order for the first production rollout of Intevac's new 200 Lean disk deposition system. This order is further evidence that the hard disk drive media industry is entering a new investment cycle, after making no significant investments in new capacity since 1998. The new investment cycle is being driven by the need to add capacity in the short term and the need to begin retooling the installed base of deposition equipment in preparation for the introduction of advanced media technologies.
"The 200 Lean is our latest-generation system," Fairbairn continued, "and provides significantly enhanced capabilities relative to the installed base of more than 90 Intevac(R) MDP-250B systems. The 200 Lean provides higher throughput from a smaller footprint, which enables more disks to be manufactured per square-foot of factory. The flexible design of the 200 Lean allows rapid reconfiguration to accommodate product changeovers and new media technology. The modular design of the 200 Lean also allows our customer to easily add additional 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) 200 Lean, Intevac(R) MDP-250B 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 investment cycles, technology trends, projected 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.
