SANTA CLARA, Calif. — BUSINESS WIRE — November 17, 2005
Intevac, Inc. (Company) (Nasdaq: IVAC) announced the opening of its Shenzhen field operations office in the People's Republic of China.
Intevac Chief Executive Kevin Fairbairn remarked: "I am pleased to announce that Intevac has initiated operations in the Peoples Republic of China with the establishment of field operations in Shenzhen. This office will provide support to our customer, Hitachi Global Storage Technologies. We are pleased that Dirk R. Thomas, President, Hitachi Global Storage Products (Shenzhen), Greater China, and Lian Hua, Deputy Director, Bureau of Development and Reform of Shenzhen Municipal Hi-tech Industry Department, were among the attendees at our formal opening ceremony.
"The Shenzhen office augments our existing Singapore capability and is part of our plan to stay close to our customers and expand operations in Asia," Fairbairn added. "In 2006 we plan to open another field office in Thailand and begin implementing manufacturing and engineering activities in Asia."
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, customer support, expansion, future office openings, and business activities. 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, or recognize revenue, on systems as scheduled, each of which could have a material impact on our business, our financial results and our stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission.
CONTACT: Intevac, Inc.
Charles Eddy, 408-986-9888
or
Silverman Heller Associates
Dan Matsui/Gene Heller, 310-208-2550
SOURCE: Intevac, Inc.
