Intevac Receives $18M Multi-Year Purchasing Agreement for Digital Night Vision Camera Modules

Intevac Photonics, a subsidiary of Intevac, Inc. (Nasdaq:IVAC) announced today it has received a multi-year $18 million Purchasing Agreement for its digital night vision camera module from a NATO customer. Initial production orders of $5 million were released within this agreement and are expected to ship over the next twelve months. The remaining production deliveries are expected to occur over the next five years. Our digital night vision camera module incorporates Intevac’s patented sensor design, which utilizes CMOS technology to produce digital imaging sensors and cameras for extreme low light-level detection.

“We are very pleased to receive this high volume Purchasing Agreement and its associated production orders for our digital night vision camera module,” commented Joe Pietras, Executive Vice President and General Manager of Intevac Photonics. “This business opportunity will extend Intevac’s position as a leading supplier of digital night vision products for military applications.”

About Intevac

Intevac was founded in 1991 and has two businesses: Equipment and Intevac Photonics.

Equipment Business: We are a leader in the design, development and marketing of high-productivity lean manufacturing systems and have been producing Lean Thinking platforms since 1994. We are the leading supplier of magnetic media processing systems to the hard drive industry and offer high-productivity technology solutions to the photovoltaic and semiconductor industries.

Intevac Photonics: We are a leader in the development and manufacture of leading edge, high-sensitivity imaging products and vision systems, as well as table-top and handheld Raman instruments. Markets addressed include military, industrial, medical and scientific.

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 expected value of the agreement and of the timing of expected shipments. These 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 of the products to perform as expected, be available as expected, or address various applications, 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.