Christopher Smith to Join Intevac as Executive Vice President of Emerging Markets

Intevac, Inc. (NASDAQ:IVAC) today announced that Christopher Smith has joined the company as Executive Vice President of Emerging Markets, that today include our solar and semiconductor products, where he will be responsible for managing and growing Intevac’s capital equipment businesses.

Mr. Smith, with over 25 years of experience in the semiconductor and solar capital equipment markets, is joining Intevac from Oerlikon Solar, where he served as Senior Vice President Sales and Customer Support. Previously, Mr. Smith held senior management positions at Applied Materials and Cymer.

“We are very pleased to welcome Chris to the company in a key senior management position,” commented Kevin Fairbairn, president and chief executive officer of Intevac. “Chris has proven general management experience as well as extensive experience managing sales, service and business development in large and emerging equipment markets.”

Luke Marusiak, who held the position previously, will return to his earlier role as chief operating officer with responsibility for manufacturing, materials, customer service and corporate services.

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 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: market opportunity and company’s ability to grow its new businesses. 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: the ability of the company to grow its new businesses 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.