Intevac, Inc. (Company) (Nasdaq:IVAC) received orders for two 200 Lean® magnetic disk sputtering systems scheduled for delivery in the third quarter of 2007.
Kevin Fairbairn, chief executive officer of Intevac, stated: “We are pleased to receive these orders, which support our customer’s plan to retire legacy MDP-250 systems and replace them with perpendicular-capable 200 Lean systems."
The 200 Lean is Intevac’s latest-generation disk sputtering system that provides significantly enhanced capabilities relative to the installed base of Intevac® MDP-250 systems. The 200 Lean provides higher throughput from a smaller footprint, which enables more magnetic disks to be manufactured per square foot of factory floor space, and is designed to reduce overall cost of ownership. The 200 Lean’s flexible and modular design accommodates the production of multiple sizes of both aluminum and glass disks, as well as the growing number of thin-film process steps required by the adoption of advanced technologies such as perpendicular recording.
About Intevac
Intevac has two businesses: Equipment and Imaging.
Equipment Business: Intevac is a world leader in the design, manufacture and marketing of high-productivity “lean” manufacturing systems. We are the leading supplier of magnetic media sputtering equipment for the hard disk drive industry and are developing leading-edge, high-productivity systems for the semiconductor industry.
Imaging Business: Intevac is a world leader in the development of leading-edge, high-sensitivity imaging products. We provide sensors, cameras and systems for military applications such as night vision and long-range target identification and we provide cameras and Raman spectrometers to the industrial, physical science and life science markets.
For more information call 408-986-9888, or visit the Company’s website at www.intevac.com
200 Lean® and Intevac® MDP-250 are registered 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, scheduled deliveries and revenue recognition of 200 Lean systems, and performance, capabilities, and features of the 200 Lean. 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 systems as expected or failure of the systems 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.
