Intevac, Inc. (Company) (Nasdaq:IVAC) announced today it has received an order for one 200 Lean® magnetic disk sputtering system, scheduled for delivery in the first quarter of 2008.
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.
Intevac was founded in 1991 and has two businesses: Equipment and Imaging Instrumentation.
Equipment Business: Intevac is a leader in the design, manufacture and marketing of high-productivity “lean” manufacturing systems and has been producing “Lean Thinking” platforms since 1994. We are the leading supplier of magnetic media sputtering equipment to the hard disk drive industry and offer leading-edge, high-productivity etch systems to the semiconductor industry.
Imaging Instrumentation Business: Intevac is a leader in the development of leading-edge, high-sensitivity imaging products and miniature Raman instruments. We provide sensors, cameras and systems for government applications such as night vision and long-range target identification and we provide cameras and Raman systems 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® is a registered trademark 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.
Jeff Andreson, 408-986-9888
Chief Financial Officer
Headgate Partners LLC
Claire McAdams, 530-274-0551