Intevac, Inc. (Company) (Nasdaq:IVAC) received orders for five 200 Lean® magnetic disk sputtering systems scheduled for delivery in 2008.
Intevac Chief Executive Kevin Fairbairn stated: “We are very pleased to receive these orders which reflect our customer’s commitment to invest in leading edge media technology production capacity. The systems are scheduled to be installed in the second and third quarters of the year."
The 200 Lean is Intevac’s disk sputtering system that 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 compact, cost-effective, high-sensitivity digital-optical products for the capture and display of low-light images and the optical analysis of materials. We provide sensors, cameras and systems for commercial applications in the inspection, medical, scientific and security industries, and for government applications such as night vision and long-range target identification.
For more information call 408-986-9888, or visit the Company’s website at www.intevac.com.
Jeff Andreson, 408-986-9888
Chief Financial Officer
Headgate Partners LLC
Claire McAdams, 530-274-0551