Intevac, Inc. (Nasdaq:IVAC) announced today it has received an order for one 200 Lean® Gen II magnetic disk sputtering system. This system was shipped in the first quarter of 2008 for evaluation and will be recognized as revenue in the second quarter of 2008. While this system was included in the company’s financial guidance for the full year 2008, it was not included in the company’s financial guidance for the second quarter.
The 200 Lean Gen II is Intevac’s next-generation disk sputtering system, offering improved performance and reliability as well as 25% higher throughput compared to the original 200 Lean. The Gen II enables more magnetic disks to be manufactured per square foot of factory floor space, thereby reducing the overall cost per disk.
“We are pleased to receive sign off on our first 200 Lean Gen II system,” commented Kevin Fairbairn, president and chief executive officer of Intevac. “The tool shipped in late March, achieved excellent results, and qualified rapidly.”
About Intevac
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 advanced etch technology systems to the semiconductor industry.
Imaging Instrumentation Business: Intevac is a leader in the development of leading edge, high-sensitivity imaging products, vision systems and miniature Raman instruments. Markets addressed include military, industrial, physical science and life science.
For more information call 408-986-9888, or visit the company’s website at www.intevac.com.
Contacts:
Jeff Andreson, 408-986-9888
Chief Financial
Officer
or
Claire McAdams, 530-274-0551
Investor Relations
