Intevac Receives First High Volume LIVAR Production Order

Intevac Photonics, a subsidiary of Intevac, Inc. (Nasdaq:IVAC) announced today it has received a multi-million dollar initial phase production order for LIVAR® M506 cameras from a major U.S. Defense Contractor, with shipments expected within the next twelve months. This order represents the first production lot of a multi-year business opportunity for LIVAR (Laser Illuminated Viewing and Ranging) cameras, estimated in excess of $20 million over the next five years for this particular program.

“We are very pleased to receive this production order, as it is a significant milestone in the application of our LIVAR camera in the precision targeting and identification market,” commented Joe Pietras, Executive Vice President and General Manager of Intevac Photonics. “The unique sensitivity of our LIVAR camera enables high definition imaging for long distances in both day and night conditions, which is vital in long-range target detection applications.”

The LIVAR M506 imaging camera operates in the short wave infrared portion of the light spectrum for multiple military applications, from surveillance to long range targeting and identification on both airborne and ground based applications.

About Intevac

Intevac was founded in 1991 and has two businesses: Equipment and Intevac Photonics.

Equipment Business: We are a leader in the design, manufacture 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, and offer advanced etch technology systems as well as high productivity solutions for other non-magnetic thin film applications.

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, law enforcement, industrial, physical science and life science.

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, the expected value of the LIVAR program and deliveries of LIVAR cameras. 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 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.