Intevac Announces Orders for Multiple 200 Lean® Systems
20 June 2018 - 11:00PM
Business Wire
Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film
processing systems, today announced the receipt of orders for
multiple 200 Lean® systems. The orders for three 200 Lean
systems, received this week, will be equipped with the latest
technology enhancements for HDD magnetic media sputtering. The
first of the three systems is scheduled to ship in the fourth
quarter of 2018, with the remaining two systems scheduled to ship
in 2019.
“We are pleased to announce multiple system orders for our
industry-leading 200 Lean sputtering tools,” said Wendell Blonigan,
president and chief executive officer of Intevac. “These orders
demonstrate our media processing technology leadership position, as
well as the positive outlook in the HDD industry as a whole.”
“The orders also reflect our strong partnerships with our
customers and the strategic need for our latest technology,” said
Jay Cho, executive vice president and general manager of Intevac’s
Thin-film Equipment business. “These systems will upgrade our
customers’ existing manufacturing capacity, in support of their
technology and product roadmaps.”
About the 200 Lean
Intevac’s 200 Lean is the world’s leading production deposition
tool for Hard Disk Drive (HDD) media manufacturing. The system
takes advantage of Intevac’s portfolio of technology innovations
that improve disk media performance while utilizing an efficient
platform design that provides high throughput from a small
footprint. The 200 Lean delivers the industry’s best output per
square-foot of factory floor space and lowest cost of
ownership.
200 Lean® is a registered trademark of Intevac, Inc.
About Intevac
Intevac was founded in 1991 and has two businesses: Thin-film
Equipment and Photonics.
In our Thin-film Equipment business, we are a leader in the
design and development of high-productivity, thin-film processing
systems. Our production-proven platforms are designed for
high-volume manufacturing of substrates with precise thin film
properties, such as the hard drive media, display cover panel, and
solar photovoltaic markets we serve currently.
In our Photonics business, we are a recognized leading developer
of advanced high-sensitivity digital sensors, cameras and systems
that primarily serve the defense industry. We are the provider of
integrated digital imaging systems for most U.S. military night
vision programs.
For more information, call 408-986-9888 or visit the Company's
website at www.intevac.com.
Forward-Looking Statements
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 timing of the 200 Lean shipments. 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, the
failure to meet planned shipment dates, 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 periodic filings with the U.S. Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20180620005437/en/
Intevac, Inc.James Moniz, 408-986-9888Chief FinancialorClaire
McAdams, 530-265-9899Investor Relations
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