Intevac Announces Additional HDD Order for 200 Lean System
June 12 2017 - 9:00AM
Business Wire
Intevac, Inc. (Nasdaq:IVAC), a leading supplier of thin-film
processing systems, today announced the receipt of an order for an
additional 200 Lean® system, which will be equipped with the latest
technology enhancements for HDD magnetic media sputtering.
Scheduled to ship in early 2018, this order brings the company’s
200 Lean backlog to six systems.
“We are pleased to announce an additional order for our
industry-leading 200 Lean,” said Wendell Blonigan, president and
chief executive officer of Intevac. “This order is a continuation
of the ongoing technology upgrade of existing manufacturing
capacity, in support of our customer’s 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: http://www.businesswire.com/news/home/20170612005341/en/
Intevac, Inc.James Moniz, 408-986-9888Chief Financial
OfficerorClaire McAdams, 530-265-9899Investor Relations
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