Intevac Receives $5 Million EVA Digital Night-Vision Sensor Contract
December 14 2020 - 4:05PM
Business Wire
Intevac, Inc. (Nasdaq: IVAC) announced today it has received a
$5 million development contract award from Collins Aerospace in
support of the U.S. Navy-funded Enhanced Visual Acuity (EVA)
Program that will help U.S. Navy and Marine Corps pilots execute
their missions more effectively under low-light conditions. Intevac
will supply their latest ISIE19 EBAPS® digital night-vision sensor
as part of the development effort.
“This will be the first announced night-vision program with a
future production path incorporating our latest ISIE19 EBAPS®
sensor,” commented Timothy Justyn, executive vice president and
general manager of Intevac Photonics. “We are excited to provide
the benefits this sensor brings to our naval aviators.”
“This contract award demonstrates the U.S. military’s continued
commitment to digital night vision technology for the future,”
added Wendell Blonigan, president and chief executive officer of
Intevac.
Intevac's digital night-vision sensors, based on its patented
Electron Bombarded Active Pixel Sensor (EBAPS®) technology, provide
state-of-the-art capability to the most advanced avionic fighting
platforms in the U.S. Department of Defense inventory.
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 future production path of the EVA program. 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: changes
in the future production path, 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/20201214005787/en/
James Moniz Chief Financial Officer (408) 986-9888
Claire McAdams Investor Relations (530) 265-9899
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