SANTA CLARA, Calif.--BUSINESS WIRE--Intevac, Inc. NASDAQ:IVAC today announced an order for four 200 Lean®
magnetic disk sputtering systems, scheduled for delivery in the summer
of 2010.
“The hard drive industry is challenged to meet the seasonal
demand in the second half of 2009. This incremental new capacity is
needed to support the growth expected during the second half of this
year.”
“We are very pleased to receive this new order for our 200 Lean system,”
commented Kevin Fairbairn, president and chief executive officer of
Intevac. “The hard drive industry is challenged to meet the seasonal
demand in the second half of 2009. This incremental new capacity is
needed to support the growth expected during the second half of this
year.”
About Intevac
Intevac was founded in 1991 and has two businesses: Equipment and
Intevac Photonics.
Equipment Business: We are a leader in the design, development 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 to the hard drive industry
and offer high-productivity technology solutions to the photovoltaic and
semiconductor industries.
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, industrial, medical and scientific.
For more information call 408-986-9888, or visit the company's website
at www.intevac.com.
200 Lean® is a registered trademark of
Intevac, Inc.
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
need for capacity additions in 2010 and 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: continued demand in the hard drive industry and failure to
meet planned shipment dates, 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.