Intevac Announces Multi-System HDD Order for 200 Lean® Systems
October 25 2018 - 9:00AM
Business Wire
Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film
processing systems, today announced the receipt of an order for
four 200 Lean® systems. With this order, backlog for the 200
Lean grows to seven systems, six of which are scheduled to ship in
2019.
“We are very pleased to announce a multi-system order for our
industry-leading 200 Lean systems,” said Wendell Blonigan,
president and chief executive officer of Intevac. “Over the past
couple of years, our hard drive business has strengthened as a
result of the growth in demand for high-performance nearline
drives, which require the latest technology available for HDD
magnetic media sputtering. At the same time, media unit demand in
2018 has well outpaced all previous estimates, and has returned to
year-over-year growth for the first time since 2010.”
“This order reflects our ongoing partnerships with our customers
and the increasing demand for the industry’s most advanced media
technology,” said Jay Cho, executive vice president and general
manager of Intevac’s Thin-film Equipment business.
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/20181025005299/en/
Intevac, Inc.James Moniz, 408-986-9888Chief Financial
OfficerorClaire McAdams, 530-265-9899Investor Relations
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