Intevac Receives $27 Million Production Contract From U.S. Army

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Intevac Receives $27 Million Production Contract From U.S. Army

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac Photonics, a subsidiary of Intevac, Inc., (NAS: IVAC) announced today it has received a contract for $27 million for the production of night vision cameras for the Apache Helicopter's Pilot Night Vision Sensor (PNVS) program for the U.S. Army. This contract, from the U.S. Army's PM Apache Office in Huntsville, Alabama, includes the delivery of over 500 M611 cameras, which are based on Intevac's patented EBAPS® (Electron Bombarded Active Pixel Sensor) design of digital imaging sensors for extreme low-light level detection.

"This is the largest contract award Intevac Photonics has received and is a direct result of our successful development work with the U.S. Army over the past year. This demonstrates the ongoing success in the fielding of our core EBAPS sensor technology for key U.S. Military platforms and applications, and our ability to deliver system-level night vision products," commented Drew Brugal, Executive Vice President and General Manager of Intevac Photonics.

About Intevac

Intevac was founded in 1991 and has two businesses: Equipment and Intevac Photonics.

In our Equipment business, we are a leader in the design, development and manufacturing of high-productivity, vacuum process equipment solutions. Our systems are production-proven for high-volume manufacturing of small substrates with precise thin film properties, such as those required in the hard drive and solar cell markets we currently serve.

In the hard drive industry, our 200 Lean® systems process approximately 60% of all magnetic disk media produced worldwide. In the solar cell manufacturing industry, our LEAN SOLAR™ systems increase the conversion efficiency of silicon solar cells.

In our Photonics business, we are a leader in the development and manufacture of leading-edge, high-sensitivity imaging products and vision systems. Our products primarily address the defense markets.

EBAPS®, 200 Lean® and LEAN SOLAR™ are trademarks of Intevac, Inc.

For more information call 408-986-9888, or visit the company's website at

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: expected release of the incremental delivery orders against this Contract, and the expected timing of deliveries. These 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: our ability to meet the technical and delivery requirements for this contract 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.

Jeff Andreson, 408-986-9888
Chief Financial Officer
Claire McAdams, 530-265-9899
Investor Relations

KEYWORDS:   United States  North America  Alabama  California


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