Intevac Photonics Receives Additional Delivery Order for Digital Night Vision Camera Modules
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac Photonics, a subsidiary of Intevac, Inc. (NAS: IVAC) announced today it has received a follow-on order for digital night vision camera modules from our NATO customer. This order brings the total ordered to over 6,000 units with more than 5,000 shipped to date. Our digital night vision camera module incorporates Intevac's patented sensor design, which utilizes EBAPS® technology to produce digital imaging sensors and cameras for extreme low light-level detection.
"We are very pleased to receive this additional production order with deliveries that will continue to this customer through 2014," commented Drew Brugal, Executive Vice President and General Manager of Intevac Photonics. "This is the largest ground force deployment for our digital night vision camera module and exemplifies Intevac's position as a leading supplier of digital night vision products to the military."
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.
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 manufacturing of leading-edge, high-sensitivity imaging products and vision systems. Our products primarily address the defense markets.
For more information call 408-986-9888, or visit the company's website at www.intevac.com.
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 timing of expected shipments. 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: failure of the products to perform as expected, be available as expected, or address various applications, 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.
Jeff Andreson, 408-986-9888
Chief Financial Officer
Linda Grantham, 408-986-9888
KEYWORDS: United States North America California
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