Intevac Inc. Receives Order for 200 Lean(R) Systems; Four Systems Scheduled for Delivery in 2006.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Intevac, Inc. (Company) (Nasdaq:IVAC IVAC Islington Voluntary Action Council (England, UK) IVAC Insert Valid Access Card (satellite TV hacking) IVAC International Video & Audio Convention IVAC Idle Air Control Valve ) received an order for four 200 Lean(R) magnetic disk sputtering A popular method for adhering thin films onto a substrate. Sputtering is done by bombarding a target material with a charged gas (typically argon) which releases atoms in the target that coats the nearby substrate. It all takes place inside a magnetron vacuum chamber under low pressure. systems. Intevac Chief Executive Kevin Fairbairn stated: "These systems are scheduled for delivery and revenue recognition during the fourth quarter of 2006. In our first-quarter conference call on May 1, we projected that Intevac would deliver between 34 and 39 200 Leans for revenue during calendar 2006. With this order we have now either shipped or received orders for all except one of the systems needed to achieve the upper end of that range." The patented Intevac 200 Lean is Intevac's latest-generation disk sputtering system that provides significantly enhanced capabilities relative to the installed base of Intevac(R) MDP-250 systems. The 200 Lean provides higher throughput from a smaller footprint, which enables more magnetic disks to be manufactured per square-foot of factory floor space, and is designed to reduce overall cost of ownership. The 200 Lean's flexible and modular design In the context of systems engineering, modular design — or "modularity in design" — is an approach aiming to subdivide a system into smaller parts (modules) that can be independently created and then used in different systems to drive multiple functionalities. accommodates the production of multiple disk sizes, both aluminum and glass disks, and the growing number of thin-film process steps required by evolution toward advanced technologies such as perpendicular recording A method of digital recording on a magnetic disk in which the bits are in a vertical arrangement instead of horizontal in order to take up less space. Also called "vertical recording," perpendicular recording is expected to materialize with areal densities exceeding 200 gigabits per . About Intevac Intevac is the world's leading supplier of magnetic media sputtering equipment for the hard disk drive industry and a developer and provider of leading-edge extreme low-light imaging sensors, cameras, and systems. For more information call 408-986-9888, or visit the Company's website at www.intevac.com. 200 Lean(R) and Intevac(R) MDP-250 are registered trademarks of Intevac, Inc. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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, timing of shipments and revenue recognition of 200 Lean systems Lean manufacturing systems are aimed towards attaining the shortest cycle time by eliminating waste. Instead of allotting resources that would be required for future production, lean manufacturing systems focus on decreasing system response time so that the production system is able to , and performance, capabilities, and features of the 200 Lean. 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: failure to deliver systems as expected or failure of the systems to perform as expected, 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. |
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