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Intevac Receives Lean Solara" Order

^{Published on 2010-08-12 05:12:39 - Market Wire}
 

SANTA CLARA, Calif.--([ BUSINESS WIRE ])--Intevac, Inc. (Nasdaq:IVAC) announced today it has received an order for a LEAN SOLAR^a" deposition system for shipment in the first quarter of 2011.

"We are pleased to announce this purchase order from a new customer for use in the manufacturing of crystalline silicon solar cells"

aWe are pleased to announce this purchase order from a new customer for use in the manufacturing of crystalline silicon solar cells,a commented Kevin Fairbairn, president and chief executive officer of Intevac. aOur LEAN SOLAR thin film deposition system is capable of depositing both metal and transparent conductive oxide films, enabling high cell efficiencies and low costs per watt.a

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 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 ].

LEAN SOLAR^TM is a trademark, of Intevac, Inc.

Safe Harbor Statement

This press release includes statements that constitute aforward-looking statementsa within the meaning of the Private Securities Litigation Reform Act of 1995 (the aReform Acta). 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 amay,a abelieves,a aprojects,a aexpects,a or aanticipates,a and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: the timing of delivery, efficiency improvements and system throughput and cost. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the companya™s expectations. These risks include, but are not limited to: the delay of delivery of the LEAN SOLAR system and the failure to deliver on stated capabilities of such system, 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 companya™s regular filings with the U.S. Securities and Exchange Commission.