$11 Million HDD Lean 200 Order Received by Intevac

Intevac, Inc. receives an $11 million order for 200 Lean systems.

These systems are currently scheduled to be delivered in 2H3.

“We are pleased to announce our fourth significant HDD order within the last six months,” said Nigel Hunton, president and CEO. “In November of last year, we announced a $10 million order that represented the very beginning of the media capacity addition plans for the industry. In February, we announced a multi-year refurbishment and upgrade agreement valued at over $20 million, which will add media capacity for this leading storage customer. Last month, we announced a $54 million system order, which was followed up by today’s order announcement for an additional $11 million in systems. Our visibility and backlog are the strongest we’ve seen in at least 12 years, and we have firmly established the 200 Lean as the platform of choice for all media capacity being added to the industry right now.“