Intevac Receives One Order for its 200 Lean Gen II Magnetic Disk Sputtering System

Intevac, Inc. has received an order for one 200 Lean Gen II magnetic disk sputtering system. This system was shipped in the first quarter of 2008 for evaluation and will be recognized as revenue in the second quarter of 2008. While this system was included in the company’s financial guidance for the full year 2008, it was not included in the company’s financial guidance for the second quarter.

The 200 Lean Gen II is Intevac’s next-generation disk sputtering system, offering improved performance and reliability as well as 25% higher throughput compared to the original 200 Lean. The Gen II enables more magnetic disks to be manufactured per square foot of factory floor space, thereby reducing the overall cost per disk.

"We are pleased to receive sign off on our first 200 Lean Gen II system," commented Kevin Fairbairn, president and chief executive officer of Intevac. "The tool shipped in late March, achieved excellent results, and qualified rapidly."