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Profile: Intevac Inc (IVAC.OQ)

IVAC.OQ on NASDAQ Stock Exchange Global Select Market

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22 Aug 2017
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Intevac, Inc. (Intevac), incorporated on May 25, 2007, is a provider of vacuum deposition equipment for a range of thin-film applications, and digital night-vision technologies and products to the defense industry. The Company's segments include Thin-film Equipment and Photonics. Intevac is engaged in the design and development of thin-film processing systems. Its platforms are designed for manufacturing of substrates with thin-film properties, such as the hard drive media, display cover panel (DCP), and solar photovoltaic (PV) markets. Intevac is engaged in developing high-sensitivity digital sensors, cameras and systems that primarily serve the defense industry. It provides integrated digital night vision imaging systems for the United States military.

Thin-film Equipment Segment

The Company designs, manufactures, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives. It develops equipment to deposit optically transparent thin films onto DCPs typically found on consumer and automotive electronic products. Intevac is involved in marketing a Scratch Protection (SP) coating known as Optical Diamond-like-Carbon (oDLC) utilizing its production-proven carbon film technology that is also used on hard disk drive media. It offers products for wafer-based crystalline silicon (c-Si) solar cell manufacturing processes. It provides two vacuum process application technologies for solar cell manufacturing, one utilizes Physical Vapor Deposition (PVD) technology for the deposition of thin films onto c-Si wafers, and the other utilizes ion implantation, which changes the electrical characteristics of the c-Si solar cell.

Thin film equipment products include 200 Lean Disk Sputtering System, 200 Lean Etch and Deposition System, AccuLuber Disk Lubrication System, INTEVAC VERTEX System, INTEVAC MATRIX Implant System, ENERGi Implant System and INTEVAC MATRIX System. The Company manufactures its thin-film equipment products at its facilities in California and Singapore. Its thin-film equipment manufacturing operations include electromechanical assembly, vacuum processing, fabrication of sputter sources, and system assembly, alignment and testing.

Photonics Segment

Photonic segment develops, manufactures and sells compact digital-optical products for the capture and display of low-light images. Its products incorporate high resolution digital night-image sensors operating in the visible and near infrared (NIR) light spectrums and are based on the Company's Electron Bombarded Active Pixel Sensor (EBAPS) technology. Photonics products are used in the military night-vision market. The Company provides the Photonic products for military aircraft, including the United States Army AH-64 Apache Attack Helicopter and the F-35 Joint Strike Fighter. The Company also develops applications to address ground vehicles, and soldier head-mounted and weapon-mounted applications. The Company's EBAPS sensors are incorporated into custom-designed cameras, modules and goggle products for military applications. Its EBAPS sensors can be integrated with optics, electronics, software and displays based upon customer specifications and requirements.

The Company's products include Helicopter Pilotage, Fixed Wing Aircraft Pilotage, Long-Range Target Identification, Soldier Mobility, Rifle Sight and others. Intevac provides a night-vision camera with a 2.0 mega-pixel resolution EBAPS module, which is turret-mounted on the Apache helicopter. Intevac provides night-vision cameras with 2.0 mega-pixel resolution EBAPS module, which is integrated with the F-35 fighter pilot's helmet and enables the pilot to have enhanced night vision incorporating navigational and tactical information. Intevac provides the Laser Illuminated Viewing and Ranging (LIVAR) shortwave-infrared camera for long range military night time surveillance systems that can identify targets at distances of up to 20 kilometers. Photonics' LIVAR camera is incorporated into long range target identification systems manufactured by a defense contractor. The head-mounted digital imaging systems are focused on allowing low-light level and thermal imagery to be viewed individually or to be overlaid. Intevac provides head-mounted displays for applications in Virtual Reality (VR), simulation, training, and wireless weapon sights. The Company provides EBAPS modules that are integrated by its customers into a weapon sight attached to weaponry, including rifles for night time aiming and targeting.

Photonics products are manufactured at Intevac's facilities in California. Photonics segment manufactures sensors, cameras, integrated camera systems, and near-eye display systems using manufacturing techniques and equipment. Photonics' MicroVista product line of commercial compact and lightweight low-light Complementary Metal-Oxide-Semiconductor (CMOS) cameras provide high sensitivity in the ultraviolet, visible or NIR regions of the spectrum for use in industrial inspection, bio-medical and scientific applications.

The Company competes with Canon Anelva, Applied Materials, Centrotherm Photovoltaics, Amtech, Jusung, Von Ardenne, Harris Corporation, L-3 Communications, Rockwell-Collins, Kopin and Six 15 Technologies.

Company Address

Intevac Inc

3560 Bassett St
SANTA CLARA   CA   95054-2704
P: +1408.9869888
F: +1408.9888145

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