Profile: Intevac Inc (IVAC.OQ)

IVAC.OQ on NASDAQ Stock Exchange Global Select Market

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Intevac, Inc. (Intevac), incorporated in October 1990, provides process manufacturing equipment solutions to the hard disk drive industry and manufacturing equipment and inspection solutions to the photovoltaic (PV) industry. Intevac also provides sensors, cameras and systems for government applications, such as night vision and long-range target identification, and for commercial applications in the inspection, medical, scientific and security industries. Intevac’s customers include manufacturers of hard disk drives and PV cells, as well as the United States government and its agencies and contractors, medical, scientific and security companies, and law enforcement. The Company operates in two segments: Equipment and Intevac Photonics. In January 2012, Intevac divested the semiconductor mainframe technology and sold certain assets of its semiconductor mainframe technology to Brooks Automation, Inc. The Company operates in the regions of the United States, Asia (Singapore, China, Japan and Malaysia) and Europe.

Equipment Segment

Intevac designs, manufactures, markets and services capital equipment used to deposit thin films onto magnetic disks that are used in hard disk drives, and also equipment to lubricate these disks. The manufacturers use the Company’s solutions to produce magnetic disks in a manufacturing process involving various steps, including plating, annealing, polishing, texturing, sputtering, etching, stripping and lubrication. It is used by manufacturers of magnetic media, such as Seagate Technology, Hitachi Global Storage Technologies, Fuji Electric, Showa Denko and Western Digital. The Intevac AccuLuber lubricates disks by depositing a thin film of lubricant on the disk while it is under vacuum, thus, eliminating the use of solvents, which are environmentally hazardous and expensive to procure, store and dispose.

Intevac designs, manufactures and markets capital equipment for the PV solar manufacturing industry. Intevac’s NanoVista Photoluminescence Inspection System is used in photovoltaic cell inspection.

Intevac Photonics Segment

Intevac Photonics segment develops, manufactures and sells digital-optical products for the capture and display of low-light images and materials identification. These products include digital image sensors operating in the visible and near infrared (NIR) light spectrums and are based on Intevac’s electron bombarded active pixel sensor (EBAPS) technology. Intevac’s EBAPS sensors are used for military applications. Intevac’s EBAPS sensors can be integrated at various levels with optics, electronics, software, and displays as per customer specifications and requirements.

Intevac offers 1.3 and 2 mega-pixel EBAPS modules that are installed to a weapon sight attached to weaponry, including rifles for night time aiming and targeting. Intevac offers a night-vision camera with a 2 mega-pixel resolution EBAPS module, which is gimbal- mounted on the helicopter. The digital video is then viewable by the helicopter pilot on a head mounted display enabling the pilot to fly at night time, and in adverse conditions. Intevac offers night-vision cameras with 1.3 and 2 mega-pixel resolutions which are installed to a fighter pilot’s helmet, and enables the pilot to fly at night time, and in adverse conditions. Intevac offers the laser illuminated viewing and ranging (LIVAR) shortwave-infrared (SWIR), camera for long range military nighttime surveillance systems that can identify targets at distances of up to 20 kilometers. Intevac Photonics’ LIVAR camera is installed to long range target identification systems manufactured by defense contractors. Intevac’s I-Port helmet-mounted display provides solutions for markets, such as medical, industrial, commercial and military, including for training and simulation.

Intevac Photonics’ MicroVista product line of commercial complementary metal-oxidesemiconductor (CMOS) cameras provides sensitivity in the ultraviolet, visible or net radio interference (NIR) regions of the spectrum. MicroVista’s camera design can be used in industrial inspection, bio-medical and scientific applications.

The Company competes with Applied Materials, Veeco Instruments, Centrotherm Photovoltaics, Roth & Rau AG, Von Ardenne, CMC Electronics, DRS, FLIR Systems, Goodrich, Raytheon, Rockwell-Collins, Vuzix, BAE, Andor, Dalsa, E2V, Hamamatsu, Roper, B&W Tek, GE Security, HoribaJobin Yvon, Ocean Optics, Renishaw, Thermo Scientific and Smiths Detection.

Company Address

Intevac Inc

3560 Bassett St
SANTA CLARA   CA   95054-2704
P: +1408.9869888
F: +1302.6555049

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