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Profile: Intevac Inc (IVAC.OQ)

IVAC.OQ on NASDAQ Stock Exchange Global Select Market

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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 a provider of digital night-vision technologies and products to the defense industry. The Company's segments include Thin-film Equipment and Photonics. Intevac, through Thin-film Equipment segment, is engaged in the design and development of thin-film processing systems. Its platforms are designed for high-volume manufacturing of substrates with thin-film properties, such as the hard drive media, display cover panel (DCP), and solar photovoltaic (PV) markets it serves. Intevac, through Photonics segment, is engaged in developing high-sensitivity digital sensors, cameras and systems that 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. The Company's Thin Film Equipment products include 200 Lean Disk Sputtering System, 200 Lean Etch and Deposition System, AccuLuber Disk Lubrication System, INTEVAC MATRIX Physical Vapor Deposition (PVD) System, INTEVAC MATRIX Implant System, ENERGi Implant System, INTEVAC VERTEX System and INTEVAC MATRIX System, among others. The Company manufactures its equipment products at its facilities in California and Singapore. Its operations include vacuum processing, and electromechanical and optical system assembly. It offers products for wafer-based crystalline silicon (c-Si) solar cell manufacturing processes. It offers over two vacuum process application technologies for solar cell manufacturing: PVD technology for the deposition of thin films onto c-Si wafers, and ion implantation, which changes the electrical characteristics of the c-Si solar cell.

Photonics Segment

The Company's Photonic segment develops, manufactures and sells compact digital-optical products for the capture and display of low-light images. These products incorporate high resolution digital 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. The Company's Photonic's products are used in the military night-vision market. It 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 for 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 are integrated with optics, electronics, software and displays based upon customer specifications and requirements.

The Company's products include Rifle Sight, Helicopter Pilotage, Fixed Wing Aircraft Pilotage, Long-Range Target Identification, Soldier Mobility and others. 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. Intevac provides a night-vision camera with an approximately two mega-pixel resolution EBAPS module, which is gimbal-mounted on the Apache helicopter. Intevac provides night-vision cameras with an approximately two 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 over 20 kilometers. Photonics' LIVAR camera is incorporated into long range target identification systems manufactured by the defense contractors. The head-mounted digital imaging systems allow low-light level and thermal imagery to be viewed individually or to be overlaid.

The Company offers near-eye display systems are used for portable viewing of video in military and commercial markets. Its eyeglass and helmet-mounted display systems provide high definition and a field-of-view in miniaturized light-weight and portable designs. The Company's I-Port helmet-mounted display provides solutions for markets, such as medical, industrial, commercial and military, including training and simulation. The Company's Commercial Products include Low-Light Cameras, which comprise the Company's MicroVista product line of commercial compact, and lightweight low-light Complementary Metal–Oxide–Semiconductor (CMOS) cameras, which are used in industrial inspection, bio-medical and scientific applications.

The Company competes with Canon Anelva, Applied Materials, Centrotherm Photovoltaics, Amtech, Jusung, Von Ardenne, CMC Electronics, Harris Corporation, L-3 Communications, DRS Technologies, FLIR Systems, Goodrich, Raytheon, Rockwell-Collins and Vuzix.

Company Address

Intevac Inc

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

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