Intevac, Inc. Announces Order for Rapid Thermal Processing System From First Taiwanese Customer

Apr 10, 2001, 01:00 ET from Intevac, Inc.

    SANTA CLARA, Calif., April 10 /PRNewswire/ --
 Intevac, Inc. (Nasdaq:   IVAC), today announced receipt of a purchase order for
 a Rapid Thermal Processing ("RTP") system from a new customer in Taiwan.
 This is the third RTP system order received by Intevac since the beginning of
 this year.
     Ajit Rode, Intevac's President & CEO, said, "This order broadens our
 customer base and reinforces our diversification into Flat Panel Display
 ("FPD") manufacturing equipment.  FPD's are used in a multitude of electronic
 products including laptop computers, handheld digital assistants and cell
 phones, and we believe this market provides a growth opportunity for Intevac.
 Stanford Resources projects that the market for active liquid crystal displays
 will grow from $11.3 billion in 1999 to $23.7 billion in 2005."
     Dan Gentry, Intevac's Vice President of Sales and Marketing said, "This is
 our first order for a RTP system from Taiwan and it comes from a customer that
 is well established in the industry.  The system is earmarked for a research
 and development application in which the customer plans to do extensive
 process development work.  This order is indicative of the growing acceptance
 of the RTP process as an improved alternative to excimer laser and furnace
 processes.  Simple operation and a wide range of process applications are also
 advantages of Intevac's RTP technology for both R&D and full-scale
 production."
     Intevac's rapid thermal processing ("RTP") systems are used to rapidly
 modify the characteristics of thin films deposited on glass substrates such as
 are used in the manufacture of flat panel displays.  Intevac's patented RTP
 technology enables manufacturers to change the properties of these thin films
 by thermally processing the film layer at temperatures that would otherwise
 distort or destroy the underlying glass substrate.  The RTP system employs
 rapid transient heating, rather than bulk substrate heating, to provide lower
 cost of ownership and higher throughput as compared to furnace and laser
 processing techniques.  In transient heating, a uniform line of radiation is
 focused onto a moving substrate -- only a narrow band of the substrate is
 brought up to peak process temperature at any time.  The substrate remains
 undistorted because the large majority of its area is relatively cool and acts
 to stabilize the overall panel.  Intevac's RTP systems are typically used for
 thin-film activation after ion implant, as well as dehydrogenation and
 densification.  RTP Models 3720 and 6010 can process substrates up to
 370 mm wide and 600 mm wide, respectively.
     Intevac's Equipment business is a leading supplier of sputtering systems
 used to manufacture thin-film disks for computer hard disk drives.  Sputtering
 is a complex vacuum deposition process used to deposit multiple thin-film
 layers on a disk.  The Equipment business also realizes revenues from the
 sales of flat panel display manufacturing equipment and disk lubrication
 equipment.  Intevac's Photonics business develops electro-optical devices that
 permit highly sensitive detection of photons in the visible and short wave
 infrared portions of the spectrum.  This technology, when combined with
 advanced silicon integrated circuits, makes it possible to produce highly
 sensitive video cameras.  This development work is creating new products for
 both military and industrial applications.  Products include Intensified
 Digital Video Sensors, cameras incorporating those sensors and Laser
 Illuminated Viewing and Ranging ("LIVAR(R)") systems for positive target
 identification.
     For more information visit the Company's website at www.intevac.com or
 contact Charles Eddy, Chief Financial Officer, Intevac, Inc.,
 3560 Bassett Street, Santa Clara, CA 95054, 408-496-2259, ceddy@intevac.com.
 
     Various statements made within this press release may constitute
 "forward-looking statements" for purposes of the Securities and Exchange
 Commission's "safe harbor" provisions under the Private Securities Litigation
 Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934.
 The forward-looking statements contained herein involve risks and
 uncertainties that could cause results to differ materially from the Company's
 expectations.  These risks include acceptance of the Company's products,
 industry growth in the "Flat Panel Display" market, potential purchasing
 delays from key customers, economic factors both domestically and in Asia, and
 other factors detailed the Company's regular filings with the Securities and
 Exchange Commission.
 
 

SOURCE Intevac, Inc.
    SANTA CLARA, Calif., April 10 /PRNewswire/ --
 Intevac, Inc. (Nasdaq:   IVAC), today announced receipt of a purchase order for
 a Rapid Thermal Processing ("RTP") system from a new customer in Taiwan.
 This is the third RTP system order received by Intevac since the beginning of
 this year.
     Ajit Rode, Intevac's President & CEO, said, "This order broadens our
 customer base and reinforces our diversification into Flat Panel Display
 ("FPD") manufacturing equipment.  FPD's are used in a multitude of electronic
 products including laptop computers, handheld digital assistants and cell
 phones, and we believe this market provides a growth opportunity for Intevac.
 Stanford Resources projects that the market for active liquid crystal displays
 will grow from $11.3 billion in 1999 to $23.7 billion in 2005."
     Dan Gentry, Intevac's Vice President of Sales and Marketing said, "This is
 our first order for a RTP system from Taiwan and it comes from a customer that
 is well established in the industry.  The system is earmarked for a research
 and development application in which the customer plans to do extensive
 process development work.  This order is indicative of the growing acceptance
 of the RTP process as an improved alternative to excimer laser and furnace
 processes.  Simple operation and a wide range of process applications are also
 advantages of Intevac's RTP technology for both R&D and full-scale
 production."
     Intevac's rapid thermal processing ("RTP") systems are used to rapidly
 modify the characteristics of thin films deposited on glass substrates such as
 are used in the manufacture of flat panel displays.  Intevac's patented RTP
 technology enables manufacturers to change the properties of these thin films
 by thermally processing the film layer at temperatures that would otherwise
 distort or destroy the underlying glass substrate.  The RTP system employs
 rapid transient heating, rather than bulk substrate heating, to provide lower
 cost of ownership and higher throughput as compared to furnace and laser
 processing techniques.  In transient heating, a uniform line of radiation is
 focused onto a moving substrate -- only a narrow band of the substrate is
 brought up to peak process temperature at any time.  The substrate remains
 undistorted because the large majority of its area is relatively cool and acts
 to stabilize the overall panel.  Intevac's RTP systems are typically used for
 thin-film activation after ion implant, as well as dehydrogenation and
 densification.  RTP Models 3720 and 6010 can process substrates up to
 370 mm wide and 600 mm wide, respectively.
     Intevac's Equipment business is a leading supplier of sputtering systems
 used to manufacture thin-film disks for computer hard disk drives.  Sputtering
 is a complex vacuum deposition process used to deposit multiple thin-film
 layers on a disk.  The Equipment business also realizes revenues from the
 sales of flat panel display manufacturing equipment and disk lubrication
 equipment.  Intevac's Photonics business develops electro-optical devices that
 permit highly sensitive detection of photons in the visible and short wave
 infrared portions of the spectrum.  This technology, when combined with
 advanced silicon integrated circuits, makes it possible to produce highly
 sensitive video cameras.  This development work is creating new products for
 both military and industrial applications.  Products include Intensified
 Digital Video Sensors, cameras incorporating those sensors and Laser
 Illuminated Viewing and Ranging ("LIVAR(R)") systems for positive target
 identification.
     For more information visit the Company's website at www.intevac.com or
 contact Charles Eddy, Chief Financial Officer, Intevac, Inc.,
 3560 Bassett Street, Santa Clara, CA 95054, 408-496-2259, ceddy@intevac.com.
 
     Various statements made within this press release may constitute
 "forward-looking statements" for purposes of the Securities and Exchange
 Commission's "safe harbor" provisions under the Private Securities Litigation
 Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934.
 The forward-looking statements contained herein involve risks and
 uncertainties that could cause results to differ materially from the Company's
 expectations.  These risks include acceptance of the Company's products,
 industry growth in the "Flat Panel Display" market, potential purchasing
 delays from key customers, economic factors both domestically and in Asia, and
 other factors detailed the Company's regular filings with the Securities and
 Exchange Commission.
 
 SOURCE  Intevac, Inc.