Intevac Receives $13 Million Production Contract from U.S. Army

SANTA CLARA, Calif.--()--Intevac Photonics, a subsidiary of Intevac, Inc. (Nasdaq:IVAC), announced today it received a contract for $13 million for the production of night vision cameras for the Apache Helicopter's Pilot Night Vision Sensor (PNVS) program for the U.S. Army. This contract, from the U.S. Army's PM Apache Office in Huntsville, Alabama, is a follow-on contract to the $27 million contract announced in 2013 and addresses camera deliveries through February 2017.

The Electronic Image Intensification camera is based on Intevac's patented EBAPS® (Electron Bombarded Active Pixel Sensor) digital imaging sensor for extreme low-light level detection.

“This contract award demonstrates Intevac’s ongoing commitment to deliver EBAPS®-based cameras for key U.S. Military platforms and applications,” commented Drew Brugal, Executive Vice President and General Manager of Intevac Photonics. “Since becoming a Prime supplier in 2013, Intevac’s success in fielding cameras to the U.S. Army played a significant role in winning this business.”

The U.S. Army accepted an additional $11 million in options for additional night vision cameras and support.

About Intevac

Intevac was founded in 1991 and has two businesses: Thin-film Equipment and Photonics.

In our Thin-film Equipment business, we are a leader in the design and development of high-productivity, thin film processing systems. Our production-proven platforms are designed for high-volume manufacturing of substrates with precise thin film properties.

Intevac is the market and technology leader in the hard drive industry, with our systems processing approximately 60% of all magnetic disk media produced worldwide. Our high-performance, high-throughput technology solutions continue to expand into additional markets – including solar and adjacent thin film deposition applications.

In our Photonics business, we are a recognized leading developer of advanced high-sensitivity digital sensors, cameras and systems that primarily serve the defense industry. We are the provider of integrated digital imaging systems for most U.S. military night vision programs.

For more information call 408-986-9888, or visit the company's website at www.intevac.com.

Contacts

Intevac, Inc.
James Moniz, 408-986-9888
Chief Financial Officer
or
Claire McAdams, 530-265-9899
Investor Relations

Contacts

Intevac, Inc.
James Moniz, 408-986-9888
Chief Financial Officer
or
Claire McAdams, 530-265-9899
Investor Relations