Intevac Announces $10 Million in New Orders for HDD Technology Upgrades
June 14, 2021 at 09:00 am EDT
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Intevac, Inc. announced the receipt of $10 million in new orders for technology upgrades for its hard disk drive (HDD) customers. Scheduled to be completed by year-end, these upgrades provide new and enhanced technologies to enable Intevac’s customers to continue to progress along their media technology roadmaps.
Intevac, Inc. is a provider of thin-film process technology and manufacturing platforms for high-volume manufacturing environments. The Company operates through a single segment, which is Thin Film Equipment (TFE). The TFE segment designs, develops and markets vacuum process equipment solutions for high-volume manufacturing of small substrates with precise thin-film properties, such as for the hard disk drive (HDD) and advanced coatings (ADVC) markets, as well as other adjacent thin-film markets. In HDD Equipment Market, it designs, manufactures, markets and services complex capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks. In ADVC Market, the Company develops equipment to deposit optically transparent thin films onto display cover panels typically found on consumer and automotive electronics products. Its products include 200 Lean Disk Sputtering System, TRIO, and upgrades, spares, consumables and services (non-systems business).
INTEVAC, INC. 
