Intevac Announces Multi-System HDD Order for 200 Lean® Systems
Intevac, Inc. (IVAC)
Last intevac, inc. earnings: 4/27 04:05 pm
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US:NASDAQ Investor Relations:
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Source: Business Wire
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the receipt of an order for four 200 Lean® systems. With this order, backlog for the 200 Lean grows to seven systems, six of which are scheduled to ship in 2019. “We are very pleased to announce a multi-system order for our industry-leading 200 Lean systems,” said Wendell Blonigan, president and chief executive officer of Intevac. “Over the past couple of years, our hard drive business has strengthened as a result of the growth in demand for high-performance nearline drives, which require the latest technology available for HDD magnetic media sputtering. At the same time, media unit demand in 2018 has well outpaced all previous estimates, and has returned to year-over-year growth for the first time since 2010.” “This order reflects our ongoing partnerships with
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