Intevac Receives Order for Four MDP-250 Systems; Scheduled for Deliver

    Business Editors

    SANTA CLARA, Calif.--(BUSINESS WIRE)--March 21, 2005--Intevac, Inc. (Nasdaq:IVAC) received an order for four Intevac(R) MDP-250 magnetic media sputtering systems. The MDP-250 systems were ordered by an existing MDP-250 customer and are scheduled for delivery during the second half of 2005.
    "Order activity for our systems is continuing at a high rate and is being driven by strong demand for hard disk drives and the expected transition to perpendicular media technology," remarked Intevac Chief Executive Kevin Fairbairn. "Year to date, we have received orders for 13 systems total, nine 200 Leans and four MDP-250s."

    About Intevac

    Intevac is the world's leading supplier of magnetic media manufacturing equipment for the hard disk drive industry and a developer and provider of leading-edge extreme low-light imaging sensors, cameras, and systems. For more information call 408-986-9888, or visit the Company's website at www.intevac.com.

    Intevac(R) MDP-250 is a registered trademark of Intevac, Inc.

    Safe Harbor Statement

    This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Intevac claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to, timing of MDP-250 system shipments and the expected transition to perpendicular media technology. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the Company's expectations. These risks include, but are not limited to: failure to deliver systems as scheduled and delay in our customers' transition to perpendicular medial technology, each of which could have a material impact on our business, our financial results and our stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission.

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CONTACT: Intevac, Inc. Charles Eddy, 408-986-9888 or Silverman Heller Associates Dan Matsui/Gene Heller, 310-208-2550

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: HARDWARE AEROSPACE/DEFENSE GOVERNMENT MANUFACTURING PRODUCT MARKETING AGREEMENTS SOURCE: Intevac, Inc.

Copyright Business Wire 2005