$10 Million HDD Lean 200 Orders Received by Intevac

Intevac, Inc. received a $10 million in new HDD orders.

These orders consist of one 200 Lean system as well as technology upgrades, which will add to the company’s backlog at year-end 2021. The technology upgrades are expected to be installed through mid-2022 and the 200 Lean system is expected to be delivered in 2H022.

“We are pleased to announce our first new 200 Lean order since 2018, reflecting the very beginning of planned media capacity additions our customers will be making over the next few years,” said Jay Cho, EVP and GM, thin-film equipment business. “In addition to the tool order, these upgrades will provide new and enhanced technologies that enable continued improvements in areal density, in support of growing industry demand for mass-capacity drives.“

Intevac was founded in 1991 and has 2 businesses: thin-film equipment and photonics.

Thin-film equipment business designs and develops high-productivity, thin-film processing systems. Production-proven platforms are designed for high-volume manufacturing of substrates with precise thin film properties, such as the HDD media, display cover panel, solar photovoltaic, and semiconductor packaging markets.

The photonics business develops high-sensitivity digital sensors, cameras and systems that primarily serve the defense industry. The companis is a provider of integrated digital imaging systems for most U.S. military night vision programs.