Intevac, Inc (IVAC)

[TEEROY]

Intevac Photonics Announces New $7 Million Development Program

Source: Business Wire
Intevac, Inc. (Nasdaq: IVAC) announced today that it has received a $1.8 million development contract award from the Joint Directed Energy Transition Office (DE JTO) in Albuquerque New Mexico, representing the funding for year one of a projected three-year, $7 million development effort. In this program, Intevac Photonics will develop a Gated SWIR Sensor for High Energy Laser (HEL) 2D Fine Tracking and Adaptive Optics system applications, building on the Company’s experience in its fielded LIVAR® camera technology and legacy Fine Tracking / Adaptive Optics sensor technology first used on the Airborne Laser (ABL) program.

“The Gated SWIR camera developed under this program represents a return of Intevac to the rapidly-growing Directed Energy (DE) weapons systems market. DE systems are expected to become a critical component of our military’s advanced weapons systems and represent a significant future market opportunity for Intevac,” commented Timothy Justyn, executive vice president and general manager of Intevac Photonics. “This contract award demonstrates the U.S. military’s continued commitment to Intevac’s SWIR LIVAR® technology for new systems applications,” added Wendell Blonigan, president and chief executive officer of Intevac.

Intevac's digital night-vision sensors, based on its patented Electron Bombarded Active Pixel Sensor (EBAPS®) technology, provide state-of-the-art capability to the most advanced avionic fighting platforms in the U.S. Department of Defense inventory.