Categories: General
Date: Feb 1, 2007
Title: Intevac, Inc. Acquires DeltaNu
SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Company) (Nasdaq:IVAC-News) completed acquisition of the assets and certain liabilities of DeltaNu, LLC, a Laramie, Wyoming company specializing in small footprint and handheld Raman spectroscopy instruments.
Intevac Imaging Vice-President and General Manager Joe Pietras stated, "DeltaNu has pioneered the development of miniaturized, high-performance Raman spectrometers. Their unique platform provides a family of portable and easy-to-use instruments for chemical identification in various laboratory and field applications, such as medical diagnostics, scientific research, forensics and industrial materials control.
"We eagerly look forward to new product opportunities that can be created by combining DeltaNu's miniature Raman spectrometer designs with Intevac's capabilities in near-infrared sensors, which will enable a new class of portable instruments with greatly enhanced chemical detection capabilities."
DeltaNu founder and Intevac's Raman Spectroscopy General Manager Dr. Keith Carron stated, "I am excited that DeltaNu will be a part of Intevac's growing imaging business. Intevac's capabilities in sensor technology provide a powerful, enabling addition to DeltaNu's experience in Raman spectroscopy instruments and applications, which will allow rapid growth of the DeltaNu business."
DeltaNu will be operated as a wholly owned subsidiary of Intevac, Inc., based in Laramie, Wyoming.
DeltaNu manufactures complete and ready-to-use, low-cost, high-performance Raman spectrometers for education, research and industry. Its product line includes Raman microscopes, bench-top Raman spectrometers and handheld Raman spectrometers for field use. Raman spectrometers are used to identify materials by illuminating the material to be identified with a laser and measuring the characteristic bands of light emitted from the material. The process is quick and nondestructive. For more information visit DeltaNu's website at www.DeltaNu.com
Intevac is the world's leading supplier of magnetic media sputtering 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
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, expected development of enhanced-performance Raman spectrometers and expected growth in DeltaNu's business. 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 develop new products or increase revenues, each of which could have a material impact on our business, our financial results and the Company's stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission.
Contact:
Intevac, Inc.
Charles Eddy, Chief Financial Officer, 408-986-9888
or
Silverman Heller Associates
Phil Bourdillon/Gene Heller, 310-208-2550
Source: Intevac, Inc.