Leading thin-film processing systems supplier, Intevac, Inc., recently announced that it has entered into a long-term joint development agreement with a major supplier of glass and glass ceramic materials.
The partnership’s specific terms are to remain confidential. The agreement requires Intevac to maintain five years of exclusivity for the client who has agreed to deploy the TRIO platform for consumer electronics applications. One clause stipulates a minimum of $100 million in system sales to Intevac over a period of five years to maintain TRIO platform exclusivity in the market. Intevac will continue to build customer relationships for TRIO in other glass coating applications, such as automotive and point-of-sale displays.
“For decades, Intevac has provided the materials science expertise and high-productivity manufacturing platforms that have deposited ultra-durable and highly-precise coatings onto several billion glass substrates in the hard drive industry. Our expertise in producing rugged and highly-precise coatings in high-volume manufacturing environments is well-suited to enable mass production of thin film technologies for the consumer device market.” Nigel Hunton, president and chief executive officer of Intevac
About Intevac, Inc.
Since 1991,
Intevac has been at the forefront of thin-film process technology and manufacturing platforms for high-volume manufacturing environments. Intevac supplies predominantly to the hard disc drive (HDD) industry having delivered over 180 of the industry-leading 200 Lean® systems over the last 20 years. Intevac uses its technological know-how for additional applications, such as protective coatings for the display cover glass market, with more than 30 years of leadership in designing, developing, and manufacturing high-productivity, thin-film processing systems.