Intevac Shares Rise to 6-Year High

March 13, 2017

Intevac shares rose to their highest level since April 2011 after the company said it has received an order for 12 ENERGi ion implant systems for advanced solar cell manufacturing, a record solar order for the company’s Thin-film equipment business. IVAC was at $11.60 recently, having earlier traded as high as $11.65. The 52-week low is at $3.99.

This follow-on order enables over 1 gigawatt of high-efficiency solar cell capacity expansion by the same customer in China that had ordered two systems in 2016.

“Securing this record solar order from a leading cell manufacturer in China validates the capability and value proposition of our implant technology for high-efficiency solar cell manufacturing, and demonstrates continued and meaningful progress in our Thin-film Equipment growth strategy,” Intevac CEO Wendell Blonigan said.

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By Caroline Williams

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