March 19, 2010 (FinancialWire) — Intevac, Inc., (NASDAQ: IVAC) said that its Intevac Photonics subsidiary has received a $3.5 million subcontract award from the U.S. Army for the development and evaluation of a two mega-pixel, digital night vision camera to be integrated onto the Apache helicopter.

According to Intevac, the camera will incorporate the company’s extreme low-light level detection sensor. Joe Pietras, EVP and general manager of Intevac Photonics, said “This application represents a large-volume opportunity for our digital night vision camera and fits precisely with our strategy to be a leading supplier of digital low-light imaging products for vital U.S. military applications.”

California-based Intevac was founded in 1991 and has two businesses: Equipment and Intevac Photonics.

The company’s Equipment business is engaged in the design, development and marketing of lean manufacturing systems.

Intevac Photonics is engaged in the development and manufacture of high-sensitivity imaging products and vision systems, as well as table-top and handheld Raman instruments. Markets addressed include military, industrial, medical and scientific.

FinancialWire(tm) is comitted to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.