The partnership agreement includes a five-year period of exclusivity for the key customer, who will deploy its TRIO platform for consumer electronics applications, with its selling price and gross margin profile the same as 200 Lean system
Intevac enters joint development agreement for Trio. (Credit: Pexels from Pixabay)
Intevac, a US-based provider of thin-film processing systems and equipment, has signed a joint development agreement with a glass and glass-ceramic materials provider.
The company did not disclose specific details of the terms of the partnership.
The partnership agreement includes a five-year period of exclusivity for the key customer, who will deploy its TRIO platform for consumer electronics applications.
In five years, Intevac is required to generate a minimum revenue of around $100m in sales of the required, to maintain the exclusivity of the TRIO platform.
The TRIO platform’s selling price and gross margin profile will be the same as its 200 Lean system, said the company.
Intevac president and chief executive officer Nigel Hunton said: “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.
“We offer the engineering know-how, manufacturing capacity, and financial footing to deploy our TRIO platform on a global scale in support of this new partnership.”
TRIO is the company’s advanced manufacturing platform that leverages more than three decades of materials science expertise in high-productivity manufacturing.
It combines the features of both linear vacuum process systems and drum coating systems to enable the mass production of precise and durable coatings.
TRIO delivers flexibility building on its modular and expandable architecture that enables continuous processing of multiple substrates of almost limitless form factors.
Also, the platform can be used for various thin film coating applications, such as consumer devices, automotive, and semiconductor advanced packaging, said the company.
Intevac will continue developing additional TRIO-focused partnerships for other glass coating applications, such as in the automotive and point-of-sale display markets.