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Tuesday, April 30, 2019

Intevac Reports...What we would like to hear is something from eMagin in this regard or similar. If IVAC can be somewhat specific why can't the "Culture of Near Silence" at eMagin loosen the gag a little bit? The "Unknown Investor" did a great job dragging information out of you guys. How about volunteering something without having to say the "magic words"? "Hundreds of 1000s of units"

IVAS revenues began in Q1 and will ramp significantly in subsequent quarters. This IVAS award was the single-largest order ever booked in Photonics and represents the largest future revenue opportunity for this business.
The original contract award of $29 million over the next 2 years has now expanded in scope. And if successful, the projected volume of digital night vision camera modules beyond the initial development contract to be fielded to the dismounted soldiers would be in the hundreds of thousands of units. IVAS, or Integrated Visual Augmentation System, is the first major program in the U.S. Army that requires an all-digital night vision solution for the ground soldier. It's the Army's objective to incorporate head, body and weapon technologies on individual soldiers in a single platform that they can use to fight, rehearse and train, providing the increased lethality, mobility and situational awareness necessary to achieve overmatch against our current and future adversaries.
I think it's worth restating that our current $29 million contract is for the development and delivery of the initial lot of digital night vision cameras for the IVAS system development and qualification. The major revenue opportunity for us lies in the actual fielding of the IVAS systems to the dismounted soldiers after the qualification and selection processes are completed.
The success of the IVAS program over the next 5 years holds the potential to double the level of revenue in our Photonics business compared to the 5 years past. And beyond 2023, continue to drive the largest revenue opportunity component comprising our $1.4 billion revenue opportunity pipeline.

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