Intevac, Inc. (NASDAQ:IVAC) today announced that Andres “Drew” Brugal has joined the company as Executive Vice President and General Manager of Intevac Photonics. Mr. Brugal, with over 30 years of experience spanning both the global defense and aerospace markets and active military service, will be responsible for managing and growing the Intevac Photonics business. He joins Intevac from Vision Systems International, where he served as President and Chief Executive Officer. Previously, Mr. Brugal held senior management and consulting positions at Rockwell Collins, Finmeccanica SPA and DRS Technologies, and retired as a United States Navy Captain. “We are very pleased to welcome Drew to the company in this key senior management position,” commented Kevin Fairbairn, president and chief executive officer of Intevac. “Drew’s breadth of experience combined with his proven leadership skills position him well to drive the continued growth of our Photonics Business.” About Intevac Intevac was founded in 1991 and has two businesses: Equipment and Intevac Photonics. Equipment Business: We are a leader in the design, development and marketing of high productivity lean manufacturing systems and have been producing Lean Thinking platforms since 1994. We are the leading supplier of magnetic media processing systems to the hard drive industry and offer high productivity solutions to the photovoltaic and semiconductor industries. Intevac Photonics: We are a leader in the development and manufacture of leading edge, high-sensitivity imaging products and vision systems, as well as table-top and handheld Raman instruments. Markets addressed include military, industrial, medical and scientific. For more information call 408-986-9888, or visit the company's website at www.intevac.com.
The most recent short interest data was recently released by the NASDAQ for the 11/14/2014 settlement date, and Intevac, Inc. is one of the most shorted stocks of the Russell 3000, based on 23.81 "days to cover" versus the median component at 5.85.