YAVNE, Israel — (BUSINESS WIRE) — October 25, 2010 — ORBOTECH LTD. (NASDAQ/GSM SYMBOL: ORBK) introduced the Company’s latest solutions for the printed circuit board (“PCB”) manufacturing industry last week at the TPCA show in Taiwan.
The new products introduced are the new Fusion™ Series Automated Optical Inspection (“AOI”) system and Sprint™-100 inkjet legend printer. Also introduced were the latest models in the Company’s field-proven product lines including: Paragon™-9800, Paragon™-Xpress 9 with seamless automation and Paragon™-Ultra 200 laser direct imaging (LDI) systems, Discovery™-9000 AOI system, PerFix™ Automated Optical Repair (AOR) system with Universal Access capabilities and InCAM™, the comprehensive, high-precision computer-aided manufacturing (CAM) system for HDI and IC substrates developed by Frontline PCB Solutions.
“We are currently providing the PCB industry with an unprecedented range of new and ground-breaking solutions which address the critical and demanding production requirements of PCB manufacturers.” said Mr. Richard Klapholz, President of the PCB Division at Orbotech Ltd. “These systems, including the Fusion, make up our latest innovation in PCB manufacturing solutions and are the direct result of our focused efforts towards addressing key industry issues. These newly-available solutions will offer highly-effective production tools, enabling our customers to achieve sustained profitability on even the most complex PCB designs despite the very intense cost, quality and time-to-market challenges that they face.”
All of the world’s leading PCB manufacturers employ Orbotech solutions. By choosing Orbotech, PCB manufacturers can benefit from exceptional technology designed to improve business profitability; ensure advanced product capabilities by keeping pace with required pattern miniaturization and achieving long-term protection of equipment investments; maximize productivity by assuring highest machine uptime and digital production versatility; and minimize cost of operations with highest production yields and substantial savings in material and time.
About Orbotech Ltd.
Orbotech is principally engaged in the design, development, manufacture, marketing and service of yield-enhancing and production solutions for specialized applications in the supply chain of the electronics industry. The Company’s products include automated optical inspection (AOI), production and process control systems for printed circuit boards (PCBs) and AOI, test and repair systems for flat panel displays (FPDs). The Company also markets computer-aided manufacturing (CAM) and engineering solutions for PCB production. In addition, through its subsidiary, Orbograph Ltd., the Company develops and markets character recognition solutions to banks and other financial institutions, and has developed a proprietary technology for use, among other things, in web-based, location-independent data entry for check and forms processing; and, through its subsidiaries, Orbotech Medical Denmark A/S and Orbotech Medical Solutions Ltd., is engaged in the research and development, manufacture and sale of specialized products for application in medical nuclear imaging. Of Orbotech’s employees, more than one quarter are scientists and engineers, who integrate their multi-disciplinary knowledge, talents and skills to develop and provide sophisticated solutions and technologies designed to meet customers’ long-term needs. Orbotech maintains its corporate headquarters, executive and registered offices and principal research and development, engineering and manufacturing facilities in Israel. The Company’s extensive network of marketing, sales and customer support teams, located in over 35 offices throughout North America, Europe, the Pacific Rim, China and Japan, delivers its knowledge and expertise directly to customers the world over. For more information visit www.orbotech.com.
Except for historical information, the matters discussed in this press release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, future prospects, developments and business strategies and involve certain risks and uncertainties. The words “anticipate,” “believe,” “could,” “will,” “plan,” “expect” and “would” and similar terms and phrases, including references to assumptions, have been used in this press release to identify forward-looking statements. These forward-looking statements are made based on management’s expectations and beliefs concerning future events affecting Orbotech and are subject to uncertainties and factors relating to its operations and business environment, all of which are difficult to predict and many of which are beyond the Company’s control. Many factors could cause the actual results to differ materially from those projected, including cyclicality in the industries in which the Company operates, the Company’s production capacity, product acceptance, worldwide economic conditions generally, especially in the industries in which the Company operates, the timing and strength of product and service offerings by the Company and its competitors, changes in business or pricing strategies, changes in the prevailing political and regulatory framework in which the relevant parties operate or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis and other risks detailed in the Company’s SEC reports, including the Company’s Annual Report on Form 20-F for the year ended December 31, 2009. The Company assumes no obligation to update the information in this press release to reflect new information, future events or otherwise, except as required by law.
Adrian Auman, +972-8-942-3560
Corporate Vice President Investor Relations and Special Projects
Michelle Harnish, +1-978-901-5120
Marketing Communications Manager