ORBOTECH LTD. (NASDAQ/GSM SYMBOL: ORBK) today announced the introduction of a full line of digital yield enhancement systems for touch screen production and new models for advanced applications in bare printed circuit boards (“ PCB”) related to the manufacture of the most demanded electronic products in the global marketplace.
With several systems already sold for touch screen production, Orbotech’s product line includes Automated Optical Inspection (AOI), Automated Optical Repair (AOR) and Laser Direct Imaging (LDI).
In the area of advanced PCB manufacturing, the Company has unveiled new models for addressing the increasing requirements associated with leading-edge designs, more dense patterns and better performance. These include: new mass production Laser Direct Imaging (LDI) capabilities for higher accuracy and flexibility on challenging, multi-layer boards; Emerald™ 150 UV laser drilling system for ultra-fast performance with highest quality on complex IC substrates and flex PCBs; and PerFix™ 200 Automated Optical Repair (AOR) system for perfect defect repair in seconds on any-layer HDI and high layer count jobs.
“Touch screen production is an emerging, high growth area that offers new possibilities and major potential for the electronics industry. Orbotech’s solutions are based on our field-proven core technologies and represent many breakthrough innovations available for the first time in this industry to enable the further advancement and mainstream utilization of touch capabilities”, said Mr. Richard Klapholz, President of the PCB Division at Orbotech Ltd. He added: “For manufacturers in the electronics supply chain, achieving sustainable production advantages in today’s rapidly changing environment requires new digital-based tools that will replace traditional methods and achieve superior quality in short, simple process steps, while having a major impact upon operational performance and profitability.”About Orbotech Ltd. Orbotech Ltd. (NASDAQ/GSM: ORBK) has been at the cutting edge of the electronics industry supply chain, as an innovator of enabling technologies used in the manufacture of the world’s most sophisticated consumer and industrial products, for over 30 years. The Company is a leading provider of yield-enhancing and production solutions, primarily for manufacturers of printed circuit boards and flat panel displays; and today, virtually every electronic device is produced using Orbotech technology. The Company also applies its core expertise and resources in other advanced technology areas, including character recognition for check and forms processing and solar photovoltaic manufacturing. Headquartered in Israel and operating from multiple locations internationally, Orbotech’s highly talented and inter-disciplinary professionals design, manufacture, sell and service the Company’s end-to-end portfolio of solutions for the benefit of customers the world over. For more information please see the Company’s filings with the U.S. Securities and Exchange Commission at www.sec.gov. and visit the Company’s corporate website at www.orbotech.com. The corporate website is not incorporated herein by reference and is included as an inactive textual reference only. Cautionary Statement Regarding Forward-Looking Statements and Non-GAAP Financial Measures 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, without limitation, cyclicality in the industries in which the Company operates, the Company’s production capacity, timing and occurrence of 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, the level of consumer demand for sophisticated devices such as smartphones, tablets and other electronic devices 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, 2010. 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.
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