Orbotech Receives Multiple Orders From Leading Touch Screen Makers For Laser Direct Imaging Systems

ORBOTECH LTD. (NASDAQ/GSM SYMBOL: ORBK) today announced the receipt of multiple orders from leading touch screen manufacturers in Asia Pacific, including Taiwan, China and Korea, for its Orbotech LDI™ 150 laser direct imaging (“LDI”) system.

Orbotech’s LDI systems are used to enable the mass production of One Glass Solution (“OGS”) sensors on routed cover glass, a cutting-edge touch screen application that is lighter, thinner, less expensive and more reliable than existing (multilayer) glass-based touch sensors.

“We have received very positive responses to our introduction of a number of first-ever technologies designed for the touch screen industry’s most advanced manufacturing requirements” said Mr. Richard Klapholz, Corporate Vice President at Orbotech Ltd. “Many leading touch screen makers have adopted Orbotech LDI to enable the exposure of multiple OGS sensors in a single array. Because LDI is required at different stages throughout the manufacturing process, several LDI systems are deployed in each production line, imaging hundreds of thousands of glasses per month with high yield. This is a major breakthrough in mass production capabilities, allowing our customers to overcome the limitations of conventional techniques and achieve greater operational efficiency.”

Traditionally, touch screen makers producing OGS designs have had to trade-off between cover glass strength and production volume. Orbotech’s LDI systems have now rendered this a thing of the past. Leveraging more than 20 years of experience and leadership in scaling algorithms for complex applications, this system features unique image acquisition and data processing capabilities which ensure the precise and high speed imaging of multiple sensors simultaneously. Separate glasses can be placed on a single jig, while the system automatically compensates for inaccuracies in the location of each glass and then images all of the glasses in a single array. In addition, the jig can be utilized by existing production equipment in subsequent process steps.

Orbotech’s field-proven solutions for touch screen production include LDI, automated optical inspection (AOI) and automated optical repair (AOR).

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, flat panel displays and other electronic components; 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.

Cautionary Statement Regarding Forward-Looking Statements

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, the timing, terms and success of any strategic transaction, the outcome and impact of the pending criminal matter and ongoing investigation in Korea, including any impact on existing or future business opportunities in Korea and elsewhere, any civil actions related to the Korean matter brought by third parties, including the Company’s customers, which may result in monetary judgments or settlements. expenses associated with the Korean matter, cyclicality in the industries in which the Company operates, the Company’s production capacity, timing and occurrence of product acceptance, fluctuations in product mix, 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, 2011. 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.

Copyright Business Wire 2010

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