Orbotech Receives Acceptances for Its New Gen 8 EVision FPD-AOI System
07 Abril 2011 - 9:46AM
Business Wire
ORBOTECH LTD. (NASDAQ/GSM SYMBOL: ORBK) today announced that it
has received initial customer acceptances for its new Generation 8
EVision FPD-AOI system. Revenues from sales of these systems that
were delivered by March 31, 2011, which are estimated to total
approximately $20 million in value, will be recognized during the
first quarter of 2011.
As previously announced, the Company expects that revenues in
the first half of 2011 will be in the range of $280 - $300 million.
Of these, approximately $130 million are expected to be recorded in
the first quarter. To date, there has been no impact on the
Company’s business as a result of the recent tragic events in Japan
and the Company continues to monitor these developments
closely.
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 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, 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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