MIGDAL HAEMEK, Israel,
June 1, 2011 /PRNewswire-FirstCall/
-- Camtek Ltd. (NASDAQ and TASE: CAMT) ("Camtek" or the "Company"),
today announced that on May 31, 2011
Camtek and Orbotech Ltd. (NASDAQ: ORBK), together with the other
third parties involved, signed an agreement for the dismissal of
all three lawsuits between them at the Israeli Jerusalem, Nazareth
and Tel Aviv courts.
Camtek and Orbotech Ltd. will now turn to seek courts' approval
for the dismissals, so that all three lawsuits will be finally
dismissed. Each of the parties will bear their own costs in
connection with the lawsuits they filed.
Mr. Roy Porat, Camtek's CEO,
commented, "I am pleased that we have finally laid to rest the
pending legal law suits between us and Orbotech, which now removes
a distraction for management and eliminates related costs. "
ABOUT CAMTEK LTD.
Camtek Ltd provides automated solutions dedicated for enhancing
production processes and yield, enabling our customers new
technologies in two industries; Semiconductors, Printed Circuit
Board (PCB) & IC Substrates.
Camtek addresses the specific needs of these industries with
dedicated solutions based on a wide and advanced platform of
technologies including intelligent imaging, image processing, ion
milling and digital material deposition. Camtek's solutions range
from micro-to-nano by applying its technologies to the
industry-specific requirements.
This press release is available at http://www.camtek.co.il.
This press release may contain projections or other
forward-looking statements regarding future events or the future
performance of the Company. These statements are only predictions
and may change as time passes. We do not assume any obligation to
update that information. Actual events or results may differ
materially from those projected, including as a result of changing
industry and market trends, reduced demand for our products, the
timely development of our new products and their adoption by the
market, increased competition in the industry, price reductions as
well as due to risks identified in the documents filed by the
Company with the SEC.
CAMTEK LTD.
Mira Rosenzweig, CFO
Tel: +972-4-604-8308
Mobile: +972-54-9050703
mirar@camtek.co.il
IR INTERNATIONAL
CCG Investor Relations
Ehud Helft / Kenny Green
Tel: (US) +1-646-201-9246
camtek@ccgisrael.com
SOURCE Camtek Ltd