Orbotech Establishes an Advisory Board
06 Novembro 2014 - 11:55AM
Business Wire
Orbotech Ltd. (NASDAQ: ORBK) today announced the recent
establishment of an Advisory Board, comprised of leading experts
and strategic thinkers from throughout the electronics industry and
related fields. The Advisory Board will provide practical guidance,
insights and validation regarding the strategic plans and business
development priorities of the Company.
“We are honored to welcome this prestigious group of industry
professionals as inaugural members of our Advisory Board”, stated
Mr. Asher Levy, Chief Executive Officer of Orbotech Ltd. He added:
“The Advisory Board will serve as a key pillar in supporting
Orbotech’s strategic planning; and the members’ highly impressive
collective knowledge and experience will be invaluable in assisting
us to gain a deeper, multi-faceted understanding of the unique
opportunities and challenges of the electronics industry value
chain and in determining how best to leverage Orbotech’s global
capabilities to address these for continued success.”
As one of the foremost innovators of enabling technologies used
in the manufacture of the world’s most sophisticated consumer and
industrial products, Orbotech is intently focused on further
strengthening its leadership position as the industry’s most
sought-after provider of essential micro manufacturing solutions
for electronics reading, writing and connecting. Bringing external
perspectives to complement Orbotech’s own vision and views on its
environment and key issues, the Advisory Board will help to
facilitate the Company’s next stage of growth following its recent
major acquisition of SPTS Technologies Group Ltd.
Orbotech’s Advisory Board members:
- Dr. Alain Harrus - CEO of
Kateeva; former CTO of Novellus Systems and Partner at Crosslink
Capital
- Dr. Choon Heung Lee - Executive
Vice President and Chief Technology Officer of Amkor
Technology
- Dr. Davor Sutija - CEO of Thin
Film Electronics ASA
- Dr. Irving Wladawsky-Berger -
Executive Emeritus, IBM and presently affiliated with MIT
- Mr. Jean-Christophe Eloy - CEO
of Yole Développement
- Dr. Peter R. Hanley - Former
President of Novellus Systems
- Prof. Rao R. Tummala - Director,
3D Systems Packaging Research Center, Georgia Institute of
Technology
- Prof. Ryoichi Ishihara -
Associate Professor, Delft University of Technology
About Orbotech Ltd.
Orbotech Ltd. (NASDAQ: ORBK) is a global innovator of enabling
technologies used in the manufacture of the world’s most
sophisticated consumer and industrial products throughout the
electronics and adjacent industries. The Company is a leading
provider of yield enhancement and production solutions for
electronics reading, writing and connecting, used by manufacturers
of printed circuit boards, flat panel displays, advanced packaging,
micro-electro-mechanical systems and other electronic components.
Today, virtually every electronic device is produced using Orbotech
technology. For more information visit 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 (which includes the Semi IC and Systems business) and are
subject to uncertainties and factors relating to Orbotech’s
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, timing and extent of
achieving the anticipated benefits of the acquisition of SPTS, the
timing and impact of conversion of SPTS’s financial statements from
U.K. GAAP to U.S. GAAP and the Company’s ability to convert SPTS to
a U.S. GAAP reporting regime, including its internal control over
financial reporting; Orbotech’s ability to effectively integrate
and operate SPTS’s business, the timing, terms and success of any
strategic or other transaction, cyclicality in the industries in
which the Company operates, the Company’s production capacity,
timing and occurrence of product acceptance (the Company defines
‘bookings’ as purchase arrangements with customers that are based
on mutually agreed terms which, in some cases, may still be subject
to completion of written documentation and may be changed or
cancelled by the customer, often without penalty), 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 each
of 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, the timing for a
verdict in the ongoing appeal of the criminal matter and ongoing
investigation in Korea (which may be in 2014 or early 2015), the
final outcome and impact of this matter, including its 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, ongoing or increased hostilities in Israel 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, 2013, and subsequent SEC filings. 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.
Orbotech Ltd.Ann Michael, +972-8-942-3148Senior Corporate
Marketing CommunicationsManager
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