YAVNE, Israel, Jan. 13, 2015
/PRNewswire/ -- ORBOTECH LTD., (NASDAQ: ORBK), Asher
Levy, Chief Executive Officer of Orbotech Ltd., will present to
investors today at 2:50 pm ET at the
17th Annual Needham Growth Conference in NYC, and will discuss the
qualitative outlook for 2015 and major industry trends. He will
also refer to the Company's backlog of approximately $170 million in system orders as of December 31, 2014. The Company will also reaffirm
its prior revenue guidance for the fourth quarter of 2014.
A live webcast of Mr. Levy's presentation will be available at
http://wsw.com/webcast/needham69/orbk and the accompanying slides
can be downloaded from the Investor Relations section of the
Company's website. The Company will report its fourth quarter and
full year 2014 results on February 12,
2015.
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 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' and 'backlog' as
purchase arrangements with customers that are based on mutually
agreed terms, which, in some cases for bookings and backlog, 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 , 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.
COMPANY
CONTACT:
|
|
Ann
Michael
|
Anat
Earon-Heilborn
|
Senior Corporate
Marketing Communications Manager
|
Director of Investor
Relations
|
Orbotech
Ltd.
|
Orbotech
Ltd.
|
Tel:
+972-8-942-3148
|
Tel:
+972-8-942-3582
|
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SOURCE Orbotech Ltd.