YAVNE, Israel, May 27, 2015 /PRNewswire/ -- ORBOTECH
LTD. (NASDAQ: ORBK) today announced that a major Pacific
printed circuit boards manufacturer specializing in IC substrate
and High Density Interconnect (HDI) PCB production, has placed a
large order, valued at approximately $8
million, for multiple systems that are expected to be
delivered within the second quarter of 2015.
The order comprises multiple units of Orbotech's leading Direct
Imaging systems, including the newly launched Paragon Ultra™ 300
and the Nuvogo™ 800. The systems were selected for their match with
the customer's requirements for high performance and adaptability
for a wide range of resist types for both IC packaging and HDI
applications.
"We are gratified to have been selected by this esteemed
customer, which requires high production capabilities and, in
particular, the capability to expose extremely fine lines at very
high quality", commented Mr. Arik
Gordon, President of Orbotech's PCB Division. Mr. Gordon
added: "With the increasing need for advanced products that demand
more complex applications, Orbotech continues to offer solutions
with very reliable performance, first class customer service and
support and attractive total cost-of-ownership - all of which were
strong determining factors for this leading customer."
About Paragon™ Ultra 300
Featuring the leading-edge performance of Orbotech's Large Scan
Optics (LSO) Technology™, Paragon™ Ultra 300 Direct
Imaging (DI) system delivers the highest imaging accuracy and
yields for today's most complex IC substrate applications
including, Flip-Chip CSP, BGA/CSP and modules manufacturing.
It provides fast throughput using enhanced electronics and a
powerful laser system and provides exceptional results on both
conventional and DI resists.
About Nuvogo 800
Nuvogo™ 800 is a
next-generation Direct Imaging (DI) solution capable of
imaging on almost every resist type, affording maximum flexibility
to PCB makers. Powered by MultiWave Laser Technology™, Nuvogo 800
generates a multi wavelength laser beam for optimal line structure.
This provides PCB manufacturers the ability to choose lower-cost
resist types in order to further reduce total operating costs.
This high-productivity machine is able to achieve up to
7,000 panels/day/line at unprecedented quality. Superior line
quality and registration accuracy is achieved through Orbotech's
field-proven Large Scan Optics (LSO) Technology™. Suitable for the
most advanced HDI production, Nuvogo 800 ensures a high
depth-of-focus critical for maximizing yields in increasingly
challenging production environments. The combination of super
high-productivity, flexibility to use almost any resist and
unmatched yields results in the lowest possible cost-per-print and
significantly lowers the system's total cost of ownership.
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.
Virtually every electronic device in the world is produced using
Orbotech systems.
For further information, visit www.orbotech.com
Company
Contacts:
|
|
|
|
|
Ann
Michael
|
|
|
|
Anat Earon
Heilborn
|
Senior Corporate
Marketing
|
|
|
|
Director of Investor
Relations
|
Communications
Manager
|
|
|
|
Orbotech
Ltd.
|
Orbotech
Ltd.
|
|
|
|
Tel: +972-8-942
3582
|
Tel: +972-8-942
3148
|
|
|
|
anat.earon-heilborn@orbotech.com
|
ann.michael@orbotech.com
|
|
|
|
|
Cautionary Statement Regarding Forward-Looking and Other
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, including the timing and amount of cost
savings, if any, Orbotech's ability to integrate and operate SPTS's
business effectively, 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, and 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 United States Securities and Exchange Commission
("SEC") reports, including the Company's Annual Report on Form 20-F
for the year ended December 31, 2014,
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/major-pcb-manufacturer-places-an-approximately-8-million-order-for-multiple-orbotech-direct-imaging-systems-300089267.html
SOURCE Orbotech Ltd.