YAVNE, Israel, June 10, 2015 /PRNewswire/ -- ORBOTECH LTD.
(NASDAQ: ORBK) today announced that SPTS Technologies, an Orbotech
company and supplier of advanced wafer processing solutions for the
global semiconductor and related industries, is named as one of the
2015 10 BEST Suppliers of Chip Making Equipment by
VLSIresearch in the Focused Suppliers segment. SPTS also ranked as
a 2015 THE BEST Supplier in the Fab Equipment category in the
VLSIresearch annual Customer Satisfaction Survey.
"Establishing close relationships with our customers and
consistently delivering on commitments are paramount in an industry
where we're continually pushing the boundaries of process
technologies," stated Kevin Crofton,
President of SPTS Technologies and Corporate Vice President at
Orbotech. "Achieving extraordinary customer satisfaction is the
number one goal of everyone at SPTS. To be recognized as one of the
10 BEST suppliers by our customers is a real testament to the
performance of our etch, deposition and thermal solutions and the
exceptional support delivered by our global team."
The survey, which is based on actual feedback from leading IC
manufacturers worldwide, received feedback on 3,842 equipment
suppliers who were rated among fifteen categories based on three
key factors: supplier performance, customer service, and product
performance. The 10 BEST Chip Making Equipment Supplier
awards recognizes each supplier as a whole, regardless of product
type, then categorizes as either Large or Focused based on average
revenues across all its markets. The survey named SPTS a 10
BEST Supplier in the Focused segment, and further awarded SPTS a
THE BEST Supplier in the Fab Equipment category.
G. Dan Hutcheson, CEO and
Chairman of VLSIresearch Inc., commented, "SPTS received top marks
from its customers, with their highest ratings in the categories of
Field Engineering Support, Recommend Supplier, and
Partnering. SPTS exemplifies the characteristics customers
require from their suppliers, and their impressive commitment to
customers is reflected in their 'BEST' supplier rankings."
Crofton added, "We are extremely proud to have received such
outstanding ratings from our customers, which has ranked us among
the 10 BEST suppliers out of the 3,842 companies rated in the
survey. We have an ongoing program of obtaining customer feedback
and monitoring our own customer satisfaction scores. However, the
VLSIresearch survey is an industry-wide publicly available
opportunity for customers to provide feedback, which makes this
recognition even more important and rewarding. We are grateful to
our customers for publicly making us a 2015 10 BEST supplier."
About VLSIresearch
VLSIresearch is a provider of market research and economic analysis
on the technical, business, and economic aspects within
semiconductor, nanotechnology, and related industries. VLSIresearch
provides intelligence for faster and better decision making in the
areas of semiconductors, photovoltaics, LEDs, manufacturing,
materials, and critical subsystems. VLSIresearch was founded in
1976.
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 in the world is produced
using Orbotech systems. For more information, visit
http://www.orbotech.com/.
About SPTS Technologies
SPTS Technologies, an Orbotech company, designs, manufactures,
sells, and supports etch, PVD, CVD and thermal wafer processing
solutions for the MEMS, advanced packaging, LEDs, high speed RF on
GaAs, and power management device markets. With manufacturing
facilities in Newport, Wales,
Allentown, Pennsylvania, and
San Jose, California, the company
operates across 19 countries in Europe, North
America and Asia-Pacific.
For more information about SPTS Technologies, please visit
www.spts.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; 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,
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.
COMPANY
CONTACTS:
|
|
Destanie
Clarke
|
Anat
Earon-Heilborn
|
Ann
Michael
|
Corporate Marketing
Director
|
Director of Investor
Relations
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Senior Corporate
Marketing
|
SPTS
Technologies
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Orbotech
Ltd.
|
Communications
Manager
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Tel: +44 7951
203278
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Tel:
+972-8-942-3582
|
Orbotech
Ltd.
|
|
|
Tel:
+972-8-942 -3148
|
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SOURCE Orbotech Ltd.