YAVNE, Israel, March 14, 2017 /PRNewswire/ -- ORBOTECH
LTD. (NASDAQ: ORBK), a leading provider of process innovation
technologies, solutions and equipment enabling the transformation
of the global electronics manufacturing industry, today announced
that a major Japanese electronics manufacturer with worldwide
facilities, placed a $5 million order
of multiple direct imaging (DI) solutions for solder mask and other
solutions. The Orbotech solutions were adapted to meet the
customer's specific manufacturing requirements for smart mobile
devices.
Following extensive testing in late 2016 and strong
collaboration between Orbotech and its customer, Orbotech received
an order for multiple direct imaging solutions to address the
technological challenges involved in manufacturing next generation
smart mobile devices. Orbotech installed the Paragon™ Ultra
delivering superior imaging accuracy and yields for the industry's
most complex IC substrates. In addition, the Nuvogo 1000R,
Orbotech's large-format DI solution, was also installed enabling
consistent high-quality DI for both patterning and solder mask at
unmatched speed and yield.
"Our customer had specific demands regarding production
standards and specifications that presented unique challenges,"
stated Mr. Yair Alcobi, President of
Orbotech Asia East. "In addition to
our systems' high throughput and extreme accuracy, Orbotech
succeeded in customizing features to satisfy the specific
requirements of a number of advanced applications."
About Paragon™ Ultra
Featuring the leading-edge
performance of Orbotech's Large Scan Optics (LSO) Technology™,
Paragon™ Ultra Laser Direct Imaging (LDI) systems deliver the
highest imaging accuracy and yields for today's most complex IC
substrate applications including Flip-Chip BGA, Flip-Chip CSP,
BGA/CSP and modules manufacturing. The Paragon™ Ultra line provides
fast throughput using enhanced electronics and a powerful laser
system and provides exceptional results on both conventional UV and
LDI resists.
About Nuvogo 1000R
Nuvogo™ 1000R is a member of the
Orbotech Nuvogo™ family of industry-leading Direct Imaging (DI)
solutions. Utilizing a high-power laser and unique MultiWave Laser
Technology™, the Nuvogo™ 1000R provides maximum flexibility on a
wide range of materials and applications. Incorporating Orbotech's
field-proven Large Scan Optics (LSO) Technology™ with its high
depth-of-focus, the Nuvogo™ 1000R is a perfect match for flex
patterning and solder mask applications that demand fine structures
on variating topography. This powerful system is designed for fast
throughput while maintaining optimal quality.
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 (MEMS), LED,
high speed RF on GaAs, power management device and other electronic
components. Today, virtually every electronic device in the world
is produced using Orbotech systems. 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, 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, within and
among divisions, 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 its competitors, changes in business or pricing strategies,
changes in the prevailing political and regulatory framework in
which the relevant parties operate, including as a result of the
Brexit process and administration change in the United States, 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 as well as automobiles, the Company's global
operations and its ability to comply with varying legal,
regulatory, exchange, tax and customs regimes, the timing and
outcome of tax audits, including the ongoing audit in Israel (the amount of taxable income is
subject to ongoing audit by the Israel tax authority and such audits often
result in proposed assessments and any estimation of the potential
outcome of an uncertain tax issue is a matter for judgment, which
can be subjective and highly complex; however, the Company believes
that it has provided adequately for any reasonably foreseeable
outcomes related to the tax audit, but future results may include
favorable or unfavorable material adjustments to estimated tax
liabilities in the periods when the assessments are made or
resolved or the audit is closed), the Company's ability to achieve
strategic initiatives, including related to its acquisition
strategy, the Company's debt and corporate financing activities;
the final timing and outcome, and the impact, of the criminal
matter and ongoing investigation in Korea, including any 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 the surrounding areas, 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, 2016, 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 COMPANY
CONTACTS:
|
|
Rami Rozen
|
Tally Kaplan
Porat
|
Director of Investor
Relations
|
Director of Corporate
Marketing
|
Tel:
+972-8-942-3582
|
Tel:
+972-8-942-3603
|
Investor.relations@orbotech.com
|
Tally-Ka@orbotech.com
|
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SOURCE ORBOTECH LTD.