YAVNE, Israel, April 5, 2017 /PRNewswire/ -- ORBOTECH LTD.
(NASDAQ: ORBK) (the "Company") today announced that on
March 28, 2017, it filed its annual
report to security holders for the year ended December 31, 2016 (the "2016 Annual
Report") with the U.S. Securities and Exchange Commission. The
2016 Annual Report is available through the 'Investors' section of
the Company's website
at http://investors.orbotech.com/phoenix.zhtml?c=71865&p=irol-irhome.
In addition, Orbotech Ltd. shareholders may obtain a hard copy of
the Company's most recent annual report to security holders upon
request, free of charge, by contacting Rami
Rozen on telephone +972-8-9423582 or by e-mail
at Rami.rozen@orbotech.com .
About Orbotech Ltd.
Orbotech Ltd. is a leading global supplier of yield-enhancing
and process-enabling solutions for the manufacture of electronics
products. The Company provides cutting-edge solutions for use in
the manufacture of printed circuit boards ("PCB"s), flat
panel displays ("FPD"s) and semiconductor devices
("SD "s), designed to enable the production of
innovative, next-generation electronic products and improve the
cost effectiveness of existing and future electronics production
processes. The Company's core business lies in enabling electronic
device manufacturers to inspect and understand PCBs and FPDs to
verify their quality ('reading'); pattern the desired electronic
circuitry on the relevant substrate and perform three dimensional
shaping of metalized circuits on multiple surfaces ('writing'); and
utilize advanced vacuum deposition and etching processes in SD and
semiconductor manufacturing ('connecting'). Orbotech refers to this
'reading', 'writing' and 'connecting' as enabling the 'Language of
Electronics'. For more information,
visit http://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.
Company Contact:
Rami Rozen
Director of Investor Relations
Orbotech Ltd
Tel: +972-8-942-3582
Rami.rozen@orbotech.com
Tally Kaplan Porat
Head of Corporate Marketing
Orbotech Ltd
Tel: +972-8-942-3603
Tally-Ka@orbotech.com
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SOURCE ORBOTECH LTD.