ORBK Orbotech Ltd. - Ordinary Shares

ORBOTECH LTD. (NASDAQ/NM SYMBOL:ORBK) today announced that it has signed a major agreement with APCB Inc., valued at approximately $6 million dollars, for the purchase of multiple Discovery(TM) Automated Optical Inspection (AOI) systems and LP(TM)-9008 series laser plotters for use in the manufacturer's bare printed circuit board production facilities located in Taiwan and China. Commenting on this agreement, Mr. Lai, Chairman of APCB, stated: "We selected this new generation equipment from Orbotech after an extensive evaluation of the solutions offered by the industry's AOI suppliers. Orbotech has the advanced technology, proven performance and support to meet our requirements for providing our global customers with reliable products and services of superior quality." "APCB is focused on maintaining a strict quality control process as it strives to achieve the goal of defect-free production", said Lior De-Picciotto, President of Orbotech Pacific Ltd. "They are currently utilizing dozens of Orbotech AOI systems throughout their operation as part of this strategy. We are very pleased that they have again selected our solutions over those of our competition. We are confident that our new AOI and laser plotting technologies will significantly contribute to APCB's continued manufacturing success." About APCB Established in 1981, with headquarters in Taipei, Taiwan, APCB develops various products from PCB for LED display all the way to multi-layer boards for PCs and their peripheral equipment. The primary goal of the company is to provide customers with high-quality products, fast delivery, and zealous service. To the company, sincerity towards customers, employees, and shareholders is the operating principle in addition to developing new technology with new knowledge and experience. For more information, please visit www.apcb.com.tw. About Orbotech Ltd. Orbotech is a world leader in providing yield-enhancing, production support solutions for specialized applications in the supply chain of the electronics industry, principally for printed circuit boards (PCBs) and flat panel displays (FPDs). The Company designs, develops, manufactures, markets and services automated optical inspection (AOI) systems for bare and assembled PCBs and for FPDs, and imaging solutions for PCB production. The Company's innovative AOI, imaging and computer-aided manufacturing (CAM) technologies enable customers to achieve the increased yields and throughput essential to remaining at the forefront of electronics production. Through its subsidiary, Orbograph Ltd., the Company also develops and markets automatic check reading software to banks and other financial institutions. Of Orbotech's employees, more than one quarter are scientists and engineers, who integrate their multi-disciplinary knowledge, talents and skills to develop and provide sophisticated solutions and technologies designed to meet customers' long-term needs. Orbotech maintains its headquarters and its primary research, development and manufacturing facilities in Israel, and more than 30 offices worldwide. The Company's extensive network of marketing, sales and customer support teams throughout North America, Europe, the Pacific Rim, China and Japan deliver its knowledge and expertise directly to customers the world over. For more information visit www.orbotech.com. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties which could cause the actual results to differ materially from those projected, including industry trends, the timing and strength of product and service offerings, 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 and other risks detailed from time to time in the Company's SEC reports. The Company assumes no obligation to update the information in this press release.