ORBK Orbotech Ltd. - Ordinary Shares

ORBOTECH LTD. (NASDAQ/GSM SYMBOL: ORBK) today announced that it has been selected as the ‘vendor of choice’ by Beijing Oriental Electronics (BOE) Technology Group, with the purchase of multiple Array Tester and Automated Optical Inspection (AOI) systems valued at approximately $50 million dollars to be utilized in BOE’s new Gen-8 LCD panel television fabrication facility in Beijing, China. Deliveries to this plant are expected to commence towards the end of 2010.

Commenting on this order, BOE said: “We are strongly committed to technology development and plan to continue increasing production capacity with fast ramp-up for high-end LCD products to meet our customers’ needs. This new generation of Orbotech systems will help BOE maintain its favorable competitive position and enable us to continue our current growth path and remain a first-tier supplier over the coming years.”

Mr. Moshe Ashkenazi, President, Display Asia Pacific, added: “BOE is a world leader in the display panel industry and an important strategic customer of Orbotech. They are investing significantly in new Gen-8 fabrication facilities in China and have selected Orbotech as an integral part of their production strategy. We are very proud that they have chosen our new Gen-8 FPD Array Checker and Gen-8 AOI systems for this plant, reinforcing our belief that Orbotech has the proven yield management technology and support capabilities necessary to contribute to BOE’s advancement in the production of LCD panels on a large scale.”

About Beijing Oriental Electronics (BOE) Technology Group

Established in 1993 and listed in the Shenzhen Stock exchange since 1997, BOE TECHNOLOGY GROUP CO., LTD. is a China-based company primarily engaged in the research, development, manufacture and sale of thin-film transistor-liquid crystal displays (TFT-LCDs). The Company provides TFT-LCD products for Information Technology (IT) and televisions, TFT-LCD products for mobile products and application products, display light products, display systems and solutions; other display components and support products. In addition, the Company is also engaged in the international business park business. The Company distributes its products in domestic and overseas markets. Currently, BOE employs more than 12900 employees around the world and is the largest domestic and the world’s No. 9 largest TFT-LCD manufacturer, with total revenue exceeding 6.249 billion Yuan in 2009. BOE has 6 production bases which are located in Beijing, Sichuan Chengdu, Hebei Gu’an, Anhui Hefei, Jiangsu Suzhou and Fujian Xiamen and a global sales and service network covering European, American as well as Asian areas.

About Orbotech Ltd.

Orbotech is principally engaged in the design, development, manufacture, marketing and service of yield-enhancing and production solutions for specialized applications in the supply chain of the electronics industry. The Company’s products include automated optical inspection (AOI), production and process control systems for printed circuit boards (PCBs) and AOI, test and repair systems for flat panel displays (FPDs). The Company also markets computer-aided manufacturing (CAM) and engineering solutions for PCB production. In addition, through its subsidiary, Orbograph Ltd., the Company develops and markets character recognition solutions to banks and other financial institutions, and has developed a proprietary technology for use, among other things, in web-based, location-independent data entry for check and forms processing; and, through its subsidiaries, Orbotech Medical Denmark A/S and Orbotech Medical Solutions Ltd., is engaged in the research and development, manufacture and sale of specialized products for application in medical nuclear imaging. 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 corporate headquarters, executive and registered offices and principal research and development, engineering and manufacturing facilities in Israel. The Company’s extensive network of marketing, sales and customer support teams, located in over 35 offices throughout North America, Europe, the Pacific Rim, China and Japan, delivers 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 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 its 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 cyclicality in the industries in which the Company operates, a sustained continuation or worsening of the worldwide economic slowdown, 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 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 in the Company’s SEC reports, including the Company’s Annual Report on Form 20-F for the year ended December 31, 2009. In addition, as a result of the foregoing considerations and the other limitations described herein, investors are cautioned not to place undue reliance on the preliminary and estimated financial information included herein. 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.

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