Orbotech Wins $18M in Frame Agreements from Two Leading PCB Makers

PCB Equipment for Mass Production of High-End Electronic Devices

YAVNE, Israel–(BUSINESS WIRE)– Orbotech Ltd. (NASDAQ/GSM: ORBK) today announced that it has signed major frame agreements, totaling approximately $18 million in value, with two leading printed circuit board (“PCB“) makers in Taiwan and China for the mass production of high density interconnect PCBs.

These orders, which are expected to include multiple Paragon™ laser direct imaging (“LDI“) and automated optical inspection systems, as well as related digital production tools, reflect an increasing level of capital investment by PCB customers in the most up-to-date Orbotech technology used in the manufacture of advanced PCBs for highly sophisticated electronic devices.

“We are gratified that these customers, which are major suppliers to several of the world’s top electronics companies, have once again selected Orbotech solutions as part of their strategic growth plan,” commented Mr. Richard Klapholz, Corporate Executive Vice President of Electronics Business at Orbotech Ltd. Mr. Klapholz added: “PCB manufacturers are coming to realize that the significant challenges involved in the mass production of high quality, ultra-thin and increasingly complex boards can now only be met by the use of systems having LDI capabilities. The highly competitive nature of the advanced micro manufacturing segment requires continuous development of new production techniques that can keep pace with the rapid advances in electronics innovation and we are very pleased to be partnering with our customers in this process.”

About Orbotech Ltd.

Orbotech Ltd. (NASDAQ/GSM: ORBK) has been at the cutting edge of the electronics industry supply chain, as an innovator of enabling technologies used in the manufacture of the world’s most sophisticated consumer and industrial products, for over 30 years. The Company is a leading provider of yield-enhancing and production solutions, primarily for manufacturers of printed circuit boards, flat panel displays and other electronic components; and today, virtually every electronic device is produced using Orbotech technology. The Company also applies its core expertise and resources in other advanced technology areas, including character recognition for check and forms processing and solar photovoltaic manufacturing. Headquartered in Israel and operating from multiple locations internationally, …read more
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