YAVNE, Israel--(BUSINESS WIRE)--Dec. 8, 2004--ORBOTECH LTD. (NASDAQ/NM SYMBOL: ORBK) today announced the receipt of a major, multi-million dollar order from LG ELECTRONICS (Seoul, Korea), for a Paragon(TM)-8000 Laser Direct Imaging system, Discovery(TM), Spiron-AVIP(TM) and InFinex(TM) Automated Optical Inspection (AOI) systems and Computer-Aided Manufacturing (CAM) software for use in its bare printed circuit board manufacturing operations.

Aiming to achieve its goal of "No. 1 LG", LG Electronics focuses on developing new products, winning key businesses and securing technology leadership. These advanced Orbotech systems have been selected, as an important part of LG's production processes, to support this technology strategy.

Commenting on the order, Mr. Lior De-Picciotto, President of Orbotech Pacific Ltd., said: "LG Electronics is a very well-known, leading producer of consumer electronics products used worldwide. We are honored that they have selected our newest AOI and LDI technology solutions to achieve their production goals."

For more information about LG Electronics, please visit

www.lge.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.

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 check processing organizations. 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.

CONTACT: Orbotech Ltd.
Investor Relations:
Adrian Auman, +972-8-942-3560
or
Amichai Steinberg, +972-8-942-3524
or
Michelle Harnish, +1-978-901-5120
www.orbotech.com

SOURCE: Orbotech Ltd.