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
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.
Adrian Auman, +972-8-942-3560
Amichai Steinberg, +972-8-942-3524
Michelle Harnish, +1-978-901-5120
SOURCE: Orbotech Ltd.