Orbotech Further Demonstrates its Commitment to the FPD Market in China

Orbotech Ltd.
2009-07-10 17:28 877

YAVNE, Israel, July 10 /PRNewswire-Asia/ -- Orbotech Ltd. (Nasdaq: ORBK) today announced that Asher Levy, recently appointed Deputy Chief Executive Officer - Global Business, has been conducting an extensive tour of Orbotech's Flat Panel Display (FPD) customers and offices in Greater China. The purpose of his visit is to demonstrate Orbotech's commitment to this highly important region and ensure that Orbotech is attuned to the latest market developments and trends.

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Mr. Levy stated, "Although the impact of the global economic downturn continues to be felt in many countries around the world, China's FPD market is experiencing a major growth spurt, due to both an increasing market demand and significant investments being made in FPD manufacturing. This increased growth presents Orbotech with an excellent opportunity to help manufacturers in China address these new challenges. With more than 500 employees distributed throughout 12 offices in Greater China, and our extensive support network throughout the region, our company is well positioned to help manufacturers meet their ever-challenging business objectives."

Moshe Ashkenazi, the new President of Display Asia Pacific (DAP), the sales and customer support subsidiary for the FPD market in the region added, "Orbotech has been active in the Greater China market for almost twenty years, and is the leader in China for all its product lines. Our commitment to this market is demonstrated by our ongoing investment in developing advanced technologies, and bringing our expertise and highest professional support to our customers."

He added, "By adding advanced Test and Repair solutions to our Automated Optical Inspection (AOI) offering, we have significantly expanded our range of innovative yield management solutions. Our comprehensive product line, sales infrastructure and the recent establishment of new support hubs throughout the region, enable Orbotech to provide our customers with the means to achieve even greater cost-savings through yield optimization and operational efficiencies."

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. Orbotech'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 and engineering (CAM) 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 web-based, location-independent data entry for check processing 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 headquarters and its primary research, development and manufacturing facilities in Israel, and more than 30 offices worldwide. Orbotech'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 .

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. 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.

Company Contact:

Michelle Harnish

Marketing Communications Project Manager

Orbotech Ltd.

Tel: +1-978-901-5120


Source: Orbotech Ltd.