Red Board Ltd. Purchases Orbotech Nuvogo 800 DI System, Marking the Company s 1,000thDI Sale
YAVNE, Israel--(BUSINESS WIRE)--Orbotech Ltd. (NASDAQ:ORBK) today announced that Chinese printed circuit board ( PCB ) manufacturer, Red Board Ltd., has selected Orbotech s latest Direct Imaging ( DI ) system, the Nuvogo 800, to increase productivity and accuracy in the production of its high density interconnect (HDI) PCBs for mobile phones. This marks the 1,000th DI system sale achieved by Orbotech to date.
The sale of our 1,000th DI system is a significant occasion for Orbotech, and one that we are honored to share with Red Board, which has been an esteemed customer and strong partner over many years.
Orbotech introduced its first DI system in 1996, and has since been a world-leader in developing, marketing and implementing this technology for the global PCB industry. Nuvogo 800, the Company s latest DI solution, offers a combination of high-productivity, flexibility to use almost any resist and very high yield, thus significantly lowering the cost per print.
Red Board is a longstanding Orbotech customer, specializing in high-precision, high-density circuit boards. Its products are widely used in mobile phones, communications, computer, instrumentation, automotive, home appliances and other applications.
Over the years we have consistently selected Orbotech s industry-leading tools, which have provided us with advanced capabilities and critical production advantages, said Mr. Sammy Yip, Managing Director of Red Board Ltd. We have chosen the Nuvogo 800 system because it offers us the flexibility and unrivalled production accuracy that is essential to our PCB manufacturing, while lowering overall operational costs. By using the Nuvogo 800, we will continue to provide optimal value to our customers.
Commenting on this announcement, Mr. Arik Gordon, PCB Division President at Orbotech, said: The sale of our 1,000th DI system is a significant occasion for Orbotech, and one that we are honored to share with Red Board, which has been an esteemed customer and strong partner over many years. He added: We thank all of our customers for their ongoing business and look forward to continuing to provide best-in-class DI systems for years to come. Mr. Gordon concluded: I would also like to take the opportunity to thank the global Orbotech team, without whose knowledge, industry expertise, commitment to innovation and technological excellence the development of the Nuvogo 800 would have been impossible.
About Nuvogo 800
Nuvogo 800 is a next-generation Direct Imaging solution capable of imaging on almost every resist type, affording maximum flexibility to PCB makers. Powered by MultiWave Laser Technology , Nuvogo 800 generates a multi wavelength laser beam for optimal line structure. This provides PCB manufacturers the ability to choose lower-cost resist types in order to further reduce total operating costs.
This high-productivity machine is able to achieve up to 7,000 panels/day/line at unprecedented quality. Superior line quality and registration accuracy is achieved through Orbotech s field-proven Large Scan Optics (LSO) Technology . Suitable for the most advanced HDI production, Nuvogo 800 ensures a high depth-of-focus critical for maximizing yields in increasingly challenging production environments. The combination of super high-productivity, flexibility to use almost any resist and unmatched yields results in the lowest possible cost-per-print and significantly lowers the system's total cost of ownership.
About Orbotech Ltd.
Orbotech Ltd. (NASDAQ: ORBK) is a global innovator of enabling technologies used in the manufacture of the world s most sophisticated consumer and industrial products throughout the electronics and adjacent industries. The Company is a leading provider of yield enhancement and production solutions for electronics reading, writing and connecting, used by manufacturers of printed circuit boards, flat panel displays, advanced packaging, micro-electro-mechanical systems and other electronic components. Today, virtually every electronic device is produced using Orbotech technology. For more information visit www.orbotech.com.
Cautionary Statement Regarding Forward-Looking Statements
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 (which includes the Semi IC and Systems business) and are subject to uncertainties and factors relating to Orbotech s 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, without limitation, timing and extent of achieving the anticipated benefits of the acquisition of SPTS, the timing and impact of conversion of SPTS s financial statements from U.K. GAAP to U.S. GAAP and the Company s ability to convert SPTS to a U.S. GAAP reporting regime, including its internal control over financial reporting; Orbotech s ability to effectively integrate and operate SPTS s business, the timing, terms and success of any strategic or other transaction, cyclicality in the industries in which the Company operates, the Company s production capacity, timing and occurrence of product acceptance (the Company defines bookings as purchase arrangements with customers that are based on mutually agreed terms which, in some cases, may still be subject to completion of written documentation and may be changed or cancelled by the customer, often without penalty), fluctuations in product mix, worldwide economic conditions generally, especially in the industries in which the Company operates, the timing and strength of product and service offerings by the Company and each of 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, the level of consumer demand for sophisticated devices such as smartphones, tablets and other electronic devices, the timing for a verdict in the ongoing appeal of the criminal matter and ongoing investigation in Korea (which may be in 2014 or early 2015), the final outcome and impact of this matter, including its impact on existing or future business opportunities in Korea and elsewhere, any civil actions related to the Korean matter brought by third parties, including the Company s customers, which may result in monetary judgments or settlements, expenses associated with the Korean matter, ongoing or increased hostilities in Israel 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, 2013, and subsequent SEC filings. 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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