- Transitioning AOI Fleet to Latest Generation Fusion™ Systems -

Billerica, MA – Orbotech, Inc., the North American subsidiary of Orbotech Ltd., a leading global provider of yield-enhancing and production solutions for printed circuit boards (PCBs), today announced that TTM Technologies, Inc. has made a major, multi-million dollar investment in latest generation Orbotech equipment.

These new systems are being utilized in TTM Technologies’ bare printed circuit board (PCB) production facilities located throughout the United States. Following extensive evaluations in multiple sites, TTM has chosen Orbotech’s flagship Fusion™ Automated Optical Inspection (AOI) system as its inspection platform of choice based on the system’s superior productivity, low false call rate and ease-of-use on a wide variety of materials and applications. TTM has begun transitioning its existing fleet of legacy Orbotech AOI systems to Fusion™ with the initial purchase of eight systems. Included in the investment are also additional Paragon™ Laser Direct Imaging (LDI) systems and Sprint™-100 inkjet legend printers.

“At TTM, we are focused on delivering highly complex printed circuit boards in significantly compressed lead times to enable our customers to develop sophisticated electronic products quickly and reduce their time to market”, commented Mr. Shane Whiteside, Chief Operating Officer at TTM Technologies. “By investing in Orbotech’s state-of-the-art production tools and implementing advanced manufacturing processes, we are able to remain at the forefront of the PCB industry as a best-in-class market leader.”

Mr. Gaby Waisman, President of Orbotech West, said: “TTM is an impressive, leading company driven by technology advancement. This major investment in new Orbotech equipment, including replacing their existing older generation systems, demonstrates their strong belief that the utilization of the most advanced, enabling production tools is a critical factor in their global business success. We are proud to be working with them and look forward to continuing our long-term partnership.”

About TTM Technologies, Inc.

TTM Technologies, Inc. (NASDAQ: TTMI) is a major global printed circuit board manufacturer, focusing on quick-turn and technologically advanced PCBs and the backplane and sub-system assembly business. TTM stands for time-to-market, representing how the company’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. Additional information can be found at http://www.ttmtech.com/.

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 and flat panel displays; 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 touch screens, character recognition for check and forms processing and solar photovoltaic manufacturing. Headquartered in Israel and operating from multiple locations internationally, Orbotech’s highly talented and inter-disciplinary professionals design, manufacture, sell and service the Company’s end-to-end portfolio of solutions for the benefit of customers the world over. For more information please see the Company's filings with the U.S. Securities and Exchange Commission at www.sec.gov and visit the Company's corporate website at www.orbotech.com. The corporate website is not incorporated herein by reference and is included as an inactive textual reference only.

Cautionary Statement Regarding Forward-Looking Statements and Non-GAAP Financial Measures

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, without limitation, cyclicality in the industries in which the Company operates, the Company's production capacity, timing and occurrence of product acceptance, 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 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 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, 2010. 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.