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Orbotech Wins $40M Orders from China’s CEC Panda for New Gen 8.6 LCD Fab
08.08.17

Solutions ordered include Orbotech Quantum™, Orbotech ArrayChecker™ and Orbotech ProcessSaver™

YAVNE, ISRAEL, August 8, 2017 | Orbotech Ltd., (NASDAQ: ORBK), a leading global supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products, announced today that it has received orders totaling approximately $40 million from TFT LCD panel maker, CEC Panda LCD Technology Co., Ltd. (a China Electronics Corp. company) for phase one of CEC Panda’s new Gen 8.6 fab in Chengdu, China. The orders are for a range of Orbotech’s industry-leading flat panel display (FPD) inspection, testing and repair solutions, including Orbotech Quantum™, Orbotech ArrayChecker™ and Orbotech ProcessSaver™, with deliveries expected to begin during the third quarter of 2017. CEC Panda has indicated that it expects to reach a maximum capacity of 60,000 glasses per month in phase one of mass production.

“Our high-performance inspection, testing and repair solutions were first selected by CEC Panda when they were ramping up production about three years ago,” commented Mr. Edu Meytal, President of Orbotech Pacific Display. “We are very excited to partner once again with CEC Panda to provide this significant support for its new Gen 8.6 fab.”

About Orbotech’s Quantum™ FPD AOI

Orbotech’s Quantum™ FPD AOI system offers display manufacturers cutting-edge automated inspection solutions for all types of display technologies, including flex and OLED. Orbotech FPD AOI systems increase production yields using advanced optics for image acquisition, unique image processing technologies, algorithms and data processing capabilities, microscopic video imaging, CD/Overlay measurements and automated macro (Mura) inspection to enable high-sensitivity defect detection and extremely accurate classification.

About Orbotech ArrayChecker

The Orbotech ArrayChecker test system determines whether individual pixels or lines of pixels are functional. It also finds more subtle process defects such as variations in individual pixel voltage. Defect data are used for repair and statistical process control to decrease material costs and improve throughput.

About Orbotech ProcessSaver

The Orbotech ProcessSaver is an advanced repair solution that locates and repairs metal defects and for re-patterning p-Si and photo resist in the high-volume fabrication of flat panel displays (FPDs). Orbotech repair solution provides advanced laser scanning technology combined with automatic repair features and high throughput.

About CEC Panda
Based in Nanjing, China, Nanjing CEC Panda LCD Technology Co., Ltd. is a subsidiary of China Electronics Corporation (CEC), the largest state-owned IT enterprise in China. CEC-Panda is engaged in research and development, manufacture and sales of telecommunications equipment, computers and electronic equipment, as well as provision of technical services. The company possesses solid research and development capabilities and owns three state-level engineering technology development centers.

About Orbotech Ltd.
Orbotech Ltd. is a leading global supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. Orbotech provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), and semiconductor devices (SDs), designed to enable the production of innovative, next-generation electronic products and improve the cost effectiveness of existing and future electronics production processes. Orbotech’s core business lies in enabling electronic device manufacturers to inspect and understand PCBs and FPDs and to verify their quality (‘reading’); pattern the desired electronic circuitry on the relevant substrate and perform three-dimensional shaping of metalized circuits on multiple surfaces (‘writing’); and utilize advanced vacuum deposition and etching processes in SD and semiconductor manufacturing (‘connecting’). Orbotech refers to this ‘reading’, ‘writing’ and ‘connecting’ as enabling the ‘Language of Electronics’. For more information, visit www.orbotech.com and www.spts.com.


ORBOTECH COMPANY CONTACTS:

 

Rami Rozen

Tally Kaplan Porat

Director of Investor Relations

Director of Corporate Marketing

Tel: +972-8-942-3582

Investor.relations@orbotech.com    

Tel: +972-8-942-3603

Tally-Ka@orbotech.com

 

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