Billerica, MA– September 8, 2014 – Orbotech, Inc.,the North American subsidiary of Orbotech Ltd., a leading global provider of yield-enhancing and production solutions for printed circuit boards (PCBs) and IC substrates, today announced that ITL Circuits (Markham, Ontario, Canada) has purchased Orbotech’s Paragon™ 9800 laser direct imaging (LDI) system, the industry’s best-selling imaging technology for mass production, to better serve their customers across a broad range of industriesincluding: military; aerospace; industrial automation; medical; communications; and computer systems.
Established in 1971, ITL Circuits is the oldest and largest privately held PCB manufacturer in Canada and for decades has chosen Orbotech’s industry-leading production systems. This latest purchase is part of ITL’s sustained investment in the industry’s latest equipment to gain advanced capabilities and lower production costs. Investing in digital imaging will allow ITL to enhance their current offering and further secure the company’s competitive edge in the North American PCB marketplace. Commenting on the announcement, Mr. Adolf Czudnochowsky, Vice President of ITL Circuits said, “Our unmatched reputation as a leading PCB manufacturer is built around our commitment to support our customers increasingly demanding product development cycles by providing the highest quality PCB’s on a quick-turn basis. Our customers have come to depend on ITL for our superior product reliability backed by the highest standards of workmanship. Orbotech has long been our vendor-of-choice and has supported us in this goal by providing the industry’s most advanced technology. Moving forward into laser digital imaging, Orbotech’s field-proven system was the clear choice for us.”
“ITL maintains its position at the forefront of the North American PCB industry by continually investing in the latest capital equipment from world-leading vendors. After a thorough assessment of the alternative imaging technologies against Orbotech’s Paragon 9800, ITL discovered first-hand the distinct benefits of Orbotech’s powerful LDI technology”, said Mr. Hadar Himmelman, President of Orbotech West. “We greatly appreciate ITL’s decision to further extend their partnership with us and look forward to continue serving them in the future.”
About ITL Circuits
ITL Circuits, Inc. is the largest privately owned printed circuit board manufacturers in Canada, employing approximately 130 people. The company, founded in 1971, is a full-service circuit board manufacturer, with capabilities extending from single-sided boards to high-layer count multi-layers. ITL Circuits currently produces PCBs for commercial, military, telecommunications, medical, industrial, and aerospace applications. The new facility, which reflects the tremendous success the company has experienced over its 43-year history, will increase ITL Circuit's production capacity significantly, enabling the company to expand its current customer base, while providing an even higher level of service to its current customers.
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, flat panel displays and other electronic components. Today, virtually every electronic device is produced usingOrbotech technology. The Company also applies its core expertise and resources in other advanced technology areas, including character recognition for check and forms processing and solar photovoltaic manufacturing. Headquartered inIsraeland 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 theSECat 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.
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