By end of Q2 2017, Orbotech’s FPD bookings are expected to reach approximately $300M for the trailing 12 months

YAVNE, ISRAEL, MAY 30, 2017 | Orbotech Ltd., a leading global supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products, today announced a $24 million order with Xianyang CaiHong Optoelectronics Technology Co. Ltd., (”CHOT”), a Chinese flat panel display manufacturer and part of the China Electronics Corporation (CEC). The Orbotech solutions ordered are for phase I of CHOT’s new Gen 8.6 fab in Xianyang, China, and are designed to support the manufacture of a monthly capacity of 60,000 panels. The solutions chosen include multiple Automated Optical Inspection (AOI), Array Testing and Array Repair systems for use in the production of LCD TV displays.
 
“As the demand for LCD televisions grows, Orbotech continues to deliver advanced solutions that improve manufacturing process efficiencies and support the industry’s increasingly complex technologies,” stated Mr. Edu Meytal, President of Orbotech Pacific Display. “We are honored to have been chosen by CHOT and believe that our solutions, based on our proven experience and advanced technology, will help them to rise to the forefront of the world’s display technology leaders.”
 
Orbotech’s bookings for its FPD products are anticipated to reach, by the end of Q2 2017, approximately $300 million for the trailing 12 months.
 
“We are very pleased with the intensified demand for our innovative display solutions, particularly over the trailing 12 months,” said Gil Oron, Corporate Vice President and President of the FPD Division. “This increased demand for Orbotech’s LCD and OLED solutions is testament to the advanced technology of our solutions and the close cooperation with our customers which enable us to develop accurate, reliable solutions for their current and future needs.”
 
About FPD Automated Optical Inspection (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 repair systems utilize multiple wavelength laser technology to repair defects in flat panel displays during and after array fabrication. The systems can use defect data files downloaded from the ArrayChecker test systems or other test and inspection systems to automatically position the panel for repair, thereby eliminating the time spent by operators locating defects.
 
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About CHOT (Xianyang CaiHong Optoelectronics Technology Co. Ltd.) 
Xianyang CaiHong Optoelectronics Technology Co., Ltd. was established in November 13, 2015, by Xianyang Financial Holdings Limited and Xianyang Zhonghua Rainbow Group Holdings Co., Ltd., who jointly funded the formation of a limited liability company.
 
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, 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, pattern the desired electronic circuitry on the relevant substrate and perform three dimensional shaping of metalized circuits on multiple surfaces, and utilize advanced vacuum deposition and etching processes in SD and semiconductor manufacturing. For further information, visit http://www.orbotech.com and www.spts.com
 
 
ORBOTECH COMPANY CONTACTS:
 
Rami Rozen
Director of Investor Relations
Tel: +972-8-942-3582
 
Tally Kaplan Porat
Director of Corporate Marketing
Tel: +972-8-942-3603
 
 

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