Leading Semiconductor Equipment Maker Targets High Growth Advanced Packaging Applications with Support from Welsh Government

Newport, United Kingdom – SPTS Technologies, an Orbotech company and supplier of advanced wafer processing solutions for the global semiconductor and related industries, today announced that it has surpassed U.S. $1 billion in cumulative export sales of semiconductor processing equipment from its manufacturing headquarters in Newport, South Wales. This milestone was achieved over the past six years since the founding of SPTS in 2009.

SPTS has been pioneering advanced wafer processing technologies for semiconductor and microelectromechanical systems (MEMS) device manufacturing from its headquarters in Newport. With support from the Welsh Government Research, Development and Innovation (“RD&I”) funding, SPTS continues to develop its industry leading process solutions for Advanced Packaging applications, including Fan-out Wafer Level Packaging and Plasma Dicing of wafers for higher yield device singulation.

Commenting on this achievement, Kevin Crofton, President of SPTS Technologies and Corporate VP at Orbotech, remarked: “SPTS has a long history of innovation in the new wafer processing technologies for the global semiconductor and micro-electronics manufacturing industries, with Advanced Packaging remaining a strategic and high growth segment of our business. Our proven ability to develop and commercialize new products and solutions has been key to achieving our first billion dollar export sales milestone. In 2014, SPTS was awarded significant research and development funding from the Welsh Government in support of a three-year project, which will assist us in ensuring that the Advanced Packaging solutions developed in Newport by our research and development team will continue to provide customers around the world with the most technically advanced and low-cost-of-ownership solutions available in the marketplace.”

Welsh Minister for Economy, Science and Transport Edwina Hart said, “SPTS Technologies has a track record of identifying niches and successfully exploiting them, and was awarded Anchor Company status by the Welsh Government in recognition of its strategic importance to the Welsh economy in terms of exports, job creation, R&D investment and supply chain support. This $1 billion exports milestone is a tremendous achievement, and I congratulate the company on not only reaching, but surpassing, this significant milestone which represents a major boost for Welsh export sales and the economy.”

Mrs Hart added, “SPTS is a significant contributor to the UK economy. The company spends over £50m a year on materials and the impact of its ‘buy local’ policy means that three of their top ten supplier are Welsh firms and 80% of its annual spend goes to firms in an 80-mile radius of SPTS. Each £1m it spends supports 10 jobs in the local economy which represents a considerable indirect economic benefit for Wales. By providing support to anchor companies such as SPTS, we are enhancing the economic and industrial development in the region.”

Presented with the Queens Award for Enterprise in International Trade 2013 and named an ‘Anchor Company’ by the Welsh Government in 2014, SPTS exports over 95% of its products to global customers worldwide. SPTS’s equipment is used to manufacture semiconductor and micro-electronic devices that are found in many of the consumer electronic products, domestic appliances and automobiles that impact our lives on a daily basis, including nearly every smartphone in the world, energy management and control sensors in home appliances and automobile safety systems.

 

About Orbotech Ltd.

Orbotech Ltd. 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. Virtually every electronic device in the world is produced using Orbotech systems. For more information, visit http://www.orbotech.com/.

 

COMPANY CONTACTS:


Destanie Clarke 

Corporate Marketing Director

SPTS Technologies

Tel: +44 7951 203278

Destanie.Clarke@orbotech.com

 

Ann Michael  

Senior Corporate Marketing Communications Manager

Orbotech Ltd.

Tel: +972-8-942-3148                                                                            

Ann.Michael@orbotech.com 

Cautionary Statement Regarding Forward-Looking Statements

Except for historical information, the matters discussed in this website (including in press releases, webcasts, presentations, posts and other places) 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 website to identify forward-looking statements. These forward-looking statements are made based on management’s expectations and beliefs concerning future events as of the date of the applicable information (press releases, webcasts, presentations, or posts) and are subject to uncertainties and factors relating to Orbotech’s operations and business environment, the previously announced acquisition of Orbotech by KLA, the manner in which the parties plan to effect the transaction, including the share repurchase program, the ability to raise additional capital necessary to complete the repurchase program within the time frame expected, the expected benefits, synergies and costs of the transaction, management plans relating to the transaction, the expected timing of the completion of the transaction, the parties’ ability to complete the transaction considering the various closing conditions, including conditions related to regulatory and Orbotech shareholder approvals, the plans, strategies and objectives of management for future operations, product development, product extensions, product integration, complementary product offerings and growth opportunities in certain business areas, the potential future financial impact of the transaction, and any assumptions underlying any of the foregoing. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to the foregoing matters and the possibility that expected benefits of the transaction may not materialize as expected, that the transaction may not be timely completed, if at all, that KLA-Tencor may not be able to successfully integrate the solutions and employees of the two companies or ensure the continued performance or growth of Orbotech’s products or solutions, the risk that the Company may not achieve its revenue and margin expectations within and for 2018 (including, without limitation, due to shifting move-in dates); cyclicality in the industries in which the Company operates, the Company’s supply chain management and production capacity, order cancelation (often without penalty), timing and occurrence of product acceptance (the Company defines ‘bookings’ and ‘backlog’ as purchase arrangements with customers that are based on mutually agreed terms, which, in some cases for bookings and backlog, 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 within and among divisions, 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, including as a result of the United Kingdom’s prospective withdrawal from the European Union (known as “Brexit”) and political uncertainty in the United States, 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 smart mobile devices, automotive electronics, flexible applications and devices, augmented reality/virtual reality and wearable devices, high-performance computing, liquid crystal display and organic light emitting diode screens and other sophisticated devices, the Company’s global operations and its ability to comply with varying legal, regulatory, exchange, tax and customs regimes, the timing and outcome of tax audits, including the best judgment tax assessment issued by the Israel Tax Authority with respect to the audit of tax years 2012-2014 in Israel and the related criminal investigation, the Company’s ability to achieve strategic initiatives, including related to its acquisition strategy, the Company’s debt and corporate financing activities; the timing, final outcome and impact of the criminal matter and ongoing investigation in Korea, including any 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, and ongoing or increased hostilities in Israel and the surrounding areas.

The foregoing information should be read in connection with the Company’s Annual Report on Form 20-F for the year ended December 31, 2017, and subsequent SEC filings. This information is also supplemented by the information in the applicable document on this website (e.g., press release, webcast, presentation, posts and other document). The Company is subject to the foregoing and other risks detailed in those reports. The Company assumes no obligation to update the information in this website (including press releases, webcasts, presentations, posts and other places) to reflect new information, future events or otherwise, except as required by law.