Welsh Anchor Company recognized for Innovation and Export by Cranfield School of Management and awarded Best Apprenticeship Scheme and Large Manufacturer of the Year at Insider’s Made in Wales 2016 Awards

Newport, United Kingdom, SPTS Technologies, an Orbotech company and a supplier of advanced wafer-processing solutions for the global semiconductor and related industries, today announced that it has recently won four prestigious business awards. SPTS was presented with the Innovation Award and Export Award at this year’s Best Factory Awards organized by Cranfield School of Management.  SPTS also won the Apprenticeship Scheme of the Year and coveted Large Manufacturer of the Year Awards at last week’s Insider Made in Wales awards ceremony held at Cardiff City Hall.

Having met the stringent qualification criteria set by the judging panel at Cranfield School of Manufacturing and a comprehensive factory audit, the Innovation Award recognizes SPTS for their high level of innovation that occurs throughout the Company. The panel also noted the exceptionally commendable export sales of 95% with the Export Award. The judges noted the multi-dimensional aspects of innovation at SPTS, which enables the Company to remain at the forefront of technical advances in semiconductor process technologies and to bring industry leading products to its global markets. The judges also pointed to SPTS Technologies’ lean manufacturing processes and commitment to continuous improvement which provides improved operational efficiencies and significant annual cost savings to the business.

Adding to its accolades at the Insider 2016 Made in Wales Awards, SPTS Technologies received the Apprenticeship Scheme of the Year Award and was crowned Large Company of the Year. The Made in Wales Awards, which celebrates the very best in manufacturing, design and product development from across Wales, had also recognized SPTS Technologies’ significant export sales by short listing SPTS  in the Exporter of the Year Award category.

“We are very proud of winning these recent awards as they are a testament to the hard work and dedication of our employees,” stated Kevin Crofton, President of SPTS Technologies and Corporate Vice President at Orbotech. “To achieve and maintain the high level of operational efficiencies at SPTS is no easy task, and it’s the commitment to continuous improvement across the entire organization that has allowed us to grow our business, both operationally and profitably, year on year. The Best Factory Awards judging process was on par with some of our most demanding customer audits, and we are extremely proud to be recognized for manufacturing excellence by the team of assessors from Cranfield School of Management, the IEE and other independent institutions.”

“I am particularly proud of the Insider Made in Wales Apprenticeship Scheme of the Year Award as it recognizes our commitment to identifying and attracting young people to our industry and company. Our apprenticeship program is one element of many programs that helps SPTS ensure our future with a skilled talent pool. We continually invest in our people, allowing us to build and maintain a responsible and sustainable business. The Large Manufacturer of the Year Award is just icing on the cake, as they say, and I am extremely proud to share the recognition with each and every one of our employees whose collective efforts contribute to the success of the company.”

 

 

 

 

Click here to read the Cranfield School of Management award write-up

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.