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
Director of Investor Relations
Tel: +972-8-942-3582
 
 
Tally Kaplan Porat
Director of Corporate Marketing
Tel: +972-8-942-3603
 
 

Cautionary Statement Regarding Forward-Looking Statements 

Some of the matters discussed in this website (including in press releases, webcasts, presentations, posts and other places) are projections or other 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 statements are only predictions and actual events or results may differ materially. We refer you to the documents KLA files from time to time with the Securities and Exchange Commission, specifically, KLA’s most recent Form 10-K and Form 10-Q.  These documents contain important factors that could cause the actual results to differ materially from those contained in projections and other forward-looking statements including, among others, volatility and cyclicality in the semiconductor equipment industry and other industries in which KLA and its subsidiaries operate, potential fluctuations in operating results and stock price, international trade and economic conditions, the ability to compete successfully worldwide, management of technological change and customer requirements, fluctuations in product mix within and among divisions, the timing and strength of product and service offerings by KLA and its subsidiaries and its and their competitors, intellectual property obsolescence and infringement, and factors associated with key employees, key suppliers, acquisitions, and litigation. Additional factors impacting the business of KLA and its subsidiaries include integration between KLA and its acquired companies, ability to achieve synergies and other benefits of acquisitions in the timeframe anticipated, if at all,

KLA and its subsidiaries assume 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.

Disclaimer

This site is provided by KLA Corporation (or its subsidiaries) on an "as is" basis. None of KLA and its subsidiaries make any representations or warranties of any kind, express or implied, as to the operation of the site, or the accuracy or completeness of the information, content, materials, pricing, services, or products included on this site. Product specifications and prices are subject to change without notice, and products may be discontinued without notice. None of KLA and its subsidiaries will be liable for any damages of any kind arising from the use of this site, or the material that is provided on this site, including but not limited to direct, indirect, special, incidental, punitive, or consequential damages.