Award honors technology innovators demonstrating global electronics industry leadership
DECEMBER 14, 2016 | ORBOTECH LTD.,a leading provider of process innovation technologies, solutions and equipment enabling the transformation of the global electronics manufacturing industry, today announced its Precise™ 800 Automated Optical Shaping (AOS) System won the EE Times and EDN 2016 Annual Creativity in Electronics (ACE) Award
in the Passives, Interconnects, and Electromechanical category. The awards program honors technology innovators demonstrating global electronics industry leadership. The winners were announced at an awards ceremony on Wednesday, December 7, at the Embedded Systems Conference (ESC) Silicon Valley at the San Jose Convention Center in San Jose, CA.
Precise™ 800, an Automated Optical Shaping (AOS) system, is the first solution for advanced HDI and complex multi-layer PCB manufacturing capable of both shaping excess copper (“shorts”) by removing or ablating it as well as depositing and 3D shaping missing copper (“opens”). By ensuring that the original Computer Aided Manufacturing (CAM) design is accurately produced, this one-stop 3D shaping solution increases PCB yield significantly by virtually eliminating scrap, allowing PCB manufacturers to increase cost savings, lower TCO and achieve a faster return on investment.
With its push-to-shape functionality, this fully automated innovative implementation of digital additive manufacturing represents a complete breakthrough in electronics micro-manufacturing production processes. PCB manufacturers are under pressure to produce cost-sensitive, ever-smaller, functionality-rich devices in high volumes. With its ability to dramatically reduce scrap and improve resource efficiency, the Precise™ 800 meets those requirements with high-quality, meticulous shaping of PCBs.
The 2016 ACE Awards are judged by a prestigious panel of academic and business leaders, as well as EDN and EE Times editors.
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 is produced using Orbotech technology. For more information, visit http://www.orbotech.com/
Cautionary Statement Regarding Forward-Looking Statements
Except for historical information, the matters discussed in this press release 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 press release to identify forward-looking statements. These forward-looking statements are made based on management's expectations and beliefs concerning future events affectingOrbotechand are subject to uncertainties and factors relating toOrbotech's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control. Many factors could cause the actual results to differ materially from those projected including, without limitation, cyclicality in the industries in which the Company operates, the Company's production capacity, timing and occurrence of product acceptance (the Company defines ‘orders’, 'bookings' and 'backlog' as purchase arrangements with customers that are based on mutually agreed terms, which, in some cases for orders, 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 so-called 'Brexit' process, 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 smartphones, tablets and other electronic devices as well as automobiles, the Company's global operations and its ability to comply with varying legal, regulatory, exchange, tax and customs regimes, the Company's ability to achieve strategic initiatives, including related to its acquisition strategy, the Company's debt and corporate financing activities; the final timing and outcome (each expected during the first half of 2017), and impact of the criminal matter and ongoing investigation inKorea, including any impact on existing or future business opportunities inKoreaand 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, ongoing or increased hostilities inIsraeland the surrounding areas, and other risks detailed in the Company'sSECreports, including the Company's Annual Report on Form 20-F for the year endedDecember 31, 2015, and subsequent SEC filings. The Company assumes no obligation to update the information in this press release to reflect new information, future events or otherwise, except as required by law.
ORBOTECH COMPANY CONTACTS:
Tally Kaplan Porat
Director of Corporate Marketing