YAVNE, Israel, April 20 2015
/PRNewswire/ -- ORBOTECH LTD. (NASDAQ: ORBK) today announced
that SPTS Technologies, an Orbotech company and supplier of
advanced wafer processing solutions for the global semiconductor
and related industries, was presented with a Supplier Excellence
Award in the 'Special Achievement' category at the Analog Devices
(NASDAQ: ADI) annual award ceremony held in Hong Kong.
The ADI Supplier Excellence Award goes to suppliers that play a
key role in ADI's successes and collaborate with it on development
and improvement of products and manufacturing processes. Winners
were required to demonstrate exceptional commitment to excellence
in manufacturing, leadership in maintaining quality standards and
reliability specifications and on-time delivery of goods and
services.
"Our strategic suppliers are vital to ADI's mission to deliver
high-performance analog, mixed-signal, and digital signal
processing integrated circuits used in virtually all types of
electronic equipment," said Vince
Simonelli, Director of Global Purchasing, Analog
Devices. "SPTS was selected for the Special Achievement Award
because it consistently demonstrated innovation, responsiveness and
exceptional commitment to bringing our new chemical vapor
deposition process capability online as specified and on time."
Kevin Crofton, President of SPTS
Technologies and Corporate VP at Orbotech, commented, "We are
proud to be recognized as a strategic supplier and partner to ADI,
and honored to receive this Special Achievement Award, which
underscores the technical excellence of our solutions and the
outstanding performance of our support teams across the entire
organization."
About Orbotech Ltd.
Orbotech Ltd. (NASDAQ:ORBK) 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. Today, virtually every electronic device in
the world is produced using Orbotech systems. For more information,
visit http://www.orbotech.com/.
About SPTS Technologies
SPTS Technologies, an Orbotech
company, designs, manufactures, sells, and supports etch, PVD, CVD
and thermal wafer processing solutions for the MEMS, advanced
packaging, LEDs, high speed RF on GaAs, and power management device
markets. With manufacturing facilities in Newport, Wales, Allentown, Pennsylvania, and San Jose, California, the company operates
across 19 countries in Europe,
North America and Asia-Pacific. For more information about SPTS
Technologies, please visit www.spts.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
affecting Orbotech and are subject to uncertainties and factors
relating to Orbotech'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, timing and extent of achieving the anticipated
benefits of the acquisition of SPTS; Orbotech's ability to
effectively integrate and operate SPTS's business, the timing,
terms and success of any strategic or other transaction,
cyclicality in the industries in which the Company operates, the
Company's production capacity, 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, 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 each of its competitors, changes in business or
pricing strategies, changes in the prevailing political and
regulatory framework in which the relevant parties operate 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, the timing for a verdict in the ongoing appeal
of the criminal matter and ongoing investigation in Korea, the
final outcome and impact of this matter, including its 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, ongoing or increased hostilities in Israel and other risks detailed in the
Company's SEC reports, including the Company's Annual Report on
Form 20-F for the year ended December 31,
2014, 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.
COMPANY CONTACTS:
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Destanie Clarke
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Anat Earon-Heilborn
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Ann
Michael
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Corporate Marketing Director
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Director of Investor Relations
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Senior Corporate
Marketing
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SPTS Technologies
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Orbotech Ltd.
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Communications
Manager Orbotech Ltd.
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Tel: +44 7951 203278
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Tel: +972-8-942-3582
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Tel:
+972-8-942-3148
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SOURCE Orbotech Ltd.