APCB Inc. to Invest $6 Million in Latest Generation Orbotech AOI and Laser Plotting Systems.YAVNE, Israel -- ORBOTECH LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (NASDAQ/NM SYMBOL:ORBK) today announced that it has signed a major agreement with APCB APCB Air Pollution Control Board Inc., valued at approximately $6 million dollars, for the purchase of multiple Discovery(TM) Automated Optical Inspection Automated Optical Inspection (AOI) is an automated visual inspection of PCB(or LCD,transistor manufacture) where a camera autonomously scans the device under test for both catastrophic failure (eg. missing component) and quality defects (eg. (AOI AOI Area Of Interest AOI Automated Optical Inspection AOI Art of Illusion (3D modeling software) AOI Associated Oregon Industries AOI Angle Of Incidence AOI Age of Innocence (David Hamilton book, also a band) ) systems and LP(TM)-9008 series laser plotters for use in the manufacturer's bare printed circuit board production facilities located in Taiwan and China. Commenting on this agreement, Mr. Lai, Chairman of APCB, stated: "We selected this new generation equipment from Orbotech after an extensive evaluation of the solutions offered by the industry's AOI suppliers. Orbotech has the advanced technology, proven performance and support to meet our requirements for providing our global customers with reliable products and services of superior quality." "APCB is focused on maintaining a strict quality control process as it strives to achieve the goal of defect-free production", said Lior De-Picciotto, President of Orbotech Pacific Ltd. "They are currently utilizing dozens of Orbotech AOI systems throughout their operation as part of this strategy. We are very pleased that they have again selected our solutions over those of our competition. We are confident that our new AOI and laser plotting technologies will significantly contribute to APCB's continued manufacturing success." About APCB Established in 1981, with headquarters in Taipei, Taiwan, APCB develops various products from PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. for LED display all the way to multi-layer boards for PCs and their peripheral equipment. The primary goal of the company is to provide customers with high-quality products, fast delivery, and zealous service. To the company, sincerity towards customers, employees, and shareholders is the operating principle in addition to developing new technology with new knowledge and experience. For more information, please visit www.apcb.com.tw. About Orbotech Ltd. Orbotech is a world leader in providing yield-enhancing, production support solutions for specialized applications in the supply chain of the electronics industry, principally for printed circuit boards (PCBs) and flat panel displays A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time (FPDs). The Company designs, develops, manufactures, markets and services automated optical inspection (AOI) systems for bare and assembled PCBs and for FPDs, and imaging solutions for PCB production. The Company's innovative AOI, imaging and computer-aided manufacturing computer-aided manufacturing (CAM), a form of automation where computers communicate work instructions directly to the manufacturing machinery. The technology evolved from the numerically controlled machines of the 1950s, which were directed by a set of coded (CAM) technologies enable customers to achieve the increased yields and throughput essential to remaining at the forefront of electronics production. Through its subsidiary, Orbograph Ltd., the Company also develops and markets automatic check reading software to banks and other financial institutions. Of Orbotech's employees, more than one quarter are scientists and engineers, who integrate their multi-disciplinary knowledge, talents and skills to develop and provide sophisticated solutions and technologies designed to meet customers' long-term needs. Orbotech maintains its headquarters and its primary research, development and manufacturing facilities in Israel, and more than 30 offices worldwide. The Company's extensive network of marketing, sales and customer support teams throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. , China and Japan deliver its knowledge and expertise directly to customers the world over. For more information visit www.orbotech.com. Except for historical information, the matters discussed in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to certain risks and uncertainties which could cause the actual results to differ materially from those projected, including industry trends, the timing and strength of product and service offerings, changes in business or pricing strategies There are many ways in which the price of a product can be determined. The following are the foremost strategies that businesses are likely to use. Competition-based pricing Setting the price based upon prices of the similar competitor products. , 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 and other risks detailed from time to time in the Company's SEC reports. The Company assumes no obligation to update the information in this press release. |
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