Coretec, Inc. Selects Orbotech Technology for Laser Direct Imaging.

Business Editors

YAVNE, Israel--(BUSINESS WIRE)--May 15, 2001

-- Two DP-100(TM)Systems to be Utilized for Advanced Imaging in

PCB Production Process --

ORBOTECH LTD. (NASDAQ/NM SYMBOL: ORBK) today announced the receipt of a major order from CORETEC INC. (Toronto Stock Exchange: CYY) for two DP-100 direct imaging systems to be used in Coretec's new high density interconnect prototype printed circuit board (PCB) manufacturing facility in Toronto, Canada. This order is the first purchase of multiple DP-100 systems by a North American PCB manufacturer, and represents a cumulative investment totaling approximately $3.4 million in value by Coretec in Orbotech imaging solutions, automated optical inspection (AOI) systems and computer-aided manufacturing (CAM) solutions during the past six months.

"At Coretec, our philosophy with respect to continuous investments in advanced equipment and processes has kept us ahead of demanding technology changes, and we intend to remain technological leaders," said Paul Colin Langston, Chairman and Chief Executive Officer of Coretec Inc. "Orbotech's hardware and software platforms ideally support our strategy of focusing on time-sensitive PCB requirements and providing 'concept to maturity' PCB solutions of the highest technology and quality."

Mr. Shabtai Shaanani, President of Orbotech, Inc., stated: "Coretec's mission is to provide customers with superior printed circuit boards and faster time-to-market services. Orbotech has a proven track record of supplying the advanced solutions and comprehensive service necessary to help PCB manufacturers do just that. We look forward to participating in Coretec's growth as a major supplier and appreciate the confidence that Coretec has placed in us."

Coretec is one of the leading fabricators of printed circuit boards for the prototype and quick turnaround production segments of the North American and European markets. Coretec distinguishes itself from its competitors by providing complete printed circuit board service solutions, including highly engineered design, advanced prototyping and quick turnaround production. For more information, please visit www.coretec-inc.com.

Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties which could cause the actual results to differ materially from those projected, including the timely development and acceptance of new products, delays in factory testing and acceptance, industry trends, technology or pricing competition 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.

Orbotech designs, develops, manufactures, markets and services production support solutions for the supply chain of the electronics industry, principally for printed circuit boards (PCBs), and flat panel displays (FPDs). The Company is a world leader in automated optical inspection (AOI) systems for bare PCBs and for FPDs, and in imaging solutions for PCB production, and is one of a number of leading providers of AOI systems for assembled PCBs. The Company's innovative AOI, imaging and computer-aided manufacturing (CAM) technologies enable customers to achieve the increased yields and throughput essential to remaining at the forefront of electronics production. Of Orbotech's over 1,800 employees, more than one third are scientists and engineers, who integrate their multi-disciplinary knowledge, talents and skills to develop and provide hi-tech 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 50 offices worldwide. The Company's extensive network of marketing, sales and customer support teams throughout North America, Europe, the Pacific Rim, China and Japan deliver its knowledge and expertise directly to customers the world over. For more information visit www.orbotech.com.