Orbotech Announces Major Installation of AOI Systems for PCB Assembly At Siemens Plant; Multiple Trion-2340 Systems Utilized in New Bruchsal Factory.

Business/Technology Editors

YAVNE, Israel--(BUSINESS WIRE)--Aug. 7, 2001

ORBOTECH LTD. (NASDAQ/NM SYMBOL: ORBK) today announced the successful installation of multiple Trion-2340 automated optical inspection (AOI) systems in the SMT lines at the new factory of Siemens AG's Information, Communication and Networking (ICN) Group in Bruchsal, Germany. These AOI systems have been integrated into the fully automated, high volume lines which manufacture the DSL broadband access Attane XpressLink product family.

"We had to make a decision quickly late last year and needed a supplier that proved flexible and technically competent to assist us during a very fast ramp-up", explained Mr. Malzacher, Manager of the new ICN plant. "Orbotech provided us with a winning solution and excellent support."

Mr. Chanoch Biran, President of Orbotech S.A., added, "We are very pleased to have been selected by Siemens and to have enjoyed such success with this installation. Ramping up a new factory is always a challenge and we have been strongly impressed by Siemens' unwavering dedication to the project during these past months. We are committed to Siemens worldwide, and look forward to continued co-operation with them on a number of projects designed to assure the long-term success of this and other manufacturing sites."

The opening of the Siemens' new Bruchsal facility, officially in operation since February, 2001, has substantially increased production capacity, thus furthering ICN's goal to become among the top three leading companies in the area of broadband access technology worldwide. A twenty-fold increase in production to 2.5 million DSL ports is planned for this year alone.

Siemens Information and Communication Networks Group (ICN) is a leading provider of integrated voice and data networks for enterprises, carriers and service providers. Its comprehensive portfolio comprises, in particular, IP-based convergence solutions, and a full range of products for broadband access, optical transport networks as well as the integration, services and applications business. The Siemens Group thus provides complete solutions from a single source for the infrastructure of the Next Generation Internet, a prerequisite for mobile business. Further information about ICN is available at http://www.ic.siemens.com/networks.

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 industry trends, the timing and strength of the Company's or competitors' new product and service offerings, the mix of product and service revenues, changes in the Company's or competitors' business or pricing strategies, changes in the prevailing political and regulatory framework in which the Company operates 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.

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 a leading provider 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 employees, more than one quarter 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.