Orbotech Receives Major Order From Honeywell's Advanced Circuits Group; PCB Inspection Equipment Order Total Approximately $6.9M.Business Editors YAVNE, Israel--(BUSINESS WIRE)--Nov. 6, 2000 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 the receipt of a major order from Honeywell Electronic Materials' Advanced Circuits Group, a business unit of Honeywell International Inc. (NYSE NYSE See: New York Stock Exchange SYMBOL: HON), totaling approximately $6.9 million in value for multiple Vision Blaser-AP(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 to be utilized at Advanced Circuits' printed circuit board manufacturing facilities in Minnesota and Wisconsin, U.S.A. Commenting on the order, Mr. Mike Euch, Director of Operations at Honeywell Electronic Materials' Advanced Circuits Group, said, "We are continually pushing the boundaries of 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. technology to deliver best-fit products for today's leading telecommunication, computer and semiconductor applications. With this order for advanced AOI systems, we are building onto our existing base of Orbotech inspection equipment to meet our customers' increasing demand for superior quality, sophisticated multilayer and high-density interconnect PCBs." Mr. Shabtai Shaanani, President of Orbotech, Inc., the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. subsidiary of Orbotech Ltd., stated, "The Advanced Circuits Group is a long term customer of Orbotech. We look forward to continuing to provide them with the highest performance and value as they grow to accommodate increasing business opportunities. In recent months, we have seen positive signs of capacity expansion among leading North American manufacturers in response to favorable demand from the global electronics industry for complex PCBs." Honeywell Electronic Materials' Advanced Circuits group is a premier supplier of printed circuit board (PCB) solutions to the leading telecommunication, computer and semiconductor manufacturers. With over 30 million microvias formed a week, Advanced Circuits is a leading supplier of high-density interconnect products in 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. . The company's PCBs and printed circuit packages are manufactured at five sites throughout Minneapolis/St. Paul, Minnesota and one site located in Chippewa Falls, Wisconsin Chippewa Falls, named after the Chippewa Indians, is a city located on the Chippewa River in Chippewa County in the U.S. state of Wisconsin. The population was 12,925 at the 2000 census. It is the county seat of Chippewa CountyGR6. . Applications include cellular and personal communication systems, base stations and pagers, file servers, workstations, laptops and network switches. Additional information on the company is available on the Internet at www.honeywell.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 is a world leader in providing advanced technology solutions used by electronics manufacturers to facilitate the highest quality production of printed circuit boards (PCBs), 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) and electronics assemblies. The Company's innovative automated optical inspection (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. Of Orbotech's over 1,600 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 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. |
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