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OPTROTECH ANNOUNCES FIRST QUARTER OPERATING RESULTS (UNAUDITED)

 OPTROTECH ANNOUNCES FIRST QUARTER OPERATING RESULTS (UNAUDITED)
 BILLERICA, Mass., May 11 /PRNewswire/ -- Optrotech, Ltd. (NASDAQ/NMS: OPTKF) today announced unaudited consolidated revenues and earnings for the first quarter (January - March) of 1992. The company's revenues for the first quarter ending March 31, 1992 were $18,459,213 compared with $19,491,058 for the first quarter in 1991.
 The drop in revenue and reported loss are the result of the continuing slump in the worldwide electronics industry and the build- up in expenses associated with the recent introduction of several new products.
 The company's primary markets are still plagued by recession, although the U.S. market has recently shown signs of recovery. To this end, the company recently shown signs of recovery. To this end, the company recently received an order from a large U.S. PCB manufacturer for approximately $3 million, comprised entirely of the company's new products.
 Optrotech has decided to exercise its option and to increase its share in Opal, Inc. to approximately 24 percent. Opal designs, manufactures and markets wafer metrology systems for the semiconductor industry and has recently been chosen by IBM as a supplier of these systems. The selection was made after evaluation of systems manufactured by Japanese and others.
 The company believes that its products are well-adapted to the needs of the market, and that the ability to provide CIM (Computer Integrated Manufacturing) solutions for the production of Printed Circuit Boards, the professional and aggressive marketing and high standard of service, as well as continuous intensive research and development efforts, will enable the company to promptly recover and return to profitability. OPTROTECH LTD. CONDENSED CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)
 Three months ended
 3/31/92 3/31/91
 Revenues $18,459 $19,491
 Net income after taxes (1,609) 127
 Earnings per share (25 cents) 3 cents
 Weighted average number
 of shares outstanding 6,343,775 7,006,650
 -0- 5/11/92
 /CONTACT: Tali Idan, vice president finance & administration of Optrotech, Ltd., 508-667-6037/
 (OPTKF) CO: Optrotech, Ltd. ST: Massachusetts IN: CPR SU: ERN


PB -- NE006 -- 8425 05/11/92 08:33 EDT
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Publication:PR Newswire
Date:May 11, 1992
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