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ORBOTECH NEARS COMPLETION OF RESTRUCTURING OF ITS OPERATIONS

 YAVNEH, Israel, Feb. 4 /PRNewswire/ -- Orbotech Ltd, (NASDAQ-NMS: ORBKF) today announced that the restructuring of its operations related to the merger of Optrotech Ltd. and Orbot Systems Ltd. to form Orbotech is nearing completion.
 Orbotech announced that in connection with the restructuring there will be a one-time charge for the fourth quarter of 1992 in an amount estimated at approximately US$17 million.
 Orbotech further announced that pursuant to the restructuring it has reduced manpower by approximately 25 percent worldwide and has consolidated its research and development operations in Israel and its marketing and service operations in the United States, Europe and the Far East. Additionally, Orbotech announced that it has repositioned its products while maintaining the intrinsic technologies of both of its predecessor companies and expects that this repositioning will enable improved operations at more efficient inventory levels. This repositioning resulted in a write-off of inventory which is included in the restructuring charge.
 Orbotech anticipates that the restructuring and consolidation of its operations will lead to reduced expenses in an amount estimated at approximately US$20 million per year. Following completion of the restructuring and consolidation, Orbotech believes that it will be in a position to return to profitability.
 Orbotech is a major supplier of automatic optical inspection equipment, computer-aided design, verification, engineering and tooling generation systems and laser plotting/scanning systems for application to the production of printed circuit boards. Orbotech also supplies laser imaging equipment for use in the graphic arts industry.
 -0- 2/4/93
 /CONTACT: Dan Falk, chief financial officer of Orbotech Ltd., in Israel: 011-972-8-433-522/
 (ORBKF)


CO: Orbotech Ltd. ST: IN: SU: RCN

TS-OS -- NY027 -- 2834 02/04/93 09:43 EST
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Date:Feb 4, 1993
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