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Orbotech Receives Major Order From Tyco Printed Circuit Group; Printed Circuit Board Manufacturing Equipment Order Totals $5.6M.


ORBOTECH, LTD. (NASDAQ/NM SYMBOL:ORBK) today announced that TYCO PRINTED CIRCUIT GROUP, a company of TYCO INTERNATIONAL LTD. (NYSE-TYC, LSE-TYI, BSX-TYC), has executed a master purchase agreement which includes approximately $5.6 million in value for Automated Optical Inspection ("AOI") and Laser Plotting equipment.

Mr. Steven Gardner, President of Tyco Printed Circuit Group, commented, "Through our multi-division operation, Tyco Printed Circuit Group offers a full range of products and services including sophisticated multi-layer circuit boards, quick-turn-around high tech boards, rigid flex circuitry, and volume production of mainstream circuit boards. To ensure company-wide success, it is critical for us to have strategic partnerships with key suppliers. With Orbotech's advanced systems and comprehensive customer support program, we have the flexibility and capabilities necessary to consistently meet our quality and time-to-market goals."

Mr. Rani Cohen, President and CEO of Orbotech, Inc. added, "We are pleased to continue being Tyco's long-term supplier. We believe these field-proven AOI and Laser Plotting systems combined with our support services will provide Tyco with a well-suited solution to achieve successful results with their diverse manufacturing processes and product offerings."

TYCO PRINTED CIRCUIT GROUP is a leading North American printed circuit board ("PCB") manufacturer and assembler comprised of seven PCB divisions and five assembly divisions. The Tyco Stafford Division (Stafford, CT) specializes in sophisticated multi-layer circuit boards up to 64 layers on panel sizes up to 24" x 42". The Tyco Manchester Division (Manchester, CT) specializes in the quick-turn-around of high technology printed circuit boards, medium-to-low volume of rigid flex boards and assemblies, and boards up to 28 layers on panel sizes up to 24" x 36". The Tyco Logan Division (Logan, UT) has a core business in the volume production of multi-layer printed circuit boards with prototyping and quick-turn services also available. The Tyco Los Angeles Division (Los Angeles, CA) provides quick turn-around service on complex, multi-layer PCBs with 24 hour turns on up to 12 layer PCBs available. The Tyco Santa Clara Division (Santa Clara, CA) also provides quick turn-around service for complex multi-layer PCBs. The Tyco Stockton Division (Stockton, CA) is a volume producer of multi-layer PCBs. The Tyco San Diego Division (San Diego, CA) provides quick turn-around through production on PCBs for microwave and RF applications.

TYCO INTERNATIONAL, LTD. (NYSE-TYC, LSE-TYI, BSX-TYC), a diversified manufacturing and service company, is the world's largest manufacturer, installer, and provider of fire protection systems and electronic security services, the largest manufacturer and servicer of electrical and electronic components and underwater telecommunications systems, the largest manufacturer of flow control valves, and has strong leadership positions in disposable medical products and plastics and adhesives. The Company operates in more than 80 countries around the world and has expected fiscal 1999 revenues in excess of $22 billion.

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, LTD. (NASDAQ: ORBK) is the world leader in the design, development, manufacture and marketing of automated optical inspection ("AOI") systems for use in the manufacture of PCBs and FPDs and is a leader in the design, development, manufacture and marketing of imaging solutions for PCB production and of AOI systems for use in the electronics assembly industry. In addition, the Company markets computer aided manufacturing ("CAM") solutions for PCB production and is continuing to develop its proprietary AOI technologies for use in other applications both within and outside the electronics industry.
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Publication:Business Wire
Geographic Code:1USA
Date:Sep 7, 1999
Previous Article:ATEC Group, Inc., Reports Fourth Quarter/Fiscal Year-End Results.

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