orbotech ltd (ORBK) Key Developments
Orbotech to Support CEC Panda's New Gen 8.5 Fab in a $55 Million Deal
Jul 24 14
Orbotech Ltd. announced that TFT LCD panel maker Nanjing CEC Panda LCD Technology Co. Ltd. has selected Orbotech as the inspection, testing and repair equipment vendor for its new Gen 8.5 fab in Nanjing, China. During the first and second quarters of 2014, Nanjing CEC Panda placed orders totaling approximately $55 million for Orbotech's newly introduced systems. Installation is expected to commence in the fourth quarter of 2014 and to continue throughout the first half of 2015. Orbotech was chosen for the high-performance capabilities of its recently launched inspection, repair and testing products, which are able to support the complex requirements of CEC Panda. In its new Gen 8.5 Fab, which is slated to be one of the most advanced in the world, CEC Panda has decided to install: The Orbotech QuantumTM automated optical inspection system - offers multi-modal detection capabilities for performing multiple inspections and detecting previously undetectable defects, enabling production of superior quality products at higher yields. Orbotech's Process Saver - with its highly specialized short pulse laser and FSM (fast steering mirror) technology, enables small devices to be repaired and restored to full functionality, thereby improving yield and minimizing product costs. The Array Checker 6088 - the latest model of Orbotech's leading array testing products, designed to support fabs that manufacture a wide range of products by offering a powerful combination of resolution and speed using a new large area VIOS (voltage imaging optical system) that contains a custom-designed high resolution sensor.
Orbotech Ltd. Reaffirms Preliminary Earnings Guidance for the Second Quarter Ended June 30, 2014
Jul 15 14
Orbotech Ltd. reaffirmed preliminary earnings guidance for the second quarter ended June 30, 2014. For the quarter, the company re-confirmed that it expects revenue to be between $110 million and $115 million.
Qdos Choose Orbotech Ltd.'s Paragon Ultralaser Direct Imaging System for New MIS Production
Jul 14 14
Orbotech Ltd. announced that Qdos (Malaysia) has purchased Orbotech’s Paragon™-Ultra laser direct imaging (LDI) system. Orbotech's field-proven Paragon™-Ultra LDI systems deliver the high imaging accuracy and yields to meet the increasing demands of the fast-growing QFN, FC and BGA packaging segment. Qdos chose Orbotech’s Paragon-Ultra LDI system in order to accomplish their objectives of achieving higher yields, enhanced productivity, faster TTM and increased flexibility in production of Molded Interconnect Substrates (MIS) technology. MIS is a new technology serving as an improved alternative to traditional lead frame and BGA substrates. The use of build-up technology offers a breakthrough from the conventional polymer core, enabling production of super-fine circuitry for enhanced performance applications, particularly those with 4G, low noise and high frequency requirements. Orbotech’s unique LSO Technology™ for LDI ensures the high level of imaging quality at super-fine resolutions for feature sizes down to 8µm and minimum pitch of 20µm, enabling cost-effective MIS production.
Orbotech Ltd. Announces Board Changes
Jun 10 14
Orbotech Ltd. announced that it's co-founder and chairman Yochai Richter may find himself out of a job in June 2014. The shareholders are due to elect four of Orbotech's ten directors, including Richter. The company has also re-nominated Siemens Israel managing director Eliezer Tokman, who has served as a director since 2007; and two external directors, Michael Anghel, a former executive at Discount Investment Corporation and Joseph Tenne, a former CFO at Ormat Industries Ltd.
Orbotech Ltd., Annual General Meeting, Jul 10, 2014
Jun 5 14
Orbotech Ltd., Annual General Meeting, Jul 10, 2014., at 10:00 Israel Standard Time. Location: 7 Sanhedrin Boulevard, North Industrial Zone. Agenda: To elect two class I directors to the board of directors; to elect two directors who will serve as ‘external directors’ and to approve the external directors’ remuneration and benefits; and to re-appoint the company’s auditors for the fiscal year ending December 31, 2014 and until the next annual general meeting of shareholders.