Orbotech Ltd. offers yield-enhancing and process-enabling solutions to address various manufacturing stages of printed circuit boards (PCBs), flat panel displays (FPDs), semiconductor devices (SDs) and other electronic components worldwide. The company has built its global installed base of systems at customers that include major PCB manufacturers, as well as all FPD manufacturers and multiple customers at independent semiconductor and microelectronic device manufacturers, foundries and outsourced semiconductor assembly and test (OSAT) manufacturers. As of December 31, 2015, the company had three segments: Production Solutions for the Electronics Industry; Solar Energy; and Recognition Software. The company’s products include automated optical inspection (AOI), automated optical repair (AOR), DI, digital printing, laser drilling, laser plotters, computer-aided manufacturing (CAM) and engineering solutions for PCB and additional adjacent electronics component manufacturing, as well as AOI, test, repair and process monitoring systems for FPD manufacturing and Etch, physical vapor deposition (PVD) and chemical vapor deposition (CVD) solutions for SD manufacturing. The company also develops and markets products for the deposition of thin film coating on crystalline silicon photovoltaic wafers for solar energy panels. In addition, it develops and markets character recognition solutions and services, primarily to banks, financial and other payment processing institutions, for use in check and healthcare payment processing. The company sells its solutions to PCB manufacturers worldwide. As of December 31, 2015, the company had an installed base of approximately 12,800 PCB systems. The company’s FPD manufacturing customers include the major display manufacturers. As of December 31, 2015, it had an installed base of approximately 1,700 FPD systems. The company’s SD customers include SD manufacturers, foundries and OSAT providers, as of December 31, 2015, it had an installed base of approximately 2,300 SD systems. In addition, customers might purchase upgrades and/or refurbishment services from the company. Applications and Products The company designs, develops, manufactures, and sells DI, AOI, repair, imaging, laser drilling, and pre-production products for use in the manufacture of PCBs and adjacent electronic components manufacturing; AOI, test, repair and yield management systems for use in the manufacture of FPDs, etch, PVD, and CVD solutions for SDs; products for the deposition of anti-reflective coating on crystalline silicon photovoltaic wafers for solar energy panels and automatic check reading; and healthcare payments processing products enabled through recognition software. The company also markets CAM and engineering solutions for PCB production. PCB Applications and Products The company’s PCB-AOI products are of particular value to manufacturers of fine-line, advanced PCBs, and multilayered PCBs. The company’s PCB-AOR products are capable of repairing PCBs by removing excess copper from places that cannot be accessed by the use of a scalpel or other manual instrument, such as shorts on materials that are thin to be treated by scalpel repair or in spaces between lines that are invisible to the human eye. PCB-AOI PCB-AOI systems are computerized, electro-optical systems for inspection and identification of defects in the artwork design master, production phototools and PCBs at various stages of production. The company’s PCB-AOI systems are designed for integration into the production processes of various PCB manufacturing facilities. The company’s PCB-AOI offering includes the Fusion series and the Discovery II series of AOI systems. The Fusion could handle resolutions down to 5 microns (Ultra Fusion 600 model) and provides improved detection on semi transparent and multi-colored substrates. AOR Systems and Verification and Repair Stations AOR systems are designed to address certain limitations inherent in the manual repair of PCBs, by enabling the automatic repair of defects known as ‘shorts’ and ‘excess copper’, thereby minimizing the scrapping of unusable panels during the manufactu
orbotech ltd (ORBK:NASDAQ GS)
7 Sanhedrin Boulevard
North Industrial Zone
Phone: 972 8 942 3533
Fax: 972 8 943 8769www.orbotech.com
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