ORBK Orbotech Ltd. - Ordinary Shares

VECTORsgi, a Metavante company and leading provider of financial transaction applications, and Orbograph, the leading supplier of recognition technology for check imaging, today announced that VECTOR:IQA(TM) (Image Quality Analysis) has been improved with Orbograph's new Version 6.3. The company will showcase this upgrade, which further enhances financial institutions' ability to ensure the quality of images being exchanged, at the 10th Annual CheckImage Conference. VECTOR:IQA has been selected by nearly 60 percent of the large banks that have purchased image quality and usability analysis (IQUA) solutions, according to VECTORsgi and Orbograph experts. The product now leverages Version 6.3's performance improvements with enhanced quality detectors. Quality tests show up to 100 percent performance improvements with the new optimized algorithms. These streamlined processes can significantly reduce a financial institution's hardware requirements. Additionally, greater functionality was added for usability testing with both field presence and field readability logic now available. "The industry is experiencing rapid growth in image exchange and the distributed capture of check images. Banks are realizing that they need to take a proactive approach to ensure image quality and usability," said Sydney Smith Hicks, president of VECTORsgi. "VECTORsgi's alliance with Orbograph provides our customers with quality assurance they can trust. Orbograph has demonstrated its commitment to excellence and continues to define new standards for image quality." Orbograph worked closely with industry leaders and the Financial Services Technology Consortium (FSTC) to define industry requirements. It has conducted testing across multiple bank groups in conjunction with the FSTC to define the fields and analyze the content most applicable to financial institutions of all sizes. Orbograph developed Version 6.3 based on these tests and requirements: the technology's image quality and usability algorithms meet the needs of both retail and commercial check imaging. "Orbograph's Version 6.3, integrated into VECTORsgi's solution provides the breadth and depth of functionality and reliability that our customers have grown to expect," said Joseph Gregory, vice president of strategic sales at Orbograph. "Both companies are dedicated to providing superior image quality in order to protect depository and paying banks from the long range cost impacts that can result from poor image quality. Benefits such as these have earned VECTORsgi more image quality analysis customers than all of its competition combined." About Orbograph Orbograph, a subsidiary of Orbotech (Nasdaq:ORBK), is the leading developer of recognition solutions for the U.S. check processing market. Our technologies are in use at hundreds of banks and financial institutions across North America, processing millions of items each day. Through our recognition solutions, Business Process Outsourcing technologies, image quality assurance applications and data collection/data mining tools, we enable customers to reduce costs, improve operational efficiencies and achieve rapid ROI. www.orbograph.com About Metavante Metavante Corporation is a leading provider of image-based check processing and distributed image-capture solutions through its companies, which include VECTORsgi, Advanced Financial Solutions (AFS) and The Endpoint Exchange Network. The Endpoint Exchange Network enables U.S. financial institutions to clear their check-based transactions by allowing for the exchange of check images between member institutions. Metavante delivers banking and payment technologies to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer health care payments and electronic presentment and payment. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation. About VECTORsgi VECTORsgi, a Metavante company, is a leading provider of innovative financial transaction processing solutions including distributed capture, image processing and exchange, dispute resolution and e-commerce solutions for financial institutions and corporations. Its products have been licensed more than 2,900 times by corporations and financial institutions ranging in size from community banks to top ten financial institutions to international banking organizations. VECTORsgi is recognized by the American Banker and the research firm Financial Insights in the FinTech 100, an international annual listing of the top technology providers for financial institutions. The Addison, Texas-based company, founded in 1976, provides innovative solutions not only to help financial institutions and corporations streamline their payment systems and operations, but also to leverage their image processing investment and maximize the benefits of check truncation. VECTORsgi also helps financial institutions enhance profitability by offering consulting services that provide management consulting and business practice improvement. For more information about the company, visit www.VECTORsgi.com. Editor's note: The correct usage of the VECTORsgi name is "VECTOR" in upper case with "sgi" in lower case.