ORBK Orbotech Ltd. - Ordinary Shares

ORBOTECH LTD. (NASDAQ/NM SYMBOL: ORBK) today announced that pursuant to approval granted by its Board of Directors it proposes to undertake the repurchase of up to 1.7 million of its Ordinary Shares. Such purchases would be subject, among other things, to the share price and market conditions and will be made in accordance with all applicable laws and regulations. Commenting on the announcement, Rani Cohen, Chief Executive Officer, said: �Today�s decision by the Board to approve a share repurchase program reflects its confidence in Orbotech and its endorsement of the Company�s forward-looking strategy, while leaving us with a strong balance sheet required for the implementation of that strategy.� About Orbotech Ltd. Orbotech is a world leader in providing yield-enhancing, production support solutions for specialized applications in the supply chain of the electronics industry, principally for printed circuit boards (PCBs) and flat panel displays (FPDs). The Company designs, develops, manufactures, markets and services automated optical inspection (AOI) systems for bare and assembled PCBs and for FPDs, and imaging solutions for PCB production. The Company�s innovative AOI, imaging and computer-aided manufacturing (CAM) technologies enable customers to achieve the increased yields and throughput essential to remaining at the forefront of electronics production. Through its subsidiary, Orbograph Ltd., the Company also develops and markets automatic check reading software to banks and other financial institutions. Of Orbotech�s employees, more than one quarter are scientists and engineers, who integrate their multi-disciplinary knowledge, talents and skills to develop and provide sophisticated solutions and technologies designed to meet customers� long-term needs. Orbotech maintains its headquarters and its primary research, development and manufacturing facilities in Israel, and more than 35 offices worldwide. The Company�s extensive network of marketing, sales and customer support teams throughout North America, Europe, the Pacific Rim, China and Japan deliver its knowledge and expertise directly to customers the world over. For more information visit www.orbotech.com. ORBOTECH LTD. (NASDAQ/NM SYMBOL: ORBK) today announced that pursuant to approval granted by its Board of Directors it proposes to undertake the repurchase of up to 1.7 million of its Ordinary Shares. Such purchases would be subject, among other things, to the share price and market conditions and will be made in accordance with all applicable laws and regulations. Commenting on the announcement, Rani Cohen, Chief Executive Officer, said: "Today's decision by the Board to approve a share repurchase program reflects its confidence in Orbotech and its endorsement of the Company's forward-looking strategy, while leaving us with a strong balance sheet required for the implementation of that strategy." About Orbotech Ltd. Orbotech is a world leader in providing yield-enhancing, production support solutions for specialized applications in the supply chain of the electronics industry, principally for printed circuit boards (PCBs) and flat panel displays (FPDs). The Company designs, develops, manufactures, markets and services automated optical inspection (AOI) systems for bare and assembled PCBs and for FPDs, and imaging solutions for PCB production. The Company's innovative AOI, imaging and computer-aided manufacturing (CAM) technologies enable customers to achieve the increased yields and throughput essential to remaining at the forefront of electronics production. Through its subsidiary, Orbograph Ltd., the Company also develops and markets automatic check reading software to banks and other financial institutions. Of Orbotech's employees, more than one quarter are scientists and engineers, who integrate their multi-disciplinary knowledge, talents and skills to develop and provide sophisticated solutions and technologies designed to meet customers' long-term needs. Orbotech maintains its headquarters and its primary research, development and manufacturing facilities in Israel, and more than 35 offices worldwide. The Company's extensive network of marketing, sales and customer support teams throughout North America, Europe, the Pacific Rim, China and Japan deliver its knowledge and expertise directly to customers the world over. For more information visit www.orbotech.com.