Orbotech to Support CEC Panda’s New Gen 8.5 Fab in a $55 Million Deal
2014年7月24日 - 8:55PM
ビジネスワイヤ(英語)
Orbotech Ltd. (NASDAQ: ORBK) Orbotech Ltd., a global
leader in advanced technology production solutions for flat panel
display (“FPD”) manufacturing, announced today that TFT LCD
panel maker Nanjing CEC Panda LCD Technology Co., Ltd. (a China
Electronics Corp. company) 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 (“AOI”) system - the industry’s first
system to offer 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.
Mr. Sun Xue Jun., Vice President at CEC Panda, stated: “Choosing
Orbotech as our testing and repair solutions technology provider
was simply the logical choice given the company’s unmatched
reputation and over 30 years experience developing the industry’s
leading technologies. Orbotech was able to meet the high demands
required of our advanced TFT applications.”
“Nanjing CEC Panda has selected Orbotech as its vendor-of-choice
and has opted for three of Orbotech’s most innovative products in
AOI, test and repair”, stated Gil Oron, Orbotech’s FPD Division
President. “Through intense development, these powerful new
products have been optimized to support the future requirements of
this rapidly evolving industry and should vastly improve yield
while reducing cost-of-ownership.” He added: “We are pleased to
have been chosen to play a key role in CEC Panda’s upcoming Gen 8.5
fab and look forward to continued strengthening of our partnership
in the years to come.”
About CEC Panda
Established in July 2012, Nanjing CEC Panda LCD Technology Co.,
Ltd, is setting up a G8.5 production line for CEC Panda at a total
investment value of RMB 29.15 billion. Of the registered capital of
RMB 17.5 billion, China Electronics Corporation (CEC) holds 38.082%
of its shares, while CEC Panda Group 17.143%, Nanjing New
Industrialization Investment (Group) Co., Ltd. 34.257%, Nanjing New
Port Development Corporation 2%, Sharp 7.718%, and AOC 0.8%,
together hold the remaining shares. The project was initiated in
July 2013. Following a construction period of 20 months and a ramp
up period of 9 months, output is expected to reach a production
capacity of 60,000 substrates (2200mm × 2500mm) per month, with
expansion potential of up to 75,000 substrates per month. The G8.5
production line incorporates some of the latest cutting-edge
technologies including metallic oxide TFT (IGZO) technology, 4K2K
(UHD) technology, touch screen technology, ultra narrow bezel
technology and more. Products being manufactured include panels and
modules for: 4.7”-7.0” ultra-high resolution smart phones,
7.0”~10.1” ultra-high resolution tablet PCs, 10.1”~15.6” high-end
laptops (all offering higher resolution than Full HD) and 32”~80”
UHD TV (with a resolution higher than QFHD).
About Orbotech
Orbotech Ltd. (NASDAQ: ORBK) has been at the cutting edge of the
electronics industry supply chain, as an innovator of enabling
technologies used in the manufacture of the world’s most
sophisticated consumer and industrial products, for over 30 years.
The Company is a leading provider of yield-enhancing and production
solutions, primarily for manufacturers of printed circuit boards,
flat panel displays and other electronic components. Today,
virtually every electronic device is produced using Orbotech
technology. The Company also applies its core expertise and
resources in other advanced technology areas, including character
recognition for check and forms processing and solar photovoltaic
manufacturing. Headquartered in Israel and operating from multiple
locations internationally, Orbotech’s highly talented and
inter-disciplinary professionals design, manufacture, sell and
service the Company’s end-to-end portfolio of solutions for the
benefit of customers the world over. For more information please
see the Company’s filings with the U.S. Securities and Exchange
Commission (the “SEC”) at www.sec.gov. and visit the
Company’s corporate website at www.orbotech.com. The corporate
website is not incorporated herein by reference and is included as
an inactive textual reference only.
Cautionary Statement Regarding
Forward-Looking Statements
Except for historical information, the matters discussed in this
press release are forward-looking statements within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995. These
statements relate to, among other things, future prospects,
developments and business strategies and involve certain risks and
uncertainties. The words “anticipate,” “believe,” “could,” “will,”
“plan,” “expect” and “would” and similar terms and phrases,
including references to assumptions, have been used in this press
release to identify forward-looking statements. These
forward-looking statements are made based on management’s
expectations and beliefs concerning future events affecting
Orbotech and SPTS Technologies Group Limited (“SPTS”) and
are subject to uncertainties and factors relating to Orbotech’s and
SPTS’s operations and business environment, all of which are
difficult to predict and many of which are beyond the Company’s
control. Many factors could cause the actual results to differ
materially from those projected including, without limitation, the
completion, timing, terms and anticipated benefits of the
previously-announced acquisition of SPTS and the related financing
transactions; the timing and impact of conversion of SPTS’s
financial statements from U.K. GAAP to U.S. GAAP and the Company’s
ability to switch SPTS to a U.S. GAAP reporting regime; Orbotech’s
ability to effectively integrate and operate SPTS’s business
following the acquisition, the timing, terms and success of any
other strategic or other transaction, cyclicality in the industries
in which the Company or SPTS operates, the Company’s and SPTS’s
production capacity, timing and occurrence of product acceptance
(the Company defines ‘bookings’ as purchase arrangements with
customers that are based on mutually agreed terms which, in some
cases, may still be subject to completion of written documentation
and may be changed or cancelled by the customer, often without
penalty), fluctuations in product mix, worldwide economic
conditions generally, especially in the industries in which the
Company or SPTS operate, the timing and strength of product and
service offerings by the Company, SPTS and each of their
competitors, changes in business or pricing strategies, changes in
the prevailing political and regulatory framework in which the
relevant parties operate or in economic or technological trends or
conditions, including currency fluctuations, inflation and consumer
confidence, on a global, regional or national basis, the level of
consumer demand for sophisticated devices such as smartphones,
tablets and other electronic devices, the final outcome and impact
of the criminal matter and ongoing investigation in Korea,
including its impact on existing or future business opportunities
in Korea and elsewhere, any civil actions related to the Korean
matter brought by third parties, including the Company’s customers,
which may result in monetary judgments or settlements, expenses
associated with the Korean matter and other risks detailed in the
Company’s SEC reports, including the Company’s Annual Report on
Form 20-F for the year ended December 31, 2013, and subsequent SEC
filings. The failure to complete the acquisition of SPTS could have
a materially adverse effect on Orbotech’s financial condition and
results and could negatively impact the Company’s share price. The
Company assumes no obligation to update the information in this
press release to reflect new information, future events or
otherwise, except as required by law.
COMPANY CONTACTS:Orbotech Ltd.Adrian Auman,
+972-8-942-3560Corporate Vice President Investor Relations and
Special ProjectsorAnn Michael, +972-8-942-3148Senior Corporate
Marketing Communications Manager
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