Orbotech wins $40m Chinese flat panel display equipment deals

The company will deliver most of the equipment in 2013 to one of the largest liquid crystal display panel manufacturers in China.

17 January 13 12:22, Globes correspondent

Orbotech Ltd. (Nasdaq: ORBK) today announced that it has won significant orders for flat panel display-related equipment, worth about $40 million. The company said that the deal is from one of the largest liquid crystal display panel manufacturers in China. Orbotech said that most of the equipment is due to be this year.

The systems, which include several of Orbotech’s latest generation automated optical inspection and array tester models, will be utilized in the fabrication of mobile devices and large screen televisions.

Orbotech FPD division president Gil Oron said, “These important bids represent a significant investment by a major customer in the latest generation Orbotech equipment for its new and upgraded fabrication lines, in response to anticipated increased demand in this part of the industry."

Published by Globes [online], Israel business news - www.globes-online.com - on January 17, 2013

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