CAMTEK RECEIVES $9 MILLION ORDER FROM A LEADING OSAT FOR THE INSPECTION OF ADVANCED INTERCONNECT PACKAGING
These systems are expected to be delivered during the second quarter of 2021
MIGDAL HAEMEK, Israel – December 7, 2020– Camtek Ltd. (NASDAQ: CAMT; TASE: CAMT), today announced that it received an order totaling $9 million for the inspection of Advance Interconnect Packaging from a leading OSAT.
The systems are expected to be delivered during the second quarter of 2021.
Rafi Amit, Chief Executive Officer, commented, “Advanced Interconnect Packaging enables applications that require high performance, low power consumption and improved dimensions (such as 5G, processors and memory devices). Camtek’s inspection systems support the manufacture of Advanced Interconnect Packaging by providing our customers with high throughput, superior detectability and excellent return on investment (ROI). I am happy to continue delivering best-in-class inspection and metrology solutions to the industry’s leading OSATs.
This order is another vote of confidence in our systems, which have become the industry standard for the inspection and metrology of Advanced Interconnect Packaging.”
This press release contains statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Camtek Ltd. ("we," "us" and "our"). Forward-looking statements can be identified by the use of words including "believe," "anticipate," "should," "intend," "plan," "will," "may," "expect," "estimate," "project," "positioned," "strategy," and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Camtek to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Our actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including as a result of the effect of the COVID-19 crisis on the global markets and on the markets in which we operate, including the risk of the continuation of disruptions to our and our customers', providers', business partners and contractors' businesses as a result of the COVID-19 pandemic; our dependency upon the semiconductor industry and the risk that unfavorable economic conditions or low capital expenditures may negatively impact our operating results; the highly competitive nature of the markets we serve, some of which have dominant market participants with greater resources than us; the rapid evolvement of technology in the markets in which we operate, and our ability to adequately predict these changes or keep pace with emerging industry standards; the risks relating to the concentration of a significant portion of our business in certain countries in the Asia Pacific Region, particularly China, Taiwan and Korea; changing industry and market trends; reduced demand for our products; the timely development of our new products and their adoption by the market; increased competition in the industry; price reductions; and those other factors discussed in our Annual Report on Form 20-F and other documents filed by the Company with the SEC as well as other documents that may be subsequently filed by Camtek from time to time with the SEC.
While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Camtek's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Camtek does not assume any obligation to update any forward-looking statements unless required by law.
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