CAMTEK ANNOUNCES FINAL RULING IN PATENT LITIGATION CASE
MIGDAL HAEMEK, Israel – February 3, 2016 – Camtek Ltd. (Nasdaq: CAMT; TASE: CAMT) reported today that the United States Court of Appeals for the Federal Circuit entered its judgment regarding Camtek's appeal in the patent infringement case of Rudolph Technologies Inc. against Camtek regarding the Falcon systems. The Court of Appeals reaffirmed the Minnesota Court's Ruling in Rudolph Technologies' favor, and reinstated the damages originally awarded which total, including interest, approximately $14.6 million, as well as the injunction in connection with sales of the Falcon systems in the United States until the expiration of plaintiff’s patent. Camtek shall record a reserve for the awarded amount in its financial statements for year 2015.
Rafi Amit, Camtek’s CEO said, "we are of course disappointed with this ruling, yet it is important to stress that the injunction is granted in connection with the Falcon systems, which have not been sold in the United States for a number of years now, and does not limit Camtek's ability to continue providing maintenance and repair services for those Falcons previously sold. Therefore, the ruling will have no effect whatsoever on the Camtek's revenues or business in the U.S and of course in any other region.” continued Mr. Amit. "I expect Camtek will continue to be a global market leader, bringing value to its shareholders and customers alike."
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