CAMTEK ANNOUNCES ACQUISITION OF PRINTAR LTD.
MIGDAL HAEMEK, Israel – May 18, 2009 – Camtek Ltd. (NASDAQ and TASE: CAMT), today announced the acquisition of assets of
Printar Ltd., an Israeli company.
Printar Ltd. is engaged in developing, manufacturing, sale and marketing of direct digital material deposition systems and
inks for the Printed Circuit Board (“PCB”) industry, with two major fields of activity: Solder Mask, an epoxy layer
selectively covering the PCB, while leaving the connecting pads uncovered (“SM”) and Legend, applying the identification
nomenclature on the PCB, commonly used in the PCB industry (“Legend”). Printar introduced its first Legend system six years
ago and maintains an install base of more than 45 Legend systems.
Printar’s technology provides a higher performances, one-step, environment-friendly and relatively low-cost process, in
comparison with traditional processes. The technology can also be applicable in the future to various other applications in
the field of electronic manufacturing.
Camtek will purchase from Printar all of Printar’s assets, knowledge, technology and IP rights related to the acquired
In consideration for the purchase, Camtek will pay Printar a total sum of up to $2,500,000; an initial payment of $500,000
and an additional total amount of $2,000,000, subject to certain agreed conditions, and provided that such amount, if due,
shall be paid no later than May 2011.
"We expect that the acquisition of Printar’s assets will enable Camtek to offer its customers in the PCB industry with a
broader range of products, while relying on existing operational, R&D and sales and marketing infrastructure", said Rafi Amit, Camtek’s CEO.
“PCB manufacturers are constantly seeking to adopt new technologies that can improve performances in the manufacturing
process, while reducing cycle times and saving costs. We believe that Printar’s innovative digital technology meets these
requirements and will enable Camtek to lead the market of digital material deposition", added Mr. Amit. "We intend to
continue to provide services to Printar’s current customers by leveraging our well-established customer support, service and
sales infrastructure and to launch a new SM system, based on the acquired technology, later this year".
ABOUT CAMTEK LTD.
With headquarters in Migdal Ha’Emek Israel, Camtek Ltd., designs, develops, manufactures, and markets automatic optical
inspection systems and related products. Camtek’s automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry.’
This press release is available at www.camtek.co.il.
Mira Rosenzweig, CFO
Fax: +972-4-604 8300
GK International IR
Ehud Helft / Kenny Green
Tel: (US) 1 646 201 9246
This press release may contain projections or other forward-looking [state]ments regarding future events or the future
performance of the Company. These [state]ments are only predictions and may change as time passes. We do not assume any
obligation to update that information. Actual events or results may differ materially from those projected, including as a
result of 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 as well as due to risks identified
in the documents filed by the Company with the SEC.