Camtek Plans to Aggressively Pursue an Appeal in Litigation Case
Camtek Won on the Contempt Allegations
MIGDAL HAEMEK, Israel – February 10, 2015 – Camtek Ltd. (Nasdaq: CAMT; TASE: CAMT) reported today that the Minnesota Court ruled in favor of Rudolph Technologies, Inc. in its long-time patent infringement case against Camtek. The Court reinstated the damages originally awarded, which total, including interest, approximately $14.5 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. However, the court also accepted Camtek's position and will accordingly vacate the contempt order and sanctions award, in the amount of approximately $650k.
Rafi Amit, Camtek’s CEO said, “Although we are disappointed with this latest ruling in the case, we view it as merely another step in this legal process which has been ongoing for a very long time now. We aim to continue to aggressively defend Camtek’s rights and believe that we will be successful in the court of appeal in Washington D.C. and once again overcome the Minnesota district court's judgment, which we feel is incorrect.”
“As we clarified in our announcement yesterday, the Falcon systems have not been sold in the U.S. for a number of years now and therefore any limitations on the sale of such systems in the U.S. will have no effect whatsoever on the Company's revenues, ” continued Mr. Amit. “I expect Camtek will continue to be a market leader, bringing value to its shareholders and customers alike."