Camtek Receives Over $20 Million In Orders For Inspection & Metrology Systems From Several Manufacturers
MIGDAL HAEMEK, Israel, Nov. 13, 2020 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT); (TASE: CAMT), today announced that in the last ten days it received orders totaling over $20 million for the inspection and metrology of Advanced Packaging, Compound Semiconductors, CMOS Image Sensors and RF devices from several Semiconductors manufacturers.
The orders are expected to be delivered during the first half of 2021.
Rafi Amit, Chief Executive Officer, commented, "We continue to gain business momentum in the industry's fastest growing segments, including the Advanced Packaging, Compound Semiconductors, CMOS Image Sensors and RF devices (driven by 5G). These orders reinforce our outlook for the first half of 2021 which we provided with our third quarter results."
ABOUT CAMTEK LTD.
Camtek is a leading manufacturer of metrology and inspection equipment and a provider of software solutions serving the Advanced Packaging, Memory, CMOS Image Sensors, MEMS, RF and other segments in the mid end of the semiconductor industry.
Camtek provides dedicated solutions and crucial yield-enhancement data, enabling manufacturers to improve yield and drive down their production costs.
With eight offices around the world, Camtek has best-in-class sales and customer support organization, providing tailor-made solutions in line with customers' requirements.
This press release is available at www.camtek.com
This press release contains projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions that represent our views only as of the date they are made and may change as time passes. We do not assume any obligation to update that information, except as required by law. These forward-looking statements are subject to risks and uncertainties that may cause actual events or results to differ materially from those projected, including as a result of the effects of general economic conditions; the effect of the COVID-19 crisis on the global markets and on the markets in which we operate, including the risk of a continued disruption to our and our customers', providers', business partners and contractors' business as a result of the outbreak and effects of the COVID-19 pandemic; the risks relating to the concentration of a significant portion of Camtek's expected business in certain countries, particularly China, from which we expect to generate significant portion of our revenues for the coming few quarters, but also Taiwan and Korea, including the risks of deviations from our expectations regarding timing and size of orders from customers in these countries; 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 other risks identified in our Annual Report on Form 20-F and other documents filed by the Company with the SEC.
Although Camtek believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements, including Camtek's outlook for the first half of 2021 and orders expected to be delivered, will be achieved or will occur. Except as required by law, Camtek undertakes no obligation to update publicly any forward-looking statements for any reason after the date of this press release, to conform these statements to actual results or to changes in its expectations.
Moshe Eisenberg, CFO
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SOURCE Camtek Ltd