| ORBOTECH LTD. (NASDAQ: ORBK) today announced that SPTS Technologies, an Orbotech company and supplier of advanced wafer processing solutions for the global semiconductor and related industries is named as one of the 2015 10 BEST Suppliers of Chip Making Equipment by VLSIresearch in the Focused Suppliers segment.
“Establishing close relationships with our customers and consistently delivering on commitments are paramount in an industry where we’re continually pushing the boundaries of process technologies,” stated Kevin Crofton, President of SPTS Technologies and Corporate Vice President at Orbotech. “Achieving extraordinary customer satisfaction is the number one goal of everyone at SPTS. To be recognized as one of the 10 BEST suppliers by our customers is a real testament to the performance of our etch, deposition and thermal solutions and the exceptional support delivered by our global team.”
The survey, which is based on actual feedback from leading IC manufacturers worldwide, received feedback on 3,842 equipment suppliers who were rated among fifteen categories based on three key factors: supplier performance, customer service, and product performance. The 10 BEST Chip Making Equipment Supplier awards recognizes each supplier as a whole, regardless of product type, then categorizes as either Large or Focused based on average revenues across all its markets. The survey named SPTS a 10 BEST Supplier in the Focused segment, and further awarded SPTS a THE BEST Supplier in the Fab Equipment category.
G. Dan Hutcheson, CEO and Chairman of VLSIresearch Inc., commented, “SPTS received top marks from its customers, with their highest ratings in the categories of Field Engineering Support, Recommend Supplier, and Partnering. SPTS exemplifies the characteristics customers require from their suppliers, and their impressive commitment to customers is reflected in their ‘BEST’ supplier rankings.”
Crofton added, “We are extremely proud to have received such outstanding ratings from our customers, which has ranked us among the 10 BEST suppliers out of the 3,842 companies rated in the survey. We have an ongoing program of obtaining customer feedback and monitoring our own customer satisfaction scores. However, the VLSIresearch survey is an industry-wide publicly available opportunity for customers to provide feedback, which makes this recognition even more important and rewarding. We are grateful to our customers for publicly making us a 2015 10 BEST supplier.”
VLSIresearch is a provider of market research and economic analysis on the technical, business, and economic aspects within semiconductor, nanotechnology, and related industries. VLSIresearch provides intelligence for faster and better decision making in the areas of semiconductors, photovoltaics, LEDs, manufacturing, materials, and critical subsystems. VLSIresearch was founded in 1976.
About Orbotech Ltd.
Orbotech Ltd. (NASDAQ:ORBK) is a global innovator of enabling technologies used in the manufacture of the world’s most sophisticated consumer and industrial products throughout the electronics and adjacent industries. The Company is a leading provider of yield enhancement and production solutions for electronics reading, writing and connecting, used by manufacturers of printed circuit boards, flat panel displays, advanced packaging, micro-electro-mechanical systems and other electronic components. Today, virtually every electronic device in the world is produced using Orbotech systems. For more information, visit http://www.orbotech.com/.
About SPTS Technologies
SPTS Technologies, an Orbotech company, designs, manufactures, sells, and supports etch, PVD, CVD and thermal wafer processing solutions for the MEMS, advanced packaging, LEDs, high speed RF on GaAs, and power management device markets. With manufacturing facilities in Newport, Wales, Allentown, Pennsylvania, and San Jose, California, the company operates across 19 countries in Europe, North America and Asia-Pacific. For more information about SPTS Technologies, please visit www.spts.com
Cautionary Statement Regarding Forward-Looking Statements
Except for historical information, the matters discussed in this press release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, future prospects, developments and business strategies and involve certain risks and uncertainties. The words "anticipate," "believe," "could," "will," "plan," "expect" and "would" and similar terms and phrases, including references to assumptions, have been used in this press release to identify forward-looking statements. These forward-looking statements are made based on management's expectations and beliefs concerning future events affecting Orbotech and are subject to uncertainties and factors relating to Orbotech's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control. Many factors could cause the actual results to differ materially from those projected including, without limitation, timing and extent of achieving the anticipated benefits of the acquisition of SPTS; Orbotech's ability to effectively integrate and operate SPTS's business, the timing, terms and success of any strategic or other transaction, cyclicality in the industries in which the Company operates, the Company's production capacity, timing and occurrence of product acceptance (the Company defines 'bookings' and 'backlog' as purchase arrangements with customers that are based on mutually agreed terms, which, in some cases for bookings and backlog, may still be subject to completion of written documentation and may be changed or cancelled by the customer, often without penalty), fluctuations in product mix, worldwide economic conditions generally, especially in the industries in which the Company operates, the timing and strength of product and service offerings by the Company and each of its competitors, changes in business or pricing strategies, changes in the prevailing political and regulatory framework in which the relevant parties operate or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis, the level of consumer demand for sophisticated devices such as smartphones, tablets and other electronic devices, the timing for a verdict in the ongoing appeal of the criminal matter and ongoing investigation in Korea, the final outcome and impact of this matter, including its impact on existing or future business opportunities in Korea and elsewhere, any civil actions related to the Korean matter brought by third parties, including the Company's customers, which may result in monetary judgments or settlements, expenses associated with the Korean matter, ongoing or increased hostilities in Israel and other risks detailed in the Company's SEC reports, including the Company's Annual Report on Form 20-F for the year ended December 31, 2014, and subsequent SEC filings. The Company assumes no obligation to update the information in this press release to reflect new information, future events or otherwise, except as required by law.
Corporate Marketing Director
Tel: +44 7951 203278
Director of Investor Relations
Senior Corporate Marketing Communications Manager