MIGDAL HA'EMEK, Israel,
November 25, 2014 /PRNewswire/ --
Camtek Ltd. (Nasdaq: CAMT ; TASE: CAMT) announced today
that its 3D Functional InkJet Technology system for PCB solder mask
applications, known as Gryphon, successfully completed a beta
testing phase at Eltek Ltd.'s (Nasdaq: ELTK) site in
Israel. The application system and
solder mask material performed according to specification and met
its quality and process requirements.
Rafi
Amit, Chairman and CEO of Camtek
commented, "This is an important milestone for Camtek and I am
very happy with the results from the successful conclusion of our
beta-test with Eltek. Eltek has been a close working partner
of Camtek's for many years and is one of the leaders at the
high-end of PCB manufacture with stringent technical requirements,
which Gryphon surpassed. I would like to thank the talented
team at Eltek for their hard work and help in this endeavor."
Mr. Amit, continued. "The successful ending
of the beta testing phase at Eltek is a very important achievement
and we are now well on the way towards the commercialization of
Gryphon. While we have another Gryphon system in a beta-test still
on-going - we expect to begin shipments to customers in the near
future and we look forward to working with them to significantly
improve their PCB workflow. As part of our marketing efforts, we
recently opened a demo center in Orange
County, California, enabling potential customers to see the
Gryphon in operation. We see very strong potential with this new
product and expect to begin recognizing revenues during 2015."
Roberto
Tulman, Deputy CEO and
CTO of Eltek commented, "We thank
Camtek and its dedicated team for the opportunity to test and use
this new technology, helping us fabricate PCBs with better
soldermask registration and shorter lead times. Operator training
has already begun and we look forward to incorporating this new
capability within our production process and realizing its full
potential."
ABOUT ELTEK LTD. Eltek is one of Israel's leading manufacturer of printed
circuit boards, the core circuitry of most electronic devices. It
specializes in the complex high-end of PCB manufacturing, i.e.,
HDI, multilayered and flex-rigid boards. Eltek's technologically
advanced circuitry solutions are used in today's increasingly
sophisticated and compact electronic products. For more
information, visit Eltek's web site at
http://www.eltekglobal.com.
ABOUT CAMTEK LTD.
Camtek Ltd. provides automated and technologically advanced
solutions dedicated to enhancing production processes, increasing
products yield and reliability, enabling and supporting customer's
latest technologies in the Semiconductors, Printed Circuit Boards
(PCB) and IC Substrates industries. Camtek addresses the specific
needs of these interconnected industries with dedicated solutions
based on a wide and advanced platform of technologies including
intelligent imaging, image processing and functional 3D inkjet
printing.
This press release is available
at http://www.camtek.co.il.
Safe Harbor with Regard to Forward Looking Statement:
Certain matters discussed in this news release are
forward-looking statements that involve a number of risks and
uncertainties including, but not limited to statements regarding
expected results in future quarters, risks in product and
technology development and rapid technological change, product
demand, the impact of competitive products and pricing, market
acceptance, the sales cycle, changing economic conditions and other
risk factors detailed in the Company's Annual Report on Form 20-F
and other filings with the United States Securities and Exchange
Commission.
CAMTEK LTD.
Moshe Eisenberg, CFO
Tel: +972-4-604-8308
Mobile: +972-54-900-7100
moshee@camtek.co.il
INTERNATIONAL INVESTOR RELATIONS
GK Investor & Public Relations
Ehud Helft / Kenny Green
Tel: (US) +1-646-201-9246
camtek@gkir.com
SOURCE Camtek Ltd