MIGDAL HAEMEK, Israel,
February 2, 2015 /PRNewswire/ --
Camtek Ltd. (NASDAQ: CAMT and TASE:
CAMT), today announced that it has received a conditional purchase
order from Bay Area Circuits Inc. for a Gryphon system. The
purchase order will become firm upon successful completion of an
evaluation process. This is a milestone event, marking the first
customer purchase order for the Gryphon following the successful
conclusion of the beta-testing phase of the system.
Gryphon provides a one-stop-shop process designed to replace the
traditional solder mask and legend deposition process in the
manufacture of Printed Circuit Boards (PCB). Gryphon enhances
production, while significantly improving the reliability and yield
of the process.
The Gryphon system has been installed in the customer's facility
in California and is now working
in a production environment. Bay Area Circuits is using the Gryphon
primarily for the direct deposition of the solder mask following
the manufacture of the circuit boards.
Rafi Amit, Chairman and CEO of
Camtek commented: "This is an important commercial achievement
for Gryphon, marking our first customer order and installation. Bay
Area Circuits is an innovative company, constantly looking to
improve its manufacturing processes and service to its customers,
and this order is a vote of confidence in the commercial viability
of our solution. The commencement of customer installations
demonstrates that the Gryphon is starting to achieve market
recognition and we look forward to further installations at
additional customers in the coming months."
Dr. Boaz Nitzan, Vice
President of Camtek's Functional Inkjet Technologies
(FIT) Division added: "Gryphon's technological breakthrough
provides advanced alignment, short cycle time, significantly
improved yield and an environmentally friendly process. FIT,
Camtek's proprietary Functional Inkjet Technology, brings an
innovative process that promotes the digitalization of PCB
manufacturing thus addressing the most demanding standards of the
PCB industry."
Stephen Garcia, President of
Bay Area Circuits commented: "We see the
Gryphon as a ground breaking improvement to the PCB manufacturing
process. We have been impressed with the results from our early
tests and we now have the system working on the production floor.
We are expecting to see a high return on investment through reduced
manufacturing time, reduced manpower, zero waste and increased
accuracy. More importantly, we believe that the digital 3D printing
of solder masks on PCBs will also enable us to offer a higher
quality end-product for our customers."
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
About Bay Area Circuits Inc.
Founded in 1975 by the late Lawrence
Nobriga, Silicon Valley-based Bay Area Circuits has been
serving the PCB manufacturing needs of high-tech electronics
manufacturers, contract assemblers and design engineers for nearly
40 years. A focus on quick-turn prototyping and production
leveraging innovative and high quality designs has made Bay Area
Circuits the manufacturer of choice for customers around the
world.
Bay Area Circuit's website is at
http://www.bayareacircuits.com
This press release may contain projections or other
forward-looking statements regarding future events or the future
performance of the Company. These statements 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, intellectual
property litigation, price reductions as well as due to risks
identified in the documents filed by the Company with the
SEC.
Camtek Ltd.
Moshe Eisenberg, CFO
Tel: +972-4-604-8308
Mobile: +972-54-900-7100
moshee@camtek.co.il
International Investor Relations
GK Investor Relations
Ehud Helft
Tel: (US) +1-646-201-9246
camtek@gkir.com
SOURCE Camtek Ltd