MIGDAL HAEMEK, Israel,
February 3, 2016 /PRNewswire/ --
Camtek Ltd. (Nasdaq: CAMT; TASE: CAMT)
reported today that the United
States Court of Appeals for the Federal Circuit entered its
judgment regarding Camtek's appeal in the patent infringement case
of Rudolph Technologies Inc. against Camtek regarding the Falcon
systems. The Court of Appeals reaffirmed the Minnesota Court's Ruling in Rudolph
Technologies' favor, and reinstated the damages originally awarded
which total, including interest, approximately $14.6 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. Camtek shall record a reserve for the awarded
amount in its financial statements for year 2015.
Rafi Amit, Camtek's CEO said, "We
are of course disappointed with this ruling, yet it is important to
stress that the injunction is granted in connection with the Falcon
systems, which have not been sold in the
United States for a number of years now, and does not limit
Camtek's ability to continue providing maintenance and repair
services for those Falcons previously sold. Therefore, the ruling
will have no effect whatsoever on the Camtek's revenues or business
in the U.S and of course in any other region," continued Mr. Amit.
"I expect Camtek will continue to be a global market leader,
bringing value to its shareholders and customers alike."
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 Relations
Ehud Helft
Tel: (US) +1-646-201-9246
camtek@gkir.com
SOURCE Camtek Ltd