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Orbotech wins $55 million Chinese order

Orbotech will provide equipment for Nanjing CEC Panda’s fab.

 

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Flat panel display solutions company Orbotech Ltd. (Nasdaq: ORBK) announced today that TFT LCD panel maker Nanjing CEC Panda LCD Technology Co., Ltd. (a China Electronics Corp. company) has selected Orbotech as the inspection, testing and repair equipment vendor for its new Gen 8.5 fab in Nanjing, China. During the first and second quarters of 2014, Nanjing CEC Panda placed orders for $55 million for Orbotech’s systems. Installation will start in the fourth quarter of 2014 and to continue through the first half of 2015.

“Nanjing CEC Panda has selected Orbotech as its vendor-of-choice and has opted for three of Orbotech’s most innovative products in AOI, test and repair”, said Orbotech FPD Division President Gil Oron. “Through intense development, these powerful new products have been optimized to support the future requirements of this rapidly evolving industry and should vastly improve yield while reducing cost-of-ownership.”

Orbotech was chosen for the high-performance capabilities of its recently launched inspection, repair and testing products, which are able to support the complex requirements of CEC Panda. In its new Gen 8.5 fab, which is slated to be one of the most advanced in the world, CEC Panda has decided to install:Mr. Sun Xue Jun., Vice President at CEC Panda, stated: “ Orbotech was able to meet the high demands required of our advanced TFT applications.”

“Nanjing CEC Panda has selected Orbotech as its vendor-of-choice and has opted for three of Orbotech’s most innovative products in AOI, test and repair”, stated Gil Oron, Orbotech’s FPD Division President. “Through intense development, these powerful new products have been optimized to support the future requirements of this rapidly evolving industry and should vastly improve yield while reducing cost-of-ownership.” He added: “We are pleased to have been chosen to play a key role in CEC Panda’s upcoming Gen 8.5 fab and look forward to continued strengthening of our partnership in the years to come.”

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