Published On: Thu, Dec 11th, 2014

Orbotech LT Solar Makes $15 Million in New Sales

GAD ASHER ORBOTECH

 

Israel’s Orbotech Ltd. announced that its subsidiary Orbotech Lt Solar received purchase orders for its thin film deposition systems totaling approximately $15 million in value from one of its existing customers, a leading solar panel manufacturer. Deliveries of these systems are expected to take place during the first half of 2015.

Orbotech innovates enabling technologies used in the manufacture of sophisticated consumer and industrial products throughout the electronics and adjacent industries. The Company is a 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.

OLT Solar, located in the heart of Silicon Valley, has brought to market a new PECVD deposition system for the crystalline silicon solar cell manufacturing. The company boasts that by combining a novel concept and efficient design in its initial product, the Aurora PECVD, with Orbotech’s global infrastructure, OLT Solar is uniquely positioned to support the growth and success of the solar renewable energy industry.

In 2013, OLT Solar sold its thin film deposition systems to this customer for the purpose of qualifying them for future orders. The customer’s satisfaction with the performance of this system has now resulted in the selection of OLT Solar to provide multiple systems for its new facility, which is scheduled to begin operations in 2015.

Dr. Kam Law, Chief Executive Officer of OLT Solar, stated, “We are very pleased that our cost-effective and highly reliable Aurora PECVD® thin film deposition system has been selected for follow on orders of such magnitude by this Tier 1 manufacturer. The production of high-efficiency solar cells requires superior thin film quality and uniformity as well as accurate and repeatable process conditions. Our Aurora PECVD® offers the flexibility to operate in diverse process conditions, as well as greater control over the different variables, making it extremely well suited for advanced cell fabrications.”

“These substantial follow on orders bear out OLT Solar’s position as an increasingly important supplier to the solar energy industry; and we look forward to capitalizing on the current trend of growth and development throughout the industry, ” added Mr. Asher Levy, Chief Executive Officer of Orbotech Ltd.

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