Camtek Receives Orders Totaling $15 Million for Front-end Macro Inspection From Two Large Manufacturers
Camtek Ltd. (NASDAQ: CAMT) announced orders totaling $15 million for their Eagle model systems, focusing on front-end macro inspection applications from two major manufacturers. These installations are planned for the fourth quarter of 2020 and the first quarter of 2021. CEO Rafi Amit highlighted a continuous demand for Camtek's equipment, emphasizing its strong 2D detection capabilities and high productivity. The company aims to expand its presence in this market, indicating significant business opportunities ahead.
- Received orders worth $15 million for front-end macro inspection systems.
- High demand for equipment indicates strong market position.
- Orders to be installed in Q4 2020 and Q1 2021, suggesting immediate revenue recognition.
- Dependence on customer orders from specific regions like China, Taiwan, and Korea could pose risks.
- Revenue generation may be affected by market fluctuations and competition.
MIGDAL HAEMEK, Israel, Oct. 1, 2020 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), announced today that it received orders amounting to
These orders for Camtek's latest Eagle model are expected to be installed during the fourth quarter of 2020 and the first quarter of 2021.
Rafi Amit, Chief Executive Officer, commented, "These high-volume orders demonstrate a continuous and growing demand for Camtek's equipment for the front-end macro inspection application.
I am pleased to note that our strong 2D detection capabilities combined with high productivity and breakthrough technologies have enabled us to significantly increase our presence in the front-end segment. Looking ahead, and in line with our strategy, I believe there is a huge potential and very interesting business opportunities for our systems in this market."
ABOUT CAMTEK LTD.
Camtek is a leading manufacturer of metrology and inspection equipment serving the Advanced Interconnect Packaging, Memory, CMOS Image Sensors, MEMS, RF and other segments of the semiconductor industry.
Camtek provides dedicated inspection solutions and crucial yield-enhancement data, enabling manufacturers to improve yield and drive down their production costs.
With eight offices around the world, Camtek has best-in-class sales and customer support organization, providing tailor-made solutions in line with customers' requirements.
This press release is available at www.camtek.com
This press release contains projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions that represent our views only as of the date they are made and may change as time passes. We do not assume any obligation to update that information, except as required by law. These forward-looking statements are subject to risks and uncertainties that may cause actual events or results to differ materially from those projected, including as a result of the effects of general economic conditions; the effect of the COVID-19 crisis on the global markets and on the markets in which we operate, including the risk of a continued disruption to our and our customers', providers', business partners and contractors' business as a result of the outbreak and effects of the COVID-19 pandemic; the risks relating to the concentration of a significant portion of Camtek's expected business in certain countries, particularly China, from which we expect to generate significant portion of our revenues for the second half of 2020, but also Taiwan and Korea, including the risks of deviations from our expectations regarding timing and size of orders from customers in these countries; 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; price reductions; as well as due to other risks identified in our Annual Report on Form 20-F and other documents filed by the Company with the SEC.
CAMTEK LTD. Moshe Eisenberg, CFO Tel: +972 4 604 8308 Mobile: +972 54 900 7100 | INTERNATIONAL INVESTOR RELATIONS GK Investor Relations Ehud Helft |
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SOURCE Camtek Ltd.
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