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EXHIBIT 99.1
CAMTEK REPORTS GROWING PENETRATION OF HIGH-VOLUME SECTOR
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*Approximately $6.5 Million in New Sales & Orders by Major American,
European & Asian manufacturers;
*All Orders for Multiple Systems
MIGDAL HA'EMEK, ISRAEL, -AUGUST 23, 2000- Camtek Ltd. (NASDAQ: CAMT), a
designer, developer, manufacturer and marketer of automated optical inspection
(AOI) systems and related products for the printed circuit board (PCB)
electronics market, announced today new sales and purchase orders for a
significant number of their AOI systems by several major companies in the
high-end high-volume sector of their market.
The sales and orders totaling approximately $6.5 million represent both new
clients, such as Herco and Fuba, as well as repeat orders, such as AT&S. The
Asian orders are similarly grouped. Camtek said that Herco Technology
Corporation, a major North American manufacturer of printed circuit boards,
selected it to be their AOI supplier for inspection of advanced inner layer
and outer layer product. Herco Technology awarded Camtek this order following
an intensive three months head-on evaluation between Camtek's Orion-604 and a
major competitor's system. AT&S and Fuba are both major European producers of
printed circuit boards. The Asian orders similarly represent four major
printed circuit board manufacturers.
"As Herco layer counts and product technology continue to advance, our primary
goal was to find the best AOI system available that featured excellent
detectability on a dense product with high throughput. The Orion-604 answered
all our AOI requirements", said Mark Golden, Herco's Director of Quality.
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CAMTEK Q2-2000/2
"The Herco purchase together with the sales orders from AT&S and Fuba, emphasize
our growing penetration of the high-end PCB market and our ability to offer a
superior AOI solution for advanced boards in a high volume environment", stated
Mr. Rafi Amit, President of Camtek.
ABOUT CAMTEK LTD.
With headquarters in Migdal Ha'emek Israel, Camtek Ltd., designs, develops,
manufactures, and markets technologically advanced and cost-effective automated
optical inspection systems and related products, used to detect defects and
ensure quality during the manufacturing process in the printed circuit boards
and advanced substrates industries. Camtek has sold over five hundred of its AOI
systems in 27 countries worldwide.
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o All trademarks are property of their respective owners.
Except for historical information, the matters discussed in this news release
may be considered "forward-looking" statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements include
declarations regarding the current intent, belief or expectations of the
Company and its management. Prospective investors are cautioned that any such
forward-looking statements, including those regarding the ability to obtain
new contracts, and future profitability involve a number of risks and
uncertainties that could materially affect actual results. Such risks and
uncertainties include our ability to keep pace with rapidly changing
technology, a reduction in demand for our products, competition, acceptance
of automated optical inspection systems and other items identified in the
Company's registration statements filed with the Securities and Exchange
Commission.
