Camtek Ltd. (Nasdaq: CAMT; TASE:CAMT) has won a multi-million dollar order for 44 automated optical inspection (AOI) systems from a Taiwanese printed circuit board manufacturer. The company will supply its new 3G family Dragon and Orion AOI systems, and will also upgraded 32 existing systems to 3G performance and more than 20 units of new CVR100 verification systems. The new systems will be installed at the customer's new plant in China and the revenues will be recognized during the third and fourth quarters of 2007.
Camtek Taiwan general manager Cliff Young said, "The significance of this order goes far beyond its sheer size. Having won an intensive evaluation against two competitors, the order indicates the value to the customer of our new 3G lines and the EyeQ technology that powers it."
Camtek CEO Rafi Amit said, "At this time it is also important to emphasize that in addition to the steps taken during the last six months, we have adopted and implemented a cost reduction plan, the effects of which will be fully reflected beginning in the third quarter."
Camtek, a maker of AOI systems for PCBs and semiconductors, posted a net loss of $4.3 million for the first quarter of 2007, compared with a net profit of $4.4 million for the corresponding quarter of 2006, and it revenue fell 41.8% to $14.5 million.
Published by Globes [online], Israel business news - www.globes.co.il - on July 25, 2007
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