Orbotech Gets $24 Mln Order From Chinese Flat Panel Display Maker CHOT

(RTTNews) - Orbotech Ltd. (ORBK), a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products, announced Tuesday a $24 million order with Xianyang CaiHong Optoelectronics Technology Co. Ltd. or CHOT.

The Orbotech solutions ordered are for phase I of CHOT's new Gen 8.6 fab in Xianyang, China, and are designed to support the manufacture of a monthly capacity of 60,000 panels.

CHOT is a Chinese flat panel display manufacturer and part of the China Electronics Corp.

The solutions chosen include multiple Automated Optical Inspection (AOI), Array Testing and Array Repair systems for use in the production of LCD TV displays.

Orbotech said bookings for its FPD products are anticipated to reach, by the end of second quarter, approximately $300 million for the trailing 12 months.

Edu Meytal, President of Orbotech Pacific Display, said, "As the demand for LCD televisions grows, Orbotech continues to deliver advanced solutions that improve manufacturing process efficiencies and support the industry's increasingly complex technologies."