Camtek Ltd (CAMT)

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Camtek sells $1.3m in inspection systems to Texas Instruments

Texas Instruments purchased eight Camtek Falcon systems this year.

Gitit Pincas 6 Dec 05 16:50

Camtek (Nasdaq: CAMT) last week announced several follow-on orders for its Falcon wafer inspection system.
Camtek did not divulge the name of the customer, but capital market sources say that it is Texas Instruments (NYSE: TXN). Camtek said only that it was a top-10 semiconductor supplier based in Texas, and that the new orders were for the customer's plants in Texas and South-East Asia.

These orders, totaling around $1.3 million, bring the number of Falcons purchased by Texas Instruments this year to eight systems.

Previous systems have been installed at Texas Instruments' facilities in the US and Japan, and revenues have already recognized over the last three quarters. Camtek expects to deliver the new systems and recognize their respective revenues during the first quarter of 2006.

Camtek USA VP of marketing and sales Tommy Weiss said, “While the Falcon was qualified by the customer’s headquarters for worldwide purchasing, each individual plant evaluated the system for its own needs and selected it over the other alternatives based on performance. Of particular interest was the Falcon’s capability to monitor probe marks - the indentations left in the interconnect pads during functional testing. We are proud to have been repeatedly selected by this important customer, and are looking forward to continue developing this long-term partnership.”

Camtek CEO Rafi Amit said, “Supplying eight systems in less than a year to a leading customer demonstrates our ability to capitalize on the Falcon’s success in evaluations. Winning repeat orders for multiple locations from such a major manufacturer leads us to believe that we are well positioned to receive numerous additional orders from similar customers, driving our growth and improving our profitability.”

Published by Globes [online], Israel business news - www.globes.co.il - on Tuesday, December 06, 2005

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