MIGDAL HAEMEK, Israel, August 14, 2017 /PRNewswire/ --
Camtek Ltd. (NASDAQ: CAMT and TASE: CAMT) has established a strategic cooperation with Sun Chemical, a leading producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials.
In the framework of this cooperation, Sun will develop liquid solder mask ink to be used in Camtek's inkjet system for PCB applications. The resulting ink may also target all other end user markets for PCB manufacturing, including the high-end automotive sector, with soldermask technology capable of meeting the most stringent OEM specifications, and the parties will share profits derived from the ink developed.
"This is a great opportunity for Sun Chemical to work with an established advanced equipment manufacturer like Camtek," said Tony Searle, Circuits Business Manager, Sun Chemical. "The agreement brings our wealth of experience with inkjet technologies and applies it to the PCB industry."
"We are very pleased to form this strategic cooperation with Sun Chemical, bringing to the table very significant experience with chemicals and inks for electronic manufacturing, especially soldermask," said Rafi Amit, CEO, Camtek. "Our two companies have highly complementary expertise and working together will be highly synergistic. As an addition to our own ink-development capabilities - this presents a significant stride forward in our efforts to commercialize the inkjet technology for PCBs."
About Camtek Ltd.
Camtek Ltd. provides automated and technologically advanced solutions dedicated to enhancing production processes, increasing products yield and reliability, enabling and supporting customer's latest technologies in the Semiconductors, Printed Circuit Boards (PCB) and IC Substrates industries.
Camtek addresses the specific needs of these interconnected industries with dedicated solutions based on a wide and advanced platform of technologies including intelligent imaging, image processing and functional inkjet printing.
About Sun Chemical
Sun Chemical, a member of the DIC group, is a leading producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials. Together with DIC, Sun Chemical has annual sales of more than $7.5 billion and over 20,000 employees supporting customers around the world.
Sun Chemical Corporation is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S.A. For more information, please visit the Web site at http://www.sunchemical.com.
This press release is available at http://www.camtek.com
This press release may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions and may change as time passes. We do not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of 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, intellectual property litigation, price reductions as well as due to risks identified in the documents filed by the Company with the SEC.
Moshe Eisenberg, CFO
INTERNATIONAL INVESTOR RELATIONS
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1-646-688-3559
SOURCE Camtek Ltd