MIGDAL HAEMEK, Israel, October 2, 2017 /PRNewswire/ --
Camtek Ltd. (NASDAQ: CAMT and TASE: CAMT), today announced that further to its announcement on July 19, 2017, it has completed the sale of its PCB business to an affiliate of Principle Capital, a Shanghai-based private-equity fund. Upon closing, $32 million in cash was received. A further amount of up to $3 million is conditioned upon the PCB business' financial performance in 2018.
ABOUT CAMTEK LTD.
Camtek is a leading manufacturer of metrology and inspection equipment and a provider of software solutions serving the Advanced Packaging, Memory, CMOS Image Sensors, MEMS, RF and other segments in the Mid End of the Semiconductors industry. Camtek provides dedicated solutions and crucial yield-enhancement data, enabling manufacturers to improve yield and drive down their production costs. With eight offices around the world, Camtek has best in class sales and customer support organization, providing tailor-made solutions in line with customer requirements.
Additional information can be found on the Company's website at 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