Benzinga | Oct 1, 2020 07:37AM EDT

Camtek Wins $15M In Orders For Front-End Macro Inspection From 2 Large Manufacturers

Camtek Ltd. (NASDAQ:CAMT) (TASE: CAMT), announced today that it received orders amounting to $15 million for systems serving front-end macro inspection applications from two large manufacturers.

These orders for Camtek's latest Eagle model are expected to be installed during the fourth quarter of 2020 and the first quarter of 2021.

Rafi Amit, Chief Executive Officer, commented, "These high-volume orders demonstrate a continuous and growing demand for Camtek's equipment for the front-end macro inspection application.

I am pleased to note that our strong 2D detection capabilities combined with high productivity and breakthrough technologies have enabled us to significantly increase our presence in the front-end segment. Looking ahead, and in line with our strategy, I believe there is a huge potential and very interesting business opportunities for our systems in this market."