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Orbotech Announces Three Technology Investments

Feb 07, 2002

Orbotech Ltd. (Yavne, Israel) has committed to equity investments totaling approximately $7.0 million in three private Israeli companies: CoreFlow Scientific Solutions Ltd.; Sagitta Engineering Solutions Ltd.; and BioView Ltd. These investments reflect the Orbotech's strategy for growth and are intended further to strengthen its overall position within the electronics industry.

Orbotech Ltd. has invested directly in CoreFlow Scientific Solutions Ltd., a developer of aerodynamic-based technologies for conveying and automation applications. CoreFlow has developed an innovative technology for controlling the flow of air or liquids through a specially designed nozzle based on a self-adaptive, aerodynamic blockage mechanism. This technology is already being used in the printed circuit board, flat panel display, semiconductor and printing industries.

The two investments made through Orbotech's corporate venture fund Orbotech Technology Ventures are in Sagitta Engineering Solutions Ltd., a developer of production and inspection equipment for advanced fiber optic components, and BioView Ltd., a developer of machine vision technology for medical applications.

Sagitta is engaged in the development of production and inspection equipment designed to enhance the manufacturing of advanced fiber optic components. The company's first products automate the optical shape formation final polishing and inspection processes associated with most fiber optic components. The company's technological platform incorporates precise robotics, integrated vision and optics platform, and artificial intelligence algorithms for nano-polishing process control.

BioView is engaged in the medical screening and diagnostic field and has developed a platform for numerous medical applications including cancer monitoring and early stage detection of fetal abnormalities.

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