Camtek Announces Acquisition of Printar Ltd.

MIGDAL HA'EMEK, Israel, May 18 /PRNewswire-FirstCall/ -- Camtek Ltd.
(NASDAQ and TASE: CAMT), today announced the acquisition of assets of Printar
Ltd., an Israeli company.
Printar Ltd. is engaged in manufacturing, sale and marketing of direct
digital material deposition systems and inks for the Printed Circuit Board
("PCB") industry, with two major fields of activity: Solder Mask, an epoxy
layer selectively covering the PCB, while leaving the connecting pads
uncovered ("SM") and Legend, applying the identification nomenclature on the
PCB, commonly used in the PCB industry ("Legend"). Printar introduced its
first Legend system six years ago and maintains an install base of more than
45 Legend systems.
Printar's technology provides a higher performances, one-step,
environment-friendly and relatively low-cost process, in comparison with
traditional printing methods. The technology can also be applicable in the
future to various other applications in the field of electronic manufacturing.
Camtek will purchase from Printar all of Printar's assets, knowledge,
technology and IP rights related to the acquired business.
In consideration for the purchase, Camtek will pay Printar a total sum of
up to $2,500,000; an initial payment of $500,000 and an additional total
amount of $2,000,000, subject to certain agreed conditions, and provided that
such amount, if due, shall be paid no later than May 2011.
"We expect that the acquisition of Printar's assets will enable Camtek to
offer its customers in the PCB industry with a broader range of products,
while relying on existing operational, R&D and sales and marketing
infrastructure", said Rafi Amit, Camtek's CEO.
"PCB manufacturers are constantly seeking to adopt new technologies that
can improve performances in the manufacturing process, while reducing cycle
times and saving costs. We believe that Printar's innovative digital
technology meets these requirements and will enable Camtek to lead the market
of digital material deposition", added Mr. Amit. "We intend to continue to
provide services to Printar's current customers by leveraging our
well-established customer support, service and sales infrastructure and to
launch a new SM system, based on the acquired technology, later this year".
About Camtek Ltd.
With headquarters in Migdal Ha'Emek Israel, Camtek Ltd., designs,
develops, manufactures, and markets automatic optical inspection systems and
related products. Camtek's automatic inspection systems are used to enhance
both production processes and yield for manufacturers in the printed circuit
board industry, the high density interconnect substrate industry and the
semiconductor manufacturing and packaging industry.
This press release is available at http://www.camtek.co.il.
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, price reductions as well as due to
risks identified in the documents filed by the Company with the SEC.
Contact Details

Camtek Ltd.
Mira Rosenzweig, CFO
Tel: +972-4-604-8308
Fax: +972-4-604-8300
Mobile: +972-54-9050703
mirar@camtek.co.il

IR International
GK International IR
Ehud Helft / Kenny Green
Tel: (US) +1-646-201-9246

SOURCE Camtek Ltd

Contact Details: Camtek Ltd., Mira Rosenzweig, CFO, Tel: +972-4-604-8308, Fax:
+972-4-604-8300, Mobile: +972-54-9050703, mirar@camtek.co.il; IR
International, GK International IR, Ehud Helft / Kenny Green, Tel: (US)
+1-646-201-9246