Orbotech LT Solar has received the first order for its newly-developed anti-reflective wafer coating product. The beta site order is to be delivered in the second quarter of 2011 and follows on from the successful initial testing of the product.
“We are very pleased to be able to announce this milestone in the company’s history,” said Rani Cohen, president and CEO. “Although still at the beta site stage, this order marks the initial commercialisation of a new business area for Orbotech and an important expansion, beyond our traditional yield-enhancing and production solutions for PCB and FPD customers, into the area of solar energy manufacturing. It also highlights the critical importance of our continuing emphasis on judicious, long-term investments in research and development and the benefits to the company of pursuing our strategy of growth through both organic and inorganic means.”