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Ascot, UK, 23 January 2006 – Key Equipment Finance, a global leader in equipment financing and an
affiliate of KeyCorp (NYSE: KEY) has announced that it has been selected as the primary leasing partner
of Orbotech (NASDAQ: ORBK) for the company’s European operations. Orbotech is a world leader in
providing yield-enhancing production support solutions for specialised applications in the supply chain of
the electronics industry, principally for printed circuit boards and flat panel displays.
The expansion of the relationship with Key Equipment Finance enables Orbotech to provide flexible
financing to manufacturers acquiring its electronic circuitry inspection and imaging equipment in Europe.
Orbotech already partners with Key Equipment Finance in Asia and plans to expand the programme into
North America.
The implementation of a lease programme will allow Orbotech to boost sales by offering customers one-stop-shopping and a lower cost of acquisition. The benefits of a lease option for customers include tax
benefits, upgrade flexibility and better asset management.
“Orbotech is a global leader in their markets and recognises the importance of offering an attractive
finance option as part of the complete customer service package,” said Karen Larson, president and chief
operating officer of Key Equipment Finance’s global vendor services unit. “We are excited to be growing
our relationship with a company of this calibre.”
Orbotech noted the professionalism and knowledge of Key Equipment Finance’s leasing experts, as well
as more than 30 years experience implementing successful lease programmes, as the primary reasons
for selecting Key Equipment Finance as the company’s lease partner.
“Our partnership with Key Equipment Finance has been very well received by our customers in Asia, and
expanding the programme into Europe was a logical next step. We are committed to providing a complete
solution to all of our customers and look forward to working with Key Equipment Finance to better meet
the needs of European companies interested in acquiring our equipment,” said Erez Simha, vice
president of finance, operations and customer support for Orbotech S.A., the European subsidiary of
Orbotech Ltd.
About Key Equipment Finance
Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-
business equipment financing solutions to businesses of many types and sizes. The company
focuses on four distinct markets:
- businesses of all sizes in the U.S. and Canada (from small business to large
corporate);
- equipment manufacturers, distributors and value-added resellers worldwide;
- federal, provincial, state and local governments as well as other public sector
organisations; and
- lease advisory services for manufacturers’ captive leasing and finance companies.
Headquartered outside Boulder, Colorado, Key Equipment Finance manages a $12 billion
equipment portfolio with annual originations of approximately $5 billion. The company has major
management and operations bases in Toronto, Ontario; Albany, New York; Chicago, Illinois;
Houston, Texas; London, England; and Sydney, Australia. The company, which operates in 26
countries and employs 1,100 people worldwide, has been in the equipment financing business
for more than 30 years. Additional information regarding Key Equipment Finance, its products
and services can be obtained online at KEFonline.com.
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services
companies, with assets of approximately $92 billion. Key companies provide investment
management, retail and commercial banking, consumer finance, and investment banking
products and services to individuals and companies throughout the United States and, for
certain businesses, internationally.
About Orbotech
Orbotech (NASDAQ: ORBK) is a world leader in providing yield-enhancing, production support solutions
for specialised applications in the supply chain of the electronics industry, principally for printed circuit
boards (PCBs) and flat panel displays (FPDs). The Company designs, develops, manufactures, markets
and services automated optical inspection (AOI) systems for bare and assembled PCBs and for FPDs,
and imaging solutions for PCB production. The Company's innovative AOI, imaging and computer-aided
manufacturing (CAM) technologies enable customers to achieve the increased yields and throughput
essential to remaining at the forefront of electronics production. Through its subsidiary, Orbograph Ltd.,
the Company also develops and markets automatic check reading software to banks and other financial
institutions. Of Orbotech's employees, more than one quarter are scientists and engineers, who integrate
their multi-disciplinary knowledge, talents and skills to develop and provide sophisticated solutions and
technologies designed to meet customers' long-term needs. Orbotech maintains its headquarters and its
primary research, development and manufacturing facilities in Israel, and more than 30 offices worldwide.
The Company's extensive network of marketing, sales and customer support teams throughout North
America, Europe, the Pacific Rim, China and Japan deliver its knowledge and expertise directly to
customers the world over. For more information visit www.orbotech.com.
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