Orbotech Receives "2010 Best Vendor Award” from AU Optronics Corporation

Orbotech LTD. (NASDAQ/GSM SYMBOL: ORBK) today announced that it has been presented with the ‘Best Vendor for 2010’ award by AU Optronics Corporation, a world-leading Taiwanese manufacturer of TFT-LCD panels.

This prestigious award has been conferred on Orbotech based on internal scoring by AU Optronics’ manufacturing fabs, and recognizes the achievements of Orbotech’s commitment to superior customer support and technology leadership.

"We are honored to have been recognized by AU Optronics, a premier manufacturer of high-quality TFT-LCD displays,” said Mr. Calvin Wang, Vice President Business, Display Asia Pacific group of Orbotech Ltd. "It is gratifying to know that our commitment to provide AU Optronics with industry leading technologies and services to support their business needs has been acknowledged. We look forward to continued collaboration in their future growth.”

About Orbotech Ltd.

Orbotech is a leading global provider of yield-enhancing and production solutions for printed circuit boards (PCBs), which are used in various electronic devices, including smartphones and tablets, and yield-enhancing solutions for liquid crystal displays (LCDs) and touch screens. The Company’s extensive network of marketing, sales and customer support teams, located in over 40 offices throughout North America, Europe, the Pacific Rim, China and Japan, delivers its knowledge and expertise directly to customers the world over. For more information visit www.orbotech.com.

Except for historical information, the matters discussed in this press release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, future prospects, developments and business strategies and involve certain risks and uncertainties. The words "anticipate,” "believe,” "could,” "will,” "plan,” "expect” and "would” and similar terms and phrases, including references to assumptions, have been used in this press release to identify forward-looking statements. These forward-looking statements are made based on management’s expectations and beliefs concerning future events affecting Orbotech and are subject to uncertainties and factors relating to its operations and business environment, all of which are difficult to predict and many of which are beyond the Company’s control. Many factors could cause the actual results to differ materially from those projected including, without limitation, cyclicality in the industries in which the Company operates, the Company’s production capacity, timing and occurrence of product acceptance, worldwide economic conditions generally, especially in the industries in which the Company operates, the timing and strength of product and service offerings by the Company and its competitors, changes in business or pricing strategies, changes in the prevailing political and regulatory framework in which the relevant parties operate or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis, the level of consumer demand for sophisticated devices such as smartphones, tablets and other electronic devices, the ability to sell OMD in the timeframe anticipated, if at all, and other risks detailed in the Company’s SEC reports, including the Company’s Annual Report on Form 20-F for the year ended December 31, 2010. The Company assumes no obligation to update the information in this press release to reflect new information, future events or otherwise, except as required by law.