Court cancels ex parte temporary injunction against Camtek
May 13, 2004
Hearing set for May 14 at 9:30 A.M. Israel Time
Camtek Ltd. (NASDAQ: CAMT) announced that an ex parte temporary injunction that had been issued against it by the District Court in Nazareth, Israel, was cancelled at Camtek's request shortly after it had been served on Camtek. The cancelled temporary injunction, which was issued without Camtek representatives having an opportunity to be heard, would have required Camtek to suspend its manufacture, sale and marketing of its Dragon and Falcon systems. A hearing has been set for Friday, May 14 at 9:30 a.m. Israel time, or 2:30 a.m. Eastern Daylight Savings Time, to consider this matter with all parties present.
Rafi Amit, Chief Executive Officer of Camtek, said: "We strongly believe that the request for an injunction against our Dragon and Falcon systems is entirely inappropriate, and we believe that we have good defenses against the allegations of Orbotech, which we will be vigorously asserting on Friday before the court and thereafter as the litigation progresses. In particular, the features which allegedly infringe upon the patent are not an integral part of those systems, but rather are sold merely as an optional component. We will also strongly consider seeking to recover from Orbotech any damages caused us by their groundless actions."