Camtek Seeks Damages, Must Defend IP
Migdal HaEmek, Israel -- Camtek Ltd. and its parent company, Priortech Ltd., filed a lawsuit in the Tel Aviv District Court against Orbotech Ltd. and Orbot Systems Ltd. The suit seeks to recover about $4 million in damages caused by Orbotech's request for a preliminary injunction given ex parte.
Camtek has other legal issues today as well, with August Technology Corp. filing a patent infringement suit over the former's inspection line.
The Orbotech injuction attempted to prevent Camtek from marketing two of its leading products, and was canceled on the same day as it was received by Camtek.
In addition, the claims cover Orbotech's activities in submitting the preliminary injunction immediately prior to the date of the "pricing" of Camtek's proposed secondary offering on NASDAQ, which subsequently caused the delay and eventual cancellation of the offering.
The claims, at this stage, are for the sum of $4.1 million, although Camtek and Priortech proposed to raise an aggregate of $39.95 million in the secondary offering, and the damages claimed may be updated in the future.
August Technology’s lawsuit, filed in U.S. federal court in Minneapolis, alleges that inspection equipment sold under the "Falcon" trademark infringes on August 's U.S. patent no. 6,826,298.
"August Technology has worked extremely hard to achieve our leadership position in the back-end inspection market. We have invested millions of dollars developing the products that deliver the value our customers need to be successful in their businesses," said Cory Watkins, CTO. "The technology that powers our products is the key to our continued ability to provide value to our customers and shareholders and we are obligated to enforce the intellectual property rights that protect our technology."
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