First Israel Mezzanine Investors Fund CEO Ishay Davidi: Systems for the semiconductor manufacturing industries are strong growth engines for Camtek.
Camtek (Nasdaq: CAMT) today announced a $5 million investment by First Israel Mezzanine Investors Fund (FIMI) Opportunity Fund through a five-year convertible loan.
The loan is convertible into ordinary shares of Camtek, at a conversion price of $5.5 per share, subject to certain adjustments. Camtek also undertook to maintain certain financial covenants.
"We are delighted to welcome FIMI on board as an investor in Camtek," said Camtek CEO Rafi Amit. "We see FIMI's investment in Camtek as an important expression of confidence in Camtek's innovative technology and market position."
FIMI CEO Ishay Davidi said, "We have strong belief in Camtek's management team and in the outstanding opportunity presented by Camtek's new systems for the semiconductor manufacturing and packaging industries. We believe that these systems are becoming strong growth engines for Camtek."
Published by Globes [online], Israel business news - www.globes.co.il - on Tuesday, August 09, 2005