Photon Dynamics, Inc, acquired by Orbotech Ltd in 2008 and operating as a subsidiary of Orbotech, provides yield management solutions to the flat panel display (FPD) industry, for the printed circuit board (PCB) assembly industry and cathode ray tube (CRT) display and glass industries. Manufacturers in the PCB assembly industry, also referred to as the surface-mount technology industry, use Photo Dynamics' optical and x-ray inspection systems, which incorporate the Company's proprietary image processing technology to detect and identify defects. PHTN also leverages its core technologies to develop and sell products that locate and characterize defects in CRT displays, CRT glass and automotive glass panels. Photon Dynamics specializes in the global supply of integrated yield management solutions for the display, electronics and other selected markets. The company makes flat-panel display (FPD) test, inspection, and repair equipment, including array test systems that detect electrical contamination and flat-panel inspection systems that identify optical defects.