RANCHO SANTA MARGARITA, CA — May 2009 — Valor Computerized Systems, Inc., global provider of productivity improvement software across the printed circuit board design and manufacturing supply chain, announces that Fundação CERTI, based in Florianopolis Brazil, has purchased and successfully implemented Valor’s Trilogy DFM, vPlan, vManage and solutions.

CERTI is an independent private technology research and development organization that conducts unique activities and maintains partnerships with universities and research centers in Brazil and abroad. Its mission is to provide industrial and service companies with innovative and competitive technological solutions. CERTI’s continuous challenge is to maintain itself at the vanguard of technical knowledge. Through “mobilizing projects” that have public and private support, CERTI contributes to the technological, corporate and social development of Brazil.

CERTI purchased Valor’s software in December of 2008 and the installation of the systems at the CERTI LABelectron factory in Brazil was completed in March of 2009.  The Valor software solutions implemented at CERTI cover the entire manufacturing preparation and execution process including design for manufacturing (DFM) analysis of native CAD files, multi vendor SMT programming and optimization, component level materials management, SMT part verification and complete process traceability.  Valor’s systems interface seamlessly with various machines at CERTI including Juki, Universal and Fuji.  
 
 “Valor and CERTI share a unique relationship, jointly promoting advanced technologies and processes that enable Brazilian companies to produce products at an accelerated pace and with the highest quality levels in order to maintain a competitive advantage. The Valor solution will provide CERTI with complete real-time visibility and control over its manufacturing processes as well as full traceability of components and materials. We expect to duplicate the success we have shared with CERTI at many other Brazilian electronics manufacturers,” said Dan Weitzman, President of the Americas.

“Foundation CERTI is extremely satisfied with the acquisition and implementation of the Valor system. Valor’s software brings a lot of benefits for CERTI LABelectron and our customers.  The Trilogy DFM and DFA software allows us to accelerate the introduction of new products. Now our customers receive an HTML report complete with images of potential PCB design problems that could negatively impact the manufacturing, assembly and test of their products. The Valor DFM software reduces the risk of delays in the product development cycle as a whole. We have optimized our assembly processes with the implementation of the vPlan software.  In addition to automatic assembly machine programming and optimization, the vPlan system generates the necessary documentation for manual and automatic assembly stations as well as visual controls for inspection.  Overall the vPlan system enables better execution of the activities on the factory floor and a reduction of the preparation time for all assembly processes.  The implementation of the vManage module has enabled greater control for all of the activities in the plant.  This occurs through accurate materials management, closed loop setup verification of the machines, monitoring of the equipment and fast identification of issues and errors on the assembly line. We believe that the Valor system at LABelectron is a positive step towards our objective to raise the level of excellence for all manufacturing processes and in supporting our customers in the development of electronic products and in the dissemination of innovative technologies,” said Carlos Alberto, CERTI’s Executive Director.

For more information about CERTI, visit www.certi.org. For more information about Valor Americas, visit www.valor.com.

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YAVNE, Israel – May 14, 2009 - Valor Computerized Systems Ltd. [Prime Standard: VCR], a global provider of productivity improvement software solutions for the printed circuit board industry, announced today its financial results for the period ending March 31, 2009.

Revenues in the first quarter of 2009 were $9M, similar to the revenues in the previous quarter, which accumulated to $9.1M.

Operating profit in the first quarter of 2009 was $0.8M, as compared with an operating loss of $1M in the previous quarter.

Net profit in the first quarter of 2009 was $0.8M, as compared with a net loss of $0.8M in the previous quarter.

Earnings per Share (diluted) in the first quarter of 2009 were $0.04, as compared with loss per share of $0.04 in the previous quarter.

Summary of Financial Data (Unaudited, $US thousands unless otherwise noted):

* Including restructuring expenses totalling $1.1 Million

Some of the following statements are forward-looking in nature, and actual results may differ materially:

“We are pleased with our Q1 results, which were significantly better on the bottom line than in the previous quarter and in line with our goals” said Dan Hoz, Valor’s CEO. “We succeeded in increasing our net income despite market conditions and the minor decline in revenues, which, as in the preceding quarter, resulted mainly from weakness in the fabrication market, in which we operate via Frontline - our joint venture with Orbotech (Nasdaq: ORBK).”

“The cost saving measures which we have implemented throughout 2008 helped us improve our profitability”, said Hoz. “This, together with the signs of stabilization that we see in the market, indicates that our dynamic approach and actions are the right measures for these times, and we are working to improve our revenues and profitability even further in the following quarters”, Hoz concluded.

The complete financial report can be downloaded from the Investor Relations section on the Valor corporate website: www.valor.com

Valor will hold an Earnings Call on May 14, at 13:00 GMT. To participate, call the following numbers:
Israel Toll Free – 180 934 4019
Germany Toll Free – 0800-330-4462
Germany Local - +49-6971-044-5554
US Toll Free - 1- 888-468-5776
US Local - +1-480-629- 9602

Conference code:4076818
Participant registration begins 5-10 minutes before the scheduled time.

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Risks Regarding Forward Looking Statements
Certain statements included herein are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include statements regarding the size and timing of the proposed offering.  These forward-looking statements are only predictions based on our current expectations and projections about future events.  Many factors, including those indicated in the press release, as well as general market conditions, could impact the realization of these forward-looking statements. Valor wishes to caution prospective investors not to rely on any such forward-looking statements as predictions of future events. Valor does not undertake, and specifically disclaims any obligation, to update any forward-looking statements, which speak only as of the date made. For additional information, see our website at: www.valor.com/fls

Shenzhen, China – April 30, 2009 – Valor Computerized Systems Ltd, a global provider of productivity-enhancing software solutions for the electronics industry, announced today that SMT China magazine has recently awarded the company with its prestigious VISION Award for 2009, in the Software-Production Management categories.

This is the third year in a row in which Valor wins the VISION Award. The previous two Awards were presented to Valor for vPlan – the latest process planning and engineering platform, and vManage - End to End Manufacturing Monitoring and Control system. The current award is presented for vCheck – Valor’s quality management solution. vCheck was recognized by the VISION Award independent judges panel as demonstrating an innovative approach in dealing with market challenges and dynamics, and as being a product whose contribution to the market deserves special recognition. The judges panel was comprised of recognized industry experts as well as readers of SMT China from all industry sectors.

“Valor is very proud to have won the SMT China VISION Award this year for the third time. We have put a lot of effort into developing vCheck as a platform that can meet the exact challenges that markets such as the Chinese electronics manufacturing market are faced with, and we are pleased to see that our efforts are recognized and valued by both the industry and our customers.” said KH Ong, President of Valor APAC.

“I was glad to present the award to Valor again. This was the third year in a row that Valor received the awards, consistently staying on top among all. On behalf of SMT China magazine and our readers at large, we express our sincere congratulations to Valor.” said Adonis Mak, Publishing Director of SMT China magazine & President of ACT International Media Group.

vCheck is Valor’s quality management system developed specifically for electronics manufacturers who need to minimize the occurrence of non-quality and drive the manufacturing process to optimal performance by balancing quality, throughput and cost.  vCheck is a multi dimensional quality system designed to increase profitability and customer satisfaction by making all aspects of quality testing and inspection visible to any decision maker.

Yavne, Israel – March 31, 2009 – Valor Computerized Systems Ltd., a global provider of productivity improvement software solutions for the printed circuit board industry, announces the availability of new enhancements to Enterprise 3000, its automated DFM verification tool for PCB design.

Version 8.2 introduces significant improvements to overall system performance.  Improvements made to the analysis algorithms have resulted in an average 25% reduction in processing time.  Furthermore, improvements in memory management enable analysis of larger designs than previously possible. Valor is pleased to announce with version 8.2 the availability of the Enterprise 3000 DFM software on both Windows 64bit based systems with expanded memory (4GB) and the Linux Redhat operating system.  These platforms provide even greater support for large designs and faster performance on complex designs.

The new version also incorporates functionality that improves the system’s ease-of-use, simplifies the DFM analysis preparation process and improves upon filtering capabilities.

 

• Better Control and Predictability - To provide a predictable and repeatable process, the new Design Preparation Rule Sets module automates the addition of attributes to features and components, eliminating the need for custom automation for this procedure. Preparing a design is now an order of magnitude faster and easier than using traditional automation techniques.

 

• Attribute Friendly Environment - Attributes are now provided with a complete and meaningful name, making it easier for DFM users to set-up and be productive.

 

In support of customer needs, version 8.2 provides additional new analysis verification of HDI designs and improves on existing categories.

 

• Net Integrity, Electrical Return Path, and Via Stack Count for HDI Analysis - “Via Stack Count” verification is used to locate likely microvia fractures and return path validation which ensures a designated signals have a required reference net for buildup and core layers.  Version 8.2 also enables wire bond and die pad netlist validation which provides the ability to perform a new level of custom component netlist analysis.

 

• Pad Thermal Verification and Bottleneck Analysis Improvements - The analysis for thermal impact of embedded pads has been improved to calculate the percentage of perimeter for the covered area to minimize incorrect identification of DFM issues. Also, a refinement to the copper bottleneck analysis now separates results created by two routes from other conditions, providing a more precise classification.

Commenting on the new version, Max Clark, Valor’s Product Manager for DFM, said “Version 8.2 represents many improvements in multiple facets of the Enterprise 3000.  Listening to our customers, Valor is delivering enhanced performance, improved on the general ease of use and completed development on major new analysis needs.  Version 8.2 in many ways represents the start of much more to come.”

Valor’s Enterprise 3000 DFM software is a unique, virtual manufacturing system, which enables the user to simulate the entire production process of a given PCB, from design to manufacture to assembly, concurrent with the design process. Using a physical model of the PCB assembly, the system helps optimize designs for excellence, resulting in improved product quality, lower NPI costs and the near elimination of revision spins.

RANCHO SANTA MARGARITA, CA — March 2009 — Valor Computerized Systems, Inc., global provider of productivity improvement software across the printed circuit board manufacturing supply chain, announces that Southwest Systems Technology, Inc. will represent Valor throughout Mexico.

“Southwest Systems Technology, Inc. has proudly represented Valor in Texas, Oklahoma, Arkansas and Louisiana since 2005. We are grateful and excited to provide our sales support for Valor in Mexico, a growing and dynamic market,” said Dee Claybrook, President, Southwest Systems Technology, Inc.

Southwest Systems Technology has several long-time professional sales engineers in Mexico. Each has numerous years’ experience and is able to technically present the myriad of products that Southwest Systems represents in a thorough and professional manner. The company sells products in both the electronic and semiconductor manufacturing industries. It sells capital equipment and materials, and its sales engineers are trained in the latest industry processes and technologies.

“Valor offers a solid product that is the very best for improving yields and enhancing productivity,” Claybrook continued. “Valor adopters save money on every assembly every time.  The current market demands that ‘value engineering’ is perpetual and Valor provides that capability with the broadest product offering in software automation.”

For more information about Southwest Systems Technology, Inc., visit www.swsystems.com. For additional information about Valor and its suite of products and technologies, visit www.valor.com.

YAVNE, Israel – February 25, 2009 - Valor Computerized Systems Ltd. [Prime Standard: VCR], a global provider of productivity improvement software solutions for the printed circuit board industry, announced today its financial results for the period ending December 31, 2008.

Revenues in the 2008 were $40.4M, a decrease of 3.7% as compared with $41.9M in 2007.

Operating income in 2008 was $2.8M, not including issuance costs of cancelled IPO in amount of $1.4M and restructuring expenses of $1.7M, representing a growth of 12% in operating margin as compared with 2007.

Net income in 2008 was $3.5M not including the issuance costs of cancelled IPO and restructuring expense, net of tax, representing a growth of 17% in net profit as compared with 2007.

Cash flow from operating activities in 2008 accumulated to $5.5M, as compared with 4.6M in 2007.

Earnings per Share (diluted) in 2008 were $0.04, as compared with $0.14 in the parallel period of the previous year.

Revenues in the fourth quarter of 2008 were $9.1M, a decrease of 14% as compared with $10.6M in the fourth quarter of 2007.

Net profit was $0.4M in the fourth quarter of 2008, excluding restructuring expenses, net of tax, as compared with a net profit of $0.8M in the same period of the previous year.

Summary of Financial Data (in $US thousands, unless otherwise noted):

 * Including issuance costs of cancelled IPO, and restructuring expenses totalling $3.1 Million

Some of the following statements are forward-looking in nature, and actual results may differ materially:

“Valor concluded 2008 in a relatively good position, with a substantial cash flow from operating activities of $5.5M,” said Dan Hoz, Valor’s CEO. “We all know these are challenging times for the electronics industry and the market as a whole, and yet the decrease in our revenues stems mainly from weakness in the fabrication market, in which we operate via Frontline - our joint venture with Orbotech (Nasdaq: ORBK). In our other market segments we actually demonstrated relative stability, and even some increase in market share thanks to our software solutions which assist electronics manufacturers in reducing their operating costs and are therefore in high demand during times like these.”

“We are also very pleased to see our maintenance contracts renewals and customer retention maintaining a stable trend, even in Japan and APAC, which seem to have been affected more severely by the economic conditions” said Hoz. “In addition, we are strengthening our business through the recent acquisition of PCB Matrix, as well as the appointment of a new EVP of Business and Strategy.”

“We are putting a lot of emphasis on our contribution in 2009” said Hoz. “In line with that approach we have made some necessary adjustments to our expenses during 2008, some of which resulted in restructuring expenses of $1.7M and issuance costs of cancelled IPO totaling $1.4M. Nevertheless, our cash position remains firm at $30M, and our ability to sell our products has not been affected. It is important for us to continue supporting our customers, and we believe that we are fully capable of continuing to do so throughout 2009 as well.”

The complete financial report can be downloaded from the Investor Relations section on the Valor corporate website: www.valor.com

Valor will hold an Earnings Call on Feb. 25, at 14:00 GMT. To participate, call the following numbers:
Israel Toll Free – 180 934 4019
Germany Toll Free – 0800-330-4462
Germany Local - +49-6971-044-5554
US Toll Free - 1-866-691-3082 
US Local - +1-480-629-9039 

Conference code:3989631
Participant registration begins 5-10 minutes before the scheduled time.

» Pressemitteilung in Deutsch

Risks Regarding Forward Looking Statements
Certain statements included herein are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include statements regarding the size and timing of the proposed offering.  These forward-looking statements are only predictions based on our current expectations and projections about future events.  Many factors, including those indicated in the press release, as well as general market conditions, could impact the realization of these forward-looking statements. Valor wishes to caution prospective investors not to rely on any such forward-looking statements as predictions of future events. Valor does not undertake, and specifically disclaims any obligation, to update any forward-looking statements, which speak only as of the date made. For additional information, see our website at: www.valor.com/fls

Yavne, Israel – February 17, 2009 – Valor Computerized Systems Ltd, a global provider of productivity-enhancing software solutions for the electronics industry, has been selected by Crystalaid Manufacture, a specialist CEM in Australia, to provide vPlan – Valor’s next-generation, enterprise-level process engineering software solution for electronics assembly.

Crystalaid Manufacture is an Australian, Brisbane- based company that provides a broad range of electronic manufacturing services to customers, especially military and medical products.

“As we deal with various sources CAD/CAM both new and legacy, we needed a software tool that can streamline processing this data for conversion to our SMT equipment.” stated Frank Faller, Operations Manager at Crystalaid. “vPlan has proven to take in all of the data we have presented and thanks to is graphically rich user interface together with its powerful functionality we can quickly get verified NC data ready for first time builds. This has enabled faster response to issues with customers supplied data enhancing our service and quotation response times. vPlan has become an intrinsic part of our business and we look forward to future enhancements on our system.”

vPlan is a revolutionary solution for synchronized process engineering in an easy to use package. It is a single solution that delivers a complete, seamless engineering process from CAD to machine, covering SMT, Through Hole Technology and manual assembly. It also delivers complete comprehensive and synchronized Manufacturing Process Definitions (MPD) to the production floor, and automatically generates machine specific libraries on demand (registered patent).

Yavne, Israel – January 20, 2009 – Valor Computerized Systems Ltd, a global provider of productivity-enhancing software solutions for the electronics industry, has completed a successful installation of its Manufacturing Quality Management System for electronics assembly at USR Electronic Systems, Israel’s leading electronics contract manufacturer.

USR’s work with customers in the medical, security and telecom segments such as GE Health Care, Syneron, Verint and others, presents its own unique challenges in terms of reporting and compliance. In order to deal with those challenges (such as FDA 21 CFR part 11), the company decided to implement a quality management system.

Valor’s Quality Management System (vCheck) fully integrates into USR’s manufacturing process, collecting data from test and repair stations including visual inspection stations, Orbotech machines, and added support for SPEA and Teradyne machines coming up. Data is also collected from the functional test area. Using the consolidated data, vCheck enables easy pin pointing of problems as well as automatic suggestion of solutions from its knowledge base, providing significant reductions in the time it takes to analyze problems and locate solutions. vCheck provides USR with a variety of reports for both internal and external use, thus greatly simplifying the communication process with customers.

“Valor’s technology has proven its superiority in the past, and it continues to do so with vCheck. Its reporting system has allowed us to identify areas in the assembly process where we had to take immediate actions in order to improve our quality, and it allows us to meet the strict demands of our customers with relative ease. vCheck also provides to USR with the ability to analyze customer design problems and recommend changes to products in order to eliminate quality issues.” said Eddie Guez, CEO of USR. “Overall, the tool’s performance, ease of use and capacity for growth make this a very worthwhile investment.”

“USR is another great example of how we build strong partnerships with key players and EMS vendors in our industry,” said Stephan Häfele, President of Valor Europe. ”We see great interest among our EMS customers to adopt quality management solutions like vCheck, not only as an answer to their OEM customers’ demand, but also as proactive means for better management and control of cost structures by improving the quality of operations”.

About vCheck
vCheck is a quality management system developed specifically for electronics manufacturers who need to minimize the occurrence of non-quality and drive the manufacturing process to optimal performance by balancing quality, throughput and cost. vCheck includes alarms and Acceptable Quality Level (AQL) trigger points to help continuously reduce the Defect Per Million Opportunities (DPMO) rate in the manufacturing process, and is designed to increase profitability and customer satisfaction by making all aspects of quality testing and inspection visible to any decision maker.

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