Valor Computerized Systems Ltd, a global provider of productivity enhancing software solutions for the electronics industry, announced today that Lior De Picciotto has joined the company's executive management team as EVP, Business and Strategy.

De Picciotto spent the past 14 years holding various management positions at Orbotech, including Representative Director of Orbotech Japan, President of Orbotech Pacific and lately Corporate VP of Marketing and Business Development. In his new role, he will manage Valor's subsidiary activities and will be responsible for the company's ongoing business. De Picciotto will also be taking over the assembly business unit activities from Julian Coates, who will be focusing on Valor's Business Development activities.

"Lior comes highly praised by Orbotech's seniors," said Dan Hoz, Valor's CEO. "He brings with him a vast array of skills and experience, and is both familiar with and well known by the industry. All of these make him a valuable asset to Valor, and I am certain that he can contribute greatly to our success."

About Valor

Valor is a global provider of productivity improvement software solutions for the printed circuit board, or PCB, manufacturing supply chain. PCBs are the principal electronic interconnect technology used in the vast majority of electronic products sold today.  Valor's solutions target three key segments in the PCB manufacturing market: design of the physical layout of the PCB, fabrication of the bare PCB, and assembly of PCB components. Valor is listed on the Prime Standard of the Frankfurt Stock Exchange [WKN 928731]. More information can be found at www.valor.com.