REHOVOT , Israel, January 16, 2018 /PRNewswire/ --
Nova (NASDAQ: NVMI), a leading innovator and a key
provider of metrology solutions for advanced process control used
in semiconductor manufacturing, today announced that two leading
memory IC manufacturers recently selected Nova's most advanced
integrated metrology solution for their new DRAM and 3D-NAND
production lines.
Nova's integrated metrology solution was selected, following a
comprehensive competitive evaluation, due to superior metrology
performance, better productivity, and roadmap extendibility to
address future technical challenges. As a result of these
selections, Nova recently received over $5
million in orders to be delivered in Q1 2018. Nova expects
to receive and deliver multiple additional orders during the
remainder of 2018. Included in the solution is Nova's newest
release, the cutting-edge NOVA i550® integrated metrology platform
combined with the most advanced MARS® and NOVAFit™ SW algorithmic
solutions.
"We are very excited by these new selections which demonstrate
the progress we are making in the memory space. We view the
adoption of our new NOVA i550® in the market as a vote of
confidence in our technology and market leadership," commented
Eitan Oppenhaim, Nova's President and CEO. "The efforts we have
taken to expand our market share in the growing memory segment are
bearing fruit and will pave the way for our continued growth in
2018."
About Nova:
Nova delivers continuous innovation by providing advanced
metrology solutions for the semiconductor manufacturing industry.
Deployed with the world's largest integrated-circuit manufacturers,
Nova's products deliver state-of-the-art, high-performance
metrology solutions for effective process control throughout the
semiconductor fabrication lifecycle. Nova's product portfolio,
which combines high-precision hardware and cutting-edge software,
supports the development and production of the most advanced
devices in today's high-end semiconductor market. Nova's technical
innovation and market leadership enable customers to improve
process performance, enhance product yields and accelerate time to
market. Nova acts as a partner to semiconductor manufacturers from
its offices around the world. Additional information may be found
at http://www.novameasuring.com.
Nova is traded in NASDAQ & TASE under the symbol NVMI.
This press release contains forward-looking statements within
the meaning of safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 relating to future events or our
future performance, such as statements regarding, but not limited
to, anticipated growth opportunities and projections about our
business and its future revenues, expenses and
profitability. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to
be materially different from any future results, levels of
activity, performance or achievements expressed or implied in those
forward-looking statements. Factors that may affect our results,
performance, circumstances or achievements include, but are not
limited to, the following: our dependency on three product lines;
our dependency on a small number of large customers and small
number of suppliers; the highly cyclical and competitive nature of
the markets we target and we operate in; our inability to reduce
spending during a slowdown in the semiconductor industry; our
ability to respond effectively on a timely basis to rapid
technological changes; our ability to recognize the benefits of
ReVera acquisition and risks that the acquisition may disrupt
current plans and operations and impact relationships with
customers, distributors and suppliers; our dependency on PEMs;
risks related to exclusivity obligations and non-limited liability
that may be included in our commercial agreements and arrangements;
our ability to retain our competitive position despite the ongoing
consolidation in our industry; risks related to our dependence on
our manufacturing facilities; risks related to changes in our order
backlog; risks related to efforts to complete and integrate current
and/or future acquisitions; risks related to worldwide financial
instabilities; risks related to our intellectual property; new
product offerings from our competitors; unanticipated manufacturing
or supply problems; risks related to government programs we
participate in; risks related to taxation; changes in customer
demand for our products; risks related to currency fluctuations,
risks related to acquisitions we may pursue and risks related to
our operations in Israel. We
cannot guarantee future results, levels of activity, performance or
achievements. The matters discussed in this press release also
involve risks and uncertainties summarized under the heading
"Risk Factors" in Nova's
Annual Report on Form 20-F for the year ended December 31, 2016 filed with the Securities and
Exchange Commission on March 3, 2017.
These factors are updated from time to time through the filing of
reports and registration statements with the Securities and
Exchange Commission. Nova Measuring Instruments Ltd. does not
assume any obligation to update the forward-looking information
contained in this press release.
Company Contact:
Dror David, Chief Financial
Officer
Nova Measuring Instruments Ltd.
Tel: +972-73-229-5760
E-mail: info@novameasuring.com
http://www.novameasuring.com
Investor Relations Contact:
MS-IR LLC
Miri Segal
Tel: +917-607-8654
E-mail: msegal@ms-ir.com
SOURCE Nova