Nova Measuring Instruments Provides 4 Week Extension to Deadline for Receiving Bids Pursuant to IP Auction Announced September 6
January 17 2007 - 6:43AM
PR Newswire (US)
While Making Preliminary Evaluation of Bids Already Received,
Company Agrees to Accept Additional Bids Through February 15, 2007
REHOVOTH, Israel, January 17 /PRNewswire-FirstCall/ -- Nova
Measuring Instruments Ltd. (NASDAQ:NVMI), the market leader in
integrated measurement and process control for the semiconductor
industry, today announced that, in response to indications of
interest, it will extend the original January 15, 2007 deadline for
receiving bids relating to the IP auction until February 15, 2007.
Nova indicated that it has received bids and is in the process of
making a preliminary evaluation. After the final deadline of
February 15, 2007, as indicated previously, the company will
complete the evaluation of all bids and announce the results of the
auction by March 15, 2007. About Nova Nova Measuring Instruments
Ltd. develops, designs and produces integrated process control
systems in the semiconductor manufacturing industry. Nova provides
a broad range of integrated process control solutions that link
between different semiconductor processes and process equipment.
The Company's website is http://www.nova.co.il/. 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,
including statements with respect to the level of interest in the
auction and its potential results. 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. These risks and other
factors include but are not limited to: unforeseen conditions which
could prevent the successful completion of the auction or
successful implementation of our strategy regarding our
intellectual property assets; our dependency on a single integrated
process control product line; the highly cyclical nature of the
markets we target; 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; risks
associated with our dependence on a single manufacturing facility;
our ability to expand our manufacturing capacity or marketing
efforts to support our future growth; our dependency on a small
number of large customers and small number of suppliers; risks
related to our intellectual property; changes in customer demands
for our products; new product offerings from our competitors;
changes in or an inability to execute our business strategy;
unanticipated manufacturing or supply problems; changes in tax
requirements; changes in customer demand for our products 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, 2005
filed with the Securities and Exchange Commission on June 29, 2006.
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:
+972-8-938-7505 E-mail: http://www.nova.co.il/ Investor relations
Contacts: Ehud Helft / Kenny Green GK International Investor
Relations Tel: +1-866-704-6710 E-mail : DATASOURCE: Nova Measuring
Instruments Ltd CONTACT: Company Contact: Dror David, Chief
Financial Officer, Nova Measuring Instruments Ltd., Tel:
+972-8-938-7505, E-mail: , http://www.nova.co.il/; Investor
relations Contacts: Ehud Helft / Kenny Green, GK International
Investor Relations, Tel: +1-866-704-6710, E-mail : ,
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