Nova Appoints Avi Cohen to its Board of Directors
February 19 2008 - 7:30AM
PR Newswire (US)
REHOVOT, Israel, February 19 /PRNewswire-FirstCall/ -- Nova
Measuring Instruments Ltd. (NASDAQ:NVMI) provider of leading edge
stand-alone metrology and the market leader of integrated metrology
solutions to the semiconductor process control market, announced
that Mr. Avi Cohen has been appointed to its Board of Directors,
effective immediately. Mr. Cohen's career includes more than 27
years of business management experience in high technology firms.
Mr. Cohen is currently the Chief Operating Officer and Deputy to
the CEO at ECI Telecom Ltd. Prior to joining ECI in 2006, Mr. Cohen
served in a variety of management positions at KLA-Tencor including
President of KLA-Tencor Israel as well as a Group Vice President,
Corporate Officer and Member of the Executive Management Committee.
During his tenure, he successfully led the creation of KLA-Tencor's
global Metrology Group. Before joining KLA-Tencor, Mr. Cohen also
spent three years as Managing Director of Octel Communications,
Israel, after serving as founder and CEO of Allegro Intelligent
Systems. "We are excited to have Avi join the board of Directors.
Avi's many years of experience in the process control and metrology
markets will be a great addition to the board," said Michael
Brunstein, Chairman of the Board. "We are looking forward to
enjoying Avi's contribution at the board, Said Gabi Seligsohn,
President and CEO of Nova. "Having a diverse executive background,
Avi brings a unique combination that is sure to be leveraged at the
board, as we continue on our growth path and penetration into more
segments of the semiconductor process control market." About Nova
Nova Measuring Instruments Ltd. develops, produces and markets
advanced integrated and stand alone metrology solutions for the
semiconductor manufacturing industry. Nova is traded on the NASDAQ
& TASE under the symbol NVMI. 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, such as statements regarding
trends, demand for our products, expected deliveries, transaction,
expected revenues, operating results, earnings 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. These risks and other factors include but are not
limited to: 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, 2006
filed with the Securities and Exchange Commission on May 11, 2007.
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 Investor Relations Tel:
+1-646-201-9246 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: ;
Investor Relations Contacts: Ehud Helft / Kenny Green, GGK Investor
Relations, Tel: +1-646-201-9246, E-mail:
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