Leading Foundry Selects Nova as Provider of Optical CD for 22/32nm Technology Nodes
September 29 2009 - 6:00AM
PR Newswire (US)
Company Expects to Receive Several Tool Orders in Coming Quarters
REHOVOT, Israel, September 29 /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, today
announced that its NovaT500(TM) and NovaMARS(R) have been selected
as the metrology solution of record for both the 22nm and 32nm
technology nodes, at one of the world's leading foundries. The
selection defines Nova as the sole provider of Stand Alone Optical
CD metrology for both back end and front end of line applications
including Lithography, Etch, CMP and advanced thin film
applications. The Company expects to receive several stand alone
tool orders in the coming quarters. "The selection of Nova's
metrology solution by one of the world's technology leaders is
clear recognition of the technology leadership we have attained in
the stand alone Optical CD market over the past few years. Our
solution was evaluated against competing technologies over the past
12 months in the most advanced and challenging development
environments and was able to cope with the most complicated next
generation applications across several key areas of the fab",
commented Dr. Boaz Brill, VP Technology Development at Nova.
"Winning the support of this particular customer, who is known as a
technology leader and an industry benchmark, is of huge strategic
value to the Company. With this third major foundry win we further
expand our reach into this growing segment, an area where most
capital spending is expected to continue in the coming years",
commented Gabi Seligsohn, President & CEO at Nova. The NovaT500
provides extremely high throughput of 250 Wafers Per Hour (13
measurement sites). Based on Nova's patented Normal Incidence
Spectral Reflectometry, the NovaT500 redesigned optics improve
metrology precision by 30% over current generation NovaScan
3090Next. This flexible platform allows up to three Measurement
Units to be installed on the same tool, providing an easy and cost
effective path to upgrades as well as adding other metrology
capabilities as they become available. Combined with NovaMARS,
advanced application development software, the NovaT500 has the
ability to measure fine profile parameters on complex 3D test
structures as well as in the device. 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, transactions,
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: unanticipated consequences of the global economic
crisis, 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; risks related to
currency fluctuations; 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 31,2008 filed with the Securities and Exchange
Commission on March 30, 2009. 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, GK Investor
Relations, Tel: +1-646-201-9246, E-mail:
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