Nova Receives New Bookings of $5.5M for Stand Alone Optical CD from Three Leading Foundries
October 13 2009 - 6:00AM
PR Newswire (US)
Deliveries Expected to Take Place During the Fourth Quarter of 2009
REHOVOT, Israel, October 13 /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 it has received $5.5 million of Stand Alone Optical
CD bookings from three leading foundries. The orders which were
received in recent weeks, were for Nova's existing Stand Alone
platform, the NovaScan 3090Next, as well as for Nova's new Stand
Alone platform the Nova T500(TM), combined with NovaMARS(R)
software. "This stream of orders is a direct result of our
successful penetration into new customers as well as the
proliferation of our technology into additional Fab areas at
existing customer sites. These orders will enable us to present a
strong finish to a remarkable year in which we have demonstrated
our ability to increase market share in each of the segments we
serve, while significantly improving our cost structure", commented
Gabi Seligsohn, President & CEO at Nova. 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: Investor Relations Contacts: Dror David, Chief
Financial Officer Ehud Helft / Kenny Green Nova Measuring
Instruments Ltd. GK Investor Relations Tel: +972-8-938-7505 Tel:
+1-646-201-9246 E-mail: E-mail: http://www.nova.co.il/ 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 Investor
Relations, Tel: +1-646-201-9246, E-mail:
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