REHOVOT, Israel, July 8, 2010 /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 multiple installations of its Nova T500 stand-alone
optical CD metrology tool which are expected to total seven
different customers by the end of the third quarter of 2010. The
company also noted that 5 of these are new stand-alone metrology
customers.
Noam Shintel, Director of Corporate Marketing, commented: "Since
the introduction of the Nova T500, we have focused our penetration
efforts on leading edge memory manufactures and foundries. The
unique capabilities of the Nova T500 provide an excellent
combination of ground breaking throughput and cost of ownership
with cutting edge measurement capabilities. We are thrilled that
this product has won a vote of confidence of as many as 7 leading
edge customers, representing around 70% of the top-20 semiconductor
manufacturers wafer fab equipment spending. We expect these new
installations to lead us to continued growth in our stand-alone
market share, as our customers continue to increase their capacity
and deploy state-of-the-art metrology in advanced semiconductor
manufacturing."
The NOVA T500 is a high throughput high accuracy stand-alone
optical CD platform. It addresses the toughest challenges the
industry faces: increasing metrology sampling, improving metrology
precision and reducing metrology cost of ownership (CoO).
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 two process control product lines; 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; our dependency on OEM suppliers; 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, 2009 filed with the
Securities and Exchange Commission on March
26, 2010. 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: info@nova.co.il
http://www.nova.co.il
Investor Relations Contacts:
Ehud Helft / Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
E-mail: nova@ccgisrael.com
SOURCE Nova Measuring Instruments Ltd