REHOVOT, Israel, January 6, 2011 /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 a leading foundry has accepted its Nova T500
metrology as Process Tool of Record (PTOR) for the 3Xnm technology
node.
"We enter 2011 with a significantly larger standalone customer
base than ever before. This additional adoption of our Nova T500
standalone platform, at the highest end of technology, further
solidifies our position in leading edge semiconductor
manufacturing. We expect this win to generate significant business
in the future as our customer extends the migration to the 3xnm
technology node," said Gabi
Seligsohn, President & CEO of Nova.
About Nova: Nova Measuring Instruments Ltd. develops, produces
and markets advanced integrated and standalone 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: +1-972-8-938-7505
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