REHOVOT, Israel, December 12, 2011 /PRNewswire/ --
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 in Asia recently placed over $7 million orders for its integrated and
standalone metrology tools combined with its NovaMARS modeling
platform. The tools will support manufacturing ramp up in 28nm
technology node and development efforts for both 20nm and 14nm
technology nodes. The company expects to ship the ordered tools
during the current and next quarter.
"We are delighted with this large order from one of our most
strategic customers and see it as a testament for our long term
technological partnership. Our ability to provide leading edge
metrology tools with superior performance and reliability for
advanced 2X and 1X technology nodes, make Nova metrology platforms
the solution of choice for foundry customers. This recent booking
stream is part of a general trend of increased bookings during the
fourth quarter, after a period of weaker demand in previous
quarters", said Gabi Seligsohn,
President and CEO of 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, 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
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; our ability to retain our competitive position despite
the ongoing consolidation in our industry; 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; our dependency on our key
employees; risks related to changes in our order backlog; risks
related to the financial, political and environmental instabilities
that may affect our sales in Asia;
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 31,2010 filed with the
Securities and Exchange Commission on March
30, 2011. 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