REHOVOT, Israel, March 12, 2012 /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, announced today, that several leading foundries around the
globe recently placed over 12 million
dollar orders in aggregate, for its integrated and stand
alone metrology products as part of their 2Xnm manufacturing ramp
up.
The various orders include a portfolio of Nova's most advanced
products, to support the complicated process challenges and
shrinking geometries. As part of these orders Nova will supply its
newest platform models, the latest generation of
NovaMARS® modeling software as well as extended
capabilities over the existing fleet. The tools will support the
manufacturing ramp up in several process steps including CMP and
etch. The company expects to ship the tools during the current and
next quarters.
"Our long term commitment to our customers requires that we
provide them with both new tools as well as extended capabilities
of existing products to protect their previous investments in our
products. We are proud to be part of the industry's accelerated
movement towards high volume production in the 2Xnm technology
node. Our close relations with leading customers, constantly
focusing on their future needs, coupled with our proven capability
to support steep ramp ups, are clearly paying off. We proved once
again that our fleet extendibility, combined with new tools and new
capabilities, is the best formula to meet our customers' challenges
and return on investment requirements," 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: +972-73-229-5833
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