REHOVOT, Israel, September 27, 2017 /PRNewswire/ --
Nova (Nasdaq: NVMI), a leading innovator and a key
provider of metrology solutions for advanced process control used
in semiconductor manufacturing, announced today that its most
advanced XPS platform was selected by the world's leading Foundry
for inline applications to be deployed in its advanced technology
nodes. Revenue from this order is expected to be recognized during
the third quarter of 2017.
The VeraFlex III XF is the latest generation of the VF XPS
series, which offers superior sensitivity to sub-angstrom thickness
and composition characterization used for monitoring critical
processes such as atomic layer deposition (ALD) at the most
advanced Logic nodes.
The VeraFlex product family of in-line XPS metrology tools is a
critical component to almost every semiconductor manufacturer's
process control strategy as they advance to more complex
structures. With ever-improving productivity, precision and
sensitivity, the VeraFlex III is increasingly being utilized in
more production lines, adding more applications for both thickness
and composition measurement steps.
"The selection of VeraFlex III XF by this customer highlights
the value XPS brings to advanced process control in our customers'
highly scaled technology nodes," said Glyn Davies, Executive Vice
President and Nova's Materials Metrology Division General Manager.
"This new order offers yet more proof of our position as the
leading provider of X-ray metrology solutions to semiconductor
customers. We are excited by the progress made this year with both
leading Memory and Foundry customers, which supports our strategy
to increase XPS inline metrology steps and expand the overall
available market."
About Nova:
Nova delivers continuous innovation by providing advanced
metrology solutions for the semiconductor manufacturing industry.
Deployed with the world's largest integrated-circuit manufacturers,
Nova's products deliver state-of-the-art, high-performance
metrology solutions for effective process control throughout the
semiconductor fabrication lifecycle. Nova's product portfolio,
which combines high-precision hardware and cutting-edge software,
supports the development and production of the most advanced
devices in today's high-end semiconductor market. Nova's technical
innovation and market leadership enable customers to improve
process performance, enhance products' yields and accelerate time
to market. Nova acts as a partner to semiconductor manufacturers
from its offices around the world. Additional information may be
found at http://www.novameasuring.com.
Nova is traded on the NASDAQ & TASE under the symbol
NVMI.
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, but are
not limited to, anticipated growth opportunities and projections
about our business and its future revenues, expenses 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. Factors that may affect our results,
performance, circumstances or achievements include, but are not
limited to, the following: our dependency on three product lines;
our dependency on a small number of large customers and small
number of suppliers; the highly cyclical and competitive nature of
the markets we target and we operate in; 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 ability to recognize the benefits of
ReVera acquisition and risks that the acquisition may disrupt
current plans and operations and impact relationships with
customers, distributors and suppliers; our dependency on PEMs;
risks related to exclusivity obligations and non-limited liability
that may be included in our commercial agreements and arrangements;
our ability to retain our competitive position despite the ongoing
consolidation in our industry; risks related to our dependence on
our manufacturing facilities; risks related to changes in our order
backlog; risks related to efforts to complete and integrate current
and/or future acquisitions; risks related to the worldwide
financial instabilities; risks related to our intellectual
property; new product offerings from our competitors; unanticipated
manufacturing or supply problems; risks related to government
programs we participate in; risks related to taxation; changes in
customer demand for our products; risks related to currency
fluctuations, risks related to acquisitions we may pursue 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,
2016 filed with the Securities and Exchange Commission on
March 3, 2017. 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: +972-73-229-5760
E-mail: info@novameasuring.com
http://www.novameasuring.com
Investor Relations Contacts:
Hayden/ MS-IR LLC
Miri Segal
Tel: +917-607-8654
E-mail: msegal@ms-ir.com
Or
Brett Maas
Tel: +646-536-7331
E-mail: brett@haydenir.com
SOURCE Nova Measuring Instruments Ltd.