REHOVOT, Israel, May 31, 2018 /PRNewswire/ --
Nova (Nasdaq: NVMI), a leading innovator and a key
provider of metrology solutions for advanced process control used
in semiconductor manufacturing, announced that a major memory
customer in Asia recently placed
multiple orders for its newest and most advanced X-Ray metrology
solution.
The orders are for Nova's new VeraFlex III+ XF, the fifth
generation in-line X-Ray photoelectron spectroscopy (XPS) metrology
tool. The new platform embeds an innovative hardware design that
allows customers to improve sensitivity, precision and overall
system productivity in a wide range of applications in both Memory
and Logic/Foundry. The newly ordered tools will be installed in the
customer's most advanced DRAM and 3D-NAND fabrication nodes for
film thickness and composition measurements.
Nova expects more than $20 million
in aggregate business from this customer over the next twelve
months, with shipments beginning in the second quarter of 2018.
"We are very proud of this achievement, which solidifies our
position in the Materials Metrology space and is a result of the
growing adoption of our in-line XPS platform with leading memory
customers," said Adrian Wilson,
General Manager of the Materials Metrology Division of Nova.
"Following this win, we expect additional orders resulting from a
combination of new applications development and an increase in our
customer's manufacturing capacity."
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 in 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 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 technology security threats and
changes in privacy laws; 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,
2017 filed with the Securities and Exchange Commission on
February 28, 2018. 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
www.novameasuring.com
Investor Relations Contact:
Miri Segal
MS-IR LLC
Tel: +917-607-8654
E-mail: msegal@ms-ir.com
SOURCE Nova