REHOVOT, Israel, September 5, 2018 /PRNewswire/ --
Nova (NASDAQ: NVMI) announced
today that a major foundry recently placed an order for its
VeraFlex advanced X-Ray metrology solution for 5nm technology
node.
Nova's solution utilizes X-ray Photoelectron Spectroscopy (XPS)
to simultaneously measure composition and thickness of complex film
stacks through the fabrication process. The integration of these
film stacks is significantly more complicated than previous nodes
both in terms of the materials used and their multi-layer
composition, requiring sophisticated process control to minimize
device variation. The VeraFlex product portfolio provides the
requisite sensitivity and precision needed for these challenging
measurements.
As a result of this selection, Nova expects more than
$12 million in aggregate business
from this customer across 2018 and 2019.
"We are excited about this selection which confirms the
applicability of our technology for 5nm and emphasizes the growing
need for advanced materials metrology solutions in advanced nodes,"
said Adrian Wilson, General Manager
of Nova's Materials Metrology Division. "In order to achieve better
performance in smaller devices, our Logic customers are required to
modify their materials strategy beyond the traditional
architectural changes. These innovative developments increase the
need for Materials control and our available market accordingly. We
look forward to additional orders as 5nm moves into volume
production and further applications are qualified."
About Nova: Nova is a leading innovator and key provider
of metrology solutions for advanced process control used in
semiconductor manufacturing. Nova delivers continuous innovation by
providing 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, provides its customers with
deep insight into the development and production of the most
advanced semiconductor devices. Nova's unique capability to deliver
innovative X-ray and Optical solutions enable its customers to
improve performance, enhance product 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.novami.com
Nova is traded on 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
http://www.novami.com
Investor Relations Contact:
Miri Segal
MS-IR LLC
Tel: +917-607-8654
E-mail: msegal@ms-ir.com
SOURCE Nova