REHOVOT, Israel, Sept. 15, 2020 /PRNewswire/ -- Nova
(Nasdaq: NVMI) announced today that it will expand its
production and development capabilities with a new state-of-the-art
clean room in Israel. Following a
recent move to new offices, Nova is now in the process of
constructing a highly advanced clean room facility that will
support the company's advanced technologies and continuous growth.
The new facility will extend Nova's current production capabilities
beyond its current clean rooms in Israel and USA and follows the recent opening of a new
site in Fremont, CA. The new clean
room will become operational in late 2022.
The new clean room facility is planned for manufacturing Nova's
most advanced platforms by utilizing state-of-the-art production
methods, including industry 4.0 elements and high levels of
automation. As part of Nova's corporate social responsibility, the
construction will support high sustainability standards.
"The new clean room is planned to be both user and
environmentally friendly," says Gabi
Sharon, COO at Nova. "It will be built as an energy
efficient site and will meet the highest industry standards for a
safe, smart work environment. The new facility will allow Nova to
meet the continuous demand for our diversified portfolio and new
technologies while implementing cutting-edge production
methods."
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 www.novami.com.
Nova is traded on NASDAQ and 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 worldwide financial and economic instabilities,
including the implications of the ongoing novel coronavirus
(COVID-19) pandemic; 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 ,
including data breaches, cyberattacks and system disruptions, 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, 2019 filed with the Securities and
Exchange Commission on March 12,
2020. 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@novami.com
www.novami.com
Investor Relations Contact:
Miri Segal
MS-IR LLC
Tel: +917-607-8654
E-mail: msegal@ms-ir.com
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SOURCE Nova