REHOVOT, Israel, Oct. 7, 2020 /PRNewswire/ -- Nova (Nasdaq:
NVMI) announced today that one of the world's top Memory
manufacturers recently selected Nova's leading-edge optical
metrology solution, NovaPRISM™, for its most advanced Memory
fabrication sites. Following the selection, the company expects to
deliver multiple tools to multiple sites throughout 2021.
The selection followed an extensive competitive evaluation for
the customer's advanced technology nodes for high-end process
steps. Nova's solution was selected due to its unique offering that
combines advanced optical metrology hardware with cutting-edge
modeling and machine learning solutions, resulting in better
metrology performance and overall faster time-to-solution.
As chip architecture advances to meet performance demand, Memory
manufacturers face multiple challenges created by new design rules
in advanced technology generations. These challenges impose tight
process tolerances, require in-die measurement and create the need
for faster time-to-solution to enable high-volume-manufacturing.
The NovaPRISM™ is designed to meet these challenges using its
advanced capabilities powered by Nova's Spectral Interferometry
technology, which enables the platform to decorrelate parameters in
complex apps and presents unique sensitivity beyond the existing
Optical CD technics.
"Manufacturing challenges today require a synergistic and
innovative approach where hardware, software and deep technologies
come together to deliver fast, precise and robust solutions,"
stated Mr. Gabriel Waisman, Nova's
Chief Business Officer. "This selection coincides with a recent
successful implementation and acceptance of NovaPRISM™
by another AI Logic customer," added Mr. Gabriel Waisman. "These recent wins are a
testament to our success in providing cutting-edge and unique
solutions to our partners as they progress from R&D to HVM
stages."
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 enables 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 & 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
View original
content:http://www.prnewswire.com/news-releases/novaprism-selected-by-leading-global-memory-manufacturer-301147575.html
SOURCE Nova