REHOVOT, Israel, Dec. 22, 2020 /PRNewswire/ -- Nova
(Nasdaq: NVMI) today announced a new corporate social
responsibility (CSR) strategy, guided by the Company's values and
aimed to continuously enhance the Company's ethical, social and
environmental performance by embedding social responsibility into
business operations and stakeholder interactions. Nova believes
that the implementation of its new CSR strategy will create a safer
workplace for its employees and partners, improve Nova's impact on
society and position the Company for long-term success.
Nova strives to connect with members of the community in a
supportive and uplifting manner, building on its unique culture in
which employees feel respected, safe, and empowered. The Company is
committed to incorporating social responsibility into its daily
operations and business management, while inviting stakeholders
into its socially responsible ecosystem and holding them to the
highest ethical standards.
The Company's strategy is built on five pillars:
- Diversity:
Expanding organizational cultural diversity by recruiting, training
and promoting diverse and disadvantaged populations.
- Inclusion:
Fostering an inclusive, open minded and accepting environment by
creating mechanisms for self-fulfillment while promoting diverse
multi-disciplinary teams.
- Community
relations: Lifting communities and promoting equality, sense of
belonging and self-worth by providing resources and skill-based
employee volunteering.
- Ethics: Creating an
ethical, safe and motivational workplace for employees, ensuring
their health, privacy and security.
- Environment:
Building a sustainable future by adhering to a clear environmental
policy and standards of transparency.
"In a world heavily impacted by COVID-19, we have a commitment,
now more than ever, to shoulder responsibility and lend a hand to
those in need. Adopting a clear corporate social responsibility
strategy is a natural step in our evolution as a company,
acknowledging the positive impact it can bring to people's lives,"
said Eitan Oppenhaim, President and Chief Executive Officer at
Nova. "In the past year, as part of our effort to support the
community during the global COVID-19 pandemic, we provided partners
with protective personal health supplies, communication equipment
to children battling cancer who were unable to receive visitors due
to quarantine, and monetary contribution to families, individuals
and health organizations. Our offices across the globe supported
local causes for education, equality and health, and we will strive
to enhance these activities post-pandemic, when other challenges
arise."
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 https://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.
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SOURCE Nova