REHOVOT, Israel, Aug. 2, 2021 /PRNewswire/ -- Nova (Nasdaq:
NVMI), announced today that it changed its legal name from c
to Nova. Following the company expansion driven by several
growth engines, the Company believes the previous name no longer
represents its technology portfolio and diversified offerings. The
Company is retaining its NVMI ticker symbol and its
Process Insight® tagline.
"We recently announced our NOVA500 strategic plan to organically
grow our annual revenue to more than $500
million," said Eitan Oppenhaim, Nova's President and CEO.
"As we continue our journey towards realizing this plan, based on
our unique and differentiated portfolio that combines several
technologies as well as an evolving integration of hardware and
software, we believe our new company name expresses better our
evolving identity and diversified growth
ambitions."
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 https://www.novami.com/.
Nova is traded on NASDAQ & TASE under the symbol NVMI.
Forward looking statement:
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 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: catastrophic events such as the outbreak of
COVID-19; increased information technology security threats and
sophisticated computer crime; foreign political and economic risks;
changes in U.S. trade policies; inability to protect intellectual
property; open source technology exposure; failure to compete
effectively or to respond to the rapid technological changes;
consolidation in our industry; difficulty to predict the length and
strength of any downturn or expansion period of the market we
target; factors that adversely affect the pricing and demand for
our product lines; dependency on a small number of large customers;
dependency on a single manufacturing facility per product line;
dependency on a limited number of suppliers; lengthy sales cycle
and customer delays in orders; political, economic, and military
instability in Israel; risks
related to our convertible notes; currency fluctuations; and
quarterly fluctuations in our operating results. 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, 2020 filed with the
Securities and Exchange Commission on March
1, 2021. These factors are updated from time to time through
the filing of reports and registration statements with the
Securities and Exchange Commission. Nova Ltd. does not assume any
obligation to update the forward-looking information contained in
this press release.
Company
Contact:
|
Investor Relations
Contact:
|
Dror David, Chief
Financial Officer
|
Miri Segal
|
Nova Ltd.
|
MS-IR LLC
|
Tel:
+972-73-229-5760
|
Tel:
+917-607-8654
|
E-mail:
info@novami.com
|
E-mail:
msegal@ms-ir.com
|
https://www.novami.com/
|
|
View original
content:https://www.prnewswire.com/news-releases/nova-modifies-its-name-to-match-long-term-strategy-301345953.html
SOURCE Nova