REHOVOT, Israel, Oct. 12, 2021 /PRNewswire/ -- Nova
(Nasdaq: NVMI) announced today that a leading multinational
logic manufacturer recently selected the Nova VERAFLEX IV for its
next-generation IC development. The Company expects that global
growth in the manufacturer's production capacity and the transition
to advanced nodes will spur worldwide implementation of Nova's
materials metrology platform.
Nova VERAFLEX® IV, the industry standard for non-destructive
X-ray photoelectron spectroscopy, was selected due to its unique
value in materials and thin-film measurements for advanced process
control. The unique combination of proprietary hardware and
advanced software enables Nova VERAFLEX® IV to measure the most
complex 3D logic devices, which combine new architectures with new
innovative materials compositions. Designed to address the
challenging metrology requirements, precise sub-angstrom thickness
and composition measurements can now be resolved inline and closer
to the process.
"Since its launch in 2021,
the latest generation of the VERAFLEX® platform is gaining
increasing traction across customers and segments," stated Mr.
Eitan Oppenhaim, Nova's president and CEO. "This major selection by
one of the world's leading semiconductor manufacturers serves as
further evidence of our innovative leadership and evolving position
in the growing segment of materials engineering for advanced 3D
devices."
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 the Nova Website Link - https://www.novami.com/.
Nova is traded on Nasdaq & TASE, Nasdaq ticker 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:
Dror
David, Chief Financial Officer
Tel: +972-73-229-5760
E-mail: investors@novami.com
Nova Website Link - https://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