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Nova Announces Multiple Installations of its Stand-Alone Metrology Tool
Current and Expected Installations of the Nova T500 Will Reach 7 Different Customers by the End of the Third Quarter
REHOVOT, Israel, July 8, 2010-- Nova Measuring Instruments Ltd. (NASDAQ: NVMI) provider of
leading edge stand-alone metrology and the market leader of integrated
metrology solutions to the semiconductor process control market, today
announced multiple installations of its Nova T500 stand-alone optical CD
metrology tool which are expected to total seven different customers by the
end of the third quarter of 2010. The company also noted that 5 of these are
new stand-alone metrology customers.
Noam Shintel, Director of Corporate Marketing, commented:
"Since the introduction of the Nova T500, we have focused our penetration
efforts on leading edge memory manufactures and foundries. The unique
capabilities of the Nova T500 provide an excellent combination of ground
breaking throughput and cost of ownership with cutting edge measurement
capabilities. We are thrilled that this product has won a vote of confidence
of as many as 7 leading edge customers, representing around 70% of the top-20
semiconductor manufacturers wafer fab equipment spending. We expect these new
installations to lead us to continued growth in our stand-alone market share,
as our customers continue to increase their capacity and deploy
state-of-the-art metrology in advanced semiconductor manufacturing."
The NOVA T500 is a high throughput high accuracy stand-alone
optical CD platform. It addresses the toughest challenges the industry faces:
increasing metrology sampling, improving metrology precision and reducing
metrology cost of ownership (CoO).
About Nova: Nova Measuring Instruments Ltd. develops, produces
and markets advanced integrated and stand alone metrology solutions for the
semiconductor manufacturing industry. Nova is traded on the NASDAQ & TASE
under the symbol NVMI. The Company's website is http://www.nova.co.il.
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 trends, demand for our products, expected deliveries, transaction,
expected revenues, operating results, earnings 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. These risks and other factors include
but are not limited to: our dependency on two process control product lines;
the highly cyclical nature of the markets we target; 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 OEM suppliers; risks associated with our dependence on a single
manufacturing facility; our ability to expand our manufacturing capacity or
marketing efforts to support our future growth; our dependency on a small
number of large customers and small number of suppliers; risks related to our
intellectual property; changes in customer demands for our products; new
product offerings from our competitors; changes in or an inability to execute
our business strategy; unanticipated manufacturing or supply problems;
changes in tax requirements; changes in customer demand for our products;
risks related to currency fluctuations 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, 2009 filed with
the Securities and Exchange Commission on March 26, 2010. 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: +972-8-938-7505
E-mail: info@nova.co.il
http://www.nova.co.il
Investor Relations Contacts:
Ehud Helft / Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
E-mail: nova@ccgisrael.com
Source: Nova Measuring Instruments Ltd
Company Contact: Dror David, Chief Financial Officer, Nova Measuring Instruments Ltd., Tel: +972-8-938-7505, E-mail: info@nova.co.il; Investor Relations Contacts: Ehud Helft / Kenny Green, CCG Investor Relations, Tel: +1-646-201-9246, E-mail: nova@ccgisrael.com
Nova Announces Multiple Installations of its Stand-Alone Metrology Tool
Current and Expected Installations of the Nova T500 Will Reach 7 Different Customers by the End of the Third Quarter
REHOVOT, Israel, July 8, 2010-- Nova Measuring Instruments Ltd. (NASDAQ: NVMI) provider of
leading edge stand-alone metrology and the market leader of integrated
metrology solutions to the semiconductor process control market, today
announced multiple installations of its Nova T500 stand-alone optical CD
metrology tool which are expected to total seven different customers by the
end of the third quarter of 2010. The company also noted that 5 of these are
new stand-alone metrology customers.
Noam Shintel, Director of Corporate Marketing, commented:
"Since the introduction of the Nova T500, we have focused our penetration
efforts on leading edge memory manufactures and foundries. The unique
capabilities of the Nova T500 provide an excellent combination of ground
breaking throughput and cost of ownership with cutting edge measurement
capabilities. We are thrilled that this product has won a vote of confidence
of as many as 7 leading edge customers, representing around 70% of the top-20
semiconductor manufacturers wafer fab equipment spending. We expect these new
installations to lead us to continued growth in our stand-alone market share,
as our customers continue to increase their capacity and deploy
state-of-the-art metrology in advanced semiconductor manufacturing."
The NOVA T500 is a high throughput high accuracy stand-alone
optical CD platform. It addresses the toughest challenges the industry faces:
increasing metrology sampling, improving metrology precision and reducing
metrology cost of ownership (CoO).
About Nova: Nova Measuring Instruments Ltd. develops, produces
and markets advanced integrated and stand alone metrology solutions for the
semiconductor manufacturing industry. Nova is traded on the NASDAQ & TASE
under the symbol NVMI. The Company's website is http://www.nova.co.il.
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 trends, demand for our products, expected deliveries, transaction,
expected revenues, operating results, earnings 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. These risks and other factors include
but are not limited to: our dependency on two process control product lines;
the highly cyclical nature of the markets we target; 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 OEM suppliers; risks associated with our dependence on a single
manufacturing facility; our ability to expand our manufacturing capacity or
marketing efforts to support our future growth; our dependency on a small
number of large customers and small number of suppliers; risks related to our
intellectual property; changes in customer demands for our products; new
product offerings from our competitors; changes in or an inability to execute
our business strategy; unanticipated manufacturing or supply problems;
changes in tax requirements; changes in customer demand for our products;
risks related to currency fluctuations 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, 2009 filed with
the Securities and Exchange Commission on March 26, 2010. 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: +972-8-938-7505
E-mail: info@nova.co.il
http://www.nova.co.il
Investor Relations Contacts:
Ehud Helft / Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
E-mail: nova@ccgisrael.com
Source: Nova Measuring Instruments Ltd
Company Contact: Dror David, Chief Financial Officer, Nova Measuring Instruments Ltd., Tel: +972-8-938-7505, E-mail: info@nova.co.il; Investor Relations Contacts: Ehud Helft / Kenny Green, CCG Investor Relations, Tel: +1-646-201-9246, E-mail: nova@ccgisrael.com