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Nova Receives Multiple Orders for its V2600 Through Silicon Via Metrology System
REHOVOT, Israel, October 9, 2012 /PRNewswire/ --
Nova Measuring Instruments Ltd. (NASDAQ: NVMI), a leading provider of optical
metrology solutions to the semiconductor process control market, reported today that two
major customers ordered its recently launched TSV (Through-Silicon Via) metrology system,
the Nova V2600[TM].
These orders follow a thorough technical evaluation process by customer experts
selecting the Nova V2600 for its unique ability to provide complete three-dimensional
metrology of the TSV for several technology nodes. Profile information, available for the
first time through the use of Nova's patent pending Dark-Field Reflectometry, is
considered critical for properly controlling the etching and insulation steps of TSV
formation. The high-throughput Nova V2600 was selected to support the transition to volume
production of 3D integration with minimal yield loss to TSV electrical failures.
"These orders from two of our top customers, combined with several engagements with
other key customers, strengthen our confidence in the market potential of metrology for 3D
integration. Our customers can now offer their TSV-based products with higher confidence
in the uniformity and reliability of the process," said Eitan Oppenhaim, Executive Vice
President of Global Business at Nova. "The adoption of 3D integration is gated by the need
for very high yield with tight cost controls, and Nova aims to contribute by providing our
signature combination of leading edge metrology and low cost of ownership."
About Nova: Nova Measuring Instruments Ltd. develops, produces and markets advanced
integrated and standalone 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 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; cyber security risks; risks related to open source technologies; our ability to
retain our competitive position despite the ongoing consolidation in our industry; 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; our
dependency on our key employees; risks related to changes in our order backlog; risks
related to the financial, political and environmental instabilities that may affect our
sales in Asia; 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, 2011 filed
with the Securities and Exchange Commission on March 28, 2012. 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.
CONTACT
Company Contact:
Dror David, Chief Financial Officer
Nova Measuring Instruments Ltd.
Tel: +972-73-229-5833
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
Nova Measuring Instruments Ltd
Nova Receives Multiple Orders for its V2600 Through Silicon Via Metrology System
REHOVOT, Israel, October 9, 2012 /PRNewswire/ --
Nova Measuring Instruments Ltd. (NASDAQ: NVMI), a leading provider of optical
metrology solutions to the semiconductor process control market, reported today that two
major customers ordered its recently launched TSV (Through-Silicon Via) metrology system,
the Nova V2600[TM].
These orders follow a thorough technical evaluation process by customer experts
selecting the Nova V2600 for its unique ability to provide complete three-dimensional
metrology of the TSV for several technology nodes. Profile information, available for the
first time through the use of Nova's patent pending Dark-Field Reflectometry, is
considered critical for properly controlling the etching and insulation steps of TSV
formation. The high-throughput Nova V2600 was selected to support the transition to volume
production of 3D integration with minimal yield loss to TSV electrical failures.
"These orders from two of our top customers, combined with several engagements with
other key customers, strengthen our confidence in the market potential of metrology for 3D
integration. Our customers can now offer their TSV-based products with higher confidence
in the uniformity and reliability of the process," said Eitan Oppenhaim, Executive Vice
President of Global Business at Nova. "The adoption of 3D integration is gated by the need
for very high yield with tight cost controls, and Nova aims to contribute by providing our
signature combination of leading edge metrology and low cost of ownership."
About Nova: Nova Measuring Instruments Ltd. develops, produces and markets advanced
integrated and standalone 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 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; cyber security risks; risks related to open source technologies; our ability to
retain our competitive position despite the ongoing consolidation in our industry; 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; our
dependency on our key employees; risks related to changes in our order backlog; risks
related to the financial, political and environmental instabilities that may affect our
sales in Asia; 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, 2011 filed
with the Securities and Exchange Commission on March 28, 2012. 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.
CONTACT
Company Contact:
Dror David, Chief Financial Officer
Nova Measuring Instruments Ltd.
Tel: +972-73-229-5833
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
Nova Measuring Instruments Ltd