Nova Delivers the T600 Stand Alone Metrology Tool to a Leading Memory Manufacturer in Asia
REHOVOT, Israel, June 20, 2012 /PRNewswire/ --
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, announced today, that a leading memory manufacturer selected Nova's high-end T600 stand alone tool for the development of the next generations of advanced NAND technology. The tool is aimed in assisting the Memory Manufacturer in developing its next generation cutting edge technology in the 1Xnm tech node.
Nova's T600 unique multi-channel configuration features normal and oblique incidence spectroscopic reflectometry that is optimized for best sensitivity on small features and measurement of high-aspect-ratio structures. Combined with the NovaMARS innovative modeling software capabilities, the T600 provides the metrology precision and accuracy as well as application development flexibility needed for the development of most advanced technology nodes.
"We are delighted with this vote of confidence from such a strategic customer. Our growing presence in advanced technology companies provides strong evidence of our technological superiority and our ability to address successfully the challenging demands of most advanced tech nodes. The T600 configuration is built to assist our customers to have quick application turnaround and is suitable for the most challenging development work required in these cases", said Gabi Seligsohn, President and CEO of Nova.
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 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.
Dror David, Chief Financial Officer
Nova Measuring Instruments Ltd.
Investor Relations Contacts:
Ehud Helft / Kenny Green
CCG Investor Relations
SOURCE Nova Measuring Instruments Ltd