Nova Measuring Instruments Ltd Announces the Appointment of Mr. Barry Cox as The Chairman of the Board of the Company

May 19, 2003, 01:00 ET from Nova Measuring Instruments Ltd.

    REHOVOTH, Israel, May 19 /PRNewswire-FirstCall/ --
 Nova Measuring Instruments Ltd. (Nasdaq:    NVMI) today announced the
 appointment of Barry Cox as Chairman of the Board of the company.
     Mr. Barry Cox has been an active contributor to the growth of the
 semiconductor industry since the early 1970s. During his tenure, he has served
 in a wide range of capacities: from engineering at TI, through sales and
 management, including management of Intel Europe in the early Eighties. As
 founder and CEO, president, chairman and director of various companies, Mr.
 Cox has assisted in a number of successful IPO's and mergers, and interfaced
 with numerous VC's and the investment community.
     Mr. Cox just completed two years as Chairman of the Board of MorphICs
 Technology, Inc. Previously, he served as Chairman of the Board of Quantum
 Effect Devices, Inc., as well as CEO of Weitek Corporation and ATEQ
 Corporation. He has also served on the boards of both Photon Dynamics and
 DynaChip Corporation, later acquired by Xilinx.
     "Barry brings with him over thirty years of experience within the
 semiconductor industry, as well as an exceptional understanding of the issues
 facing the sector," says Dr. Giora Dishon, President and CEO of Nova. "His
 experience and guidance as Chairman will be a significant asset to Nova. We
 look forward to a close and successful working relationship with Barry."
 Mr. Cox holds an MBA from Boston University and a BS in Engineering from the
 US Air Force Academy.
     About Nova
     Nova Measuring Instruments Ltd. develops, designs and produces integrated
 process control systems in the semiconductor manufacturing industry.  Nova
 provides a broad range of integrated process control solutions that link
 between different semiconductor processes and process equipment.  The
 Company's website is
     This press release may contain forward-looking statements, including
 statements related to anticipated growth rates, manufacturing capacity and tax
 rate. Actual results may differ materially from those projected due to a
 number of risks, including 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, or
 changes in tax requirements. Nova 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 Form F-1 filed with the Securities and Exchange
 Commission on April 9, 2000. 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
      Company Contact:
      Chai Toren, Chief Financial Officer
      Nova Measuring Instruments Ltd.
      Tel: 972-8-938-7505

SOURCE Nova Measuring Instruments Ltd.