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.
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 www.nova.co.il.
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
Chai Toren, Chief Financial Officer
Nova Measuring Instruments Ltd.
E-mail: email@example.com, firstname.lastname@example.org
SOURCE Nova Measuring Instruments Ltd.