REHOVOT, Israel, April 7 /PRNewswire-FirstCall/ -- Nova Measuring Instruments Ltd. (Nasdaq: NVMI) announced that revenues for the first quarter of 2004 will grow between 12-14% sequentially and between 90-93% compared to the first quarter of 2003. For the second quarter of 2004, the Company expects revenue growth of between 4-14% growth sequentially, based on overall trends in the industry and a growth in the backlog for the Company's products. Orders and revenues in the first quarter of 2004 were typified by the continuation of the 200mm retrofit trend and by a significant increase of sales of the copper CMP systems along with the ramp up of the new 300mm lines. As the Company indicated in its February 2004 conference call, it expects to see this significant trend of 200mm retrofits and upgrades to continue throughout this year along with continuation of sales of the Optical CD systems -- stand-alone and Integrated Metrology. Final results for the first quarter 2004 will be discussed during the company's scheduled conference call on May 13, 2004. Dr. Giora Dishon, President & CEO of Nova Measuring Instruments, said, "We are pleased that we expect to meet or exceed our plans and expectations in all areas. We believe this trend will continue in the current quarter and will include: additional 200mm upgrades and retrofits, an accelerated level of expanding existing 300mm lines especially in the Asia Pacific region, more copper/low-K CMP penetration to 90nm manufacturing and Optical CD use in production." About Nova Nova Measuring Instruments Ltd. (Nasdaq: NVMI) develops, designs and produces integrated process control systems for the semiconductor manufacturing industry. Nova provides a broad range of integrated process control solutions that link different semiconductor processes and process equipment. The Company's website is www.nova.co.il. Company Contact: Investor relations Contacts: Chai Toren, CFO and Vice President Ehud Helft / Kenny Green Nova Measuring Instruments Ltd. Gal IR International Tel: 972-8-938-7505 Tel: 1-866-704-6710 E-mail: firstname.lastname@example.org E-mail: Ehud.Helft@galir.com http://www.nova.co.il Kenny.Green@galir.com
SOURCE Nova Measuring Instruments Ltd.