Nova Receives over 12 Million Dollar Orders for Accelerated 2X nanometer Production Ramp up from Several Customers
REHOVOT, Israel, March 12, 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 several leading foundries around the globe recently placed over 12 million dollar orders in aggregate, for its integrated and stand alone metrology products as part of their 2Xnm manufacturing ramp up.
The various orders include a portfolio of Nova's most advanced products, to support the complicated process challenges and shrinking geometries. As part of these orders Nova will supply its newest platform models, the latest generation of NovaMARS® modeling software as well as extended capabilities over the existing fleet. The tools will support the manufacturing ramp up in several process steps including CMP and etch. The company expects to ship the tools during the current and next quarters.
"Our long term commitment to our customers requires that we provide them with both new tools as well as extended capabilities of existing products to protect their previous investments in our products. We are proud to be part of the industry's accelerated movement towards high volume production in the 2Xnm technology node. Our close relations with leading customers, constantly focusing on their future needs, coupled with our proven capability to support steep ramp ups, are clearly paying off. We proved once again that our fleet extendibility, combined with new tools and new capabilities, is the best formula to meet our customers' challenges and return on investment requirements," 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; 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 31,2010 filed with the Securities and Exchange Commission on March 30, 2011. 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