Nova Receives New Bookings of $2M for First Phase Capacity Expansion

Published November 10th, 2009 - 01:21 GMT

  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, today
announced that it has received new bookings totaling $2M for several
integrated metrology units, to support a first phase of large scale capacity
expansion at a leading memory manufacturing site. These tools will support
the introduction of memory chips at technology nodes of 40nm and below.

 

    "As stated in our recent quarterly conference call, the last
few quarters have been characterized by technology migration of existing
capacity. We are now clearly entering the second phase of recovery where our
customers are moving forward and increasing capacity to support the need for
high end devices. These orders clearly signal an additional step up in
business activity, and given recent customer announcements, we expect this
trend to continue in the coming quarters", commented Gabi Seligsohn,
President & CEO at Nova.

 

    The Company expects to complete the shipment of these tools by
the end of the first quarter of 2010.

 

    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,
transactions, 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: unanticipated consequences of the global
economic crisis, our dependency on a single integrated process control
product line; 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; 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; 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 31,2008
filed with the Securities and Exchange Commission on March 30, 2009. 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.


 


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