REHOVOT, Israel, April 2, 2019 /PRNewswire/ -- Nova
(Nasdaq: NVMI) today announced that a leading global Memory
manufacturer recently selected its latest X-Ray materials metrology
solution for high volume manufacturing in its advanced fabrication
lines. This win adds a new name to our growing materials metrology
customer base and solidifies Nova's unique leadership position for
materials metrology in the Memory segment. The company expects to
recognize initial revenues from this win in the first quarter of
2019 and forecasts additional orders throughout 2019 as the
customer expands the solution to additional applications and
sites.
The selection is for Nova's new VeraFlex III+ XF, the latest
generation of in-line X-ray photoelectron spectroscopy (XPS)
metrology solution, which combines additional X-ray florescence
(XRF) capability. The advanced platform embeds an innovative HW
design to provide customers with maximum flexibility to improve
sensitivity, precision and overall system productivity for a wide
application range in advanced Memory nodes.
"We are committed to provide the world's largest IC
manufacturers with tools that enable unique performance of the
highest degree" said Adrian Wilson,
General Manager of the Materials Metrology Division of Nova. "We
are very proud that our in-line XPS platform has now become a tool
of record in all major leading Memory customers, allowing them to
solve growing process challenges resulting from the introduction of
new materials engineering techniques. Our advanced X-Ray
capabilities for composition and thickness intersect our customers
growing investment in breakthrough materials to enhance device
performance beyond traditional architectural enhancements."
About Nova: Nova is a leading innovator and key
provider of metrology solutions for advanced process control used
in semiconductor manufacturing. Nova delivers continuous innovation
by providing state-of-the-art high-performance metrology solutions
for effective process control throughout the semiconductor
fabrication lifecycle. Nova's product portfolio, which combines
high-precision hardware and cutting-edge software, provides its
customers with deep insight into the development and production of
the most advanced semiconductor devices. Nova's unique capability
to deliver innovative X-ray and Optical solutions enable its
customers to improve performance, enhance product yields and
accelerate time to market. Nova acts as a partner to semiconductor
manufacturers from its offices around the world. Additional
information may be found at www.novami.com.
Nova is traded in NASDAQ & TASE under the symbol NVMI.
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, but are not
limited to, anticipated growth opportunities and projections about
our business and its future revenues, expenses 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. Factors that may affect our results, performance,
circumstances or achievements include, but are not limited to, the
following: our dependency on three product lines; our dependency on
a small number of large customers and small number of suppliers;
the highly cyclical and competitive nature of the markets we target
and we operate in; 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 PEMs; risks related to exclusivity obligations
and non-limited liability that may be included in our
commercial agreements and arrangements; our ability to retain our
competitive position despite the ongoing consolidation in our
industry; risks related to our dependence on our manufacturing
facilities; risks related to changes in our order backlog; risks
related to efforts to complete and integrate current and/or future
acquisitions; risks related to the worldwide financial
instabilities; risks related to our intellectual property; new
product offerings from our competitors; unanticipated manufacturing
or supply problems; risks related to government programs we
participate in; risks related to taxation; changes in customer
demand for our products; risks related to currency fluctuations;
risks related to technology security threats and changes in privacy
laws; risks related to acquisitions we may pursue 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, 2018 filed with the
Securities and Exchange Commission on February 28, 2019. 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.
Company Contact:
Dror David, Chief Financial
Officer
Nova Measuring Instruments Ltd.
Tel: +972-73-229-5760
E-mail: info@novami.com
www.novami.com
Investor Relations Contact:
Miri Segal
MS-IR LLC
Tel: +917-607-8654
E-mail: msegal@ms-ir.com
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SOURCE Nova