REHOVOT, Israel, Jan. 28, 2021 /PRNewswire/ -- Nova
(NASDAQ: NVMI) announced today that it received multiple
orders from multiple leading Logic and Foundry customers for its
most advanced materials metrology solutions. The recent wins
mark Nova's increased penetration into the leading industry
manufacturers and cement Nova's position as a materials metrology
leader. The combined orders represent more than $23 million in revenue.
The recent orders are for Nova's VERAFLEX® materials
metrology platform, which provides breakthrough thin-film thickness
and composition process control technology for both current and
emerging process technology nodes. As part of these orders, Nova
will also deliver its latest X-ray platform, Nova
VERAFLEX® IV, which offers substantial throughput
improvement while maintaining precision performance, and extends
the targeted production in-die application range.
Nova's materials metrology portfolio allows customers to
overcome the emerging complex challenges driven by new materials
used in advanced Logic and Memory devices. Challenges like
composition, ultra-thin film measurement, stress, strain, and
materials composition profiles are becoming in-line and in-die
requirements for every advanced wafer fabrication site. Nova's
cutting-edge Optical and X-ray solutions address these challenges
by providing a unique hardware and software portfolio. These
innovative methods are nondestructive and enable fast measurements
required for in-die process control schemes.
"Our solutions support the advancement of the leading edge
semiconductor roadmap," said Eitan Oppenhaim, Nova's President and
CEO. "The accelerated rate of innovation in chip design continues
to evolve into a new array of requirements in process control. New
generations of semiconductors, which combine both new architectural
designs and new materials, drive process complexity. We firmly
believe that the future of metrology involves a tight synergy
between dimensional and materials metrology, and Nova's innovative
portfolio drives this vision. We expect to capitalize on
significant materials metrology opportunities in the coming years
as our customers increase usage of materials engineering to advance
performance."
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 most advanced semiconductor
devices' development and production. 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. Find additional information at
https://www.novami.com/.
Nova is traded on 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 worldwide financial and economic instabilities,
including the implications of the ongoing novel coronavirus
(COVID-19) pandemic; 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 ,
including data breaches, cyberattacks and system disruptions, 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, 2019 filed with the Securities and
Exchange Commission on March 12,
2020. 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
https://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