REHOVOT, Israel, July 12,
2022 /PRNewswire/ -- Nova
(NASDAQ: NVMI) announced today that a leading logic
manufacturer recently selected Nova METRION® for
next-generation Integrated Circuit (IC) development. This recent
deal is part of the Company's long-term collaboration agreement
with the customer to establish a full suite of Nova's materials
metrology portfolio for future device development. The customer
previously installed a broad range of Nova's advanced solutions,
including Nova ELIPSON™ and Nova VERAFLEX®.
Nova METRION® is expected to replace traditional
lab-based SIMS (secondary ion mass spectrometry) measurements,
providing a depth profile of materials composition in
next-generation devices. The system is designed from the ground up
for a high-volume manufacturing environment. Nova
METRION® provides quantitative and actionable results
with high-depth resolution and precision. This breakthrough
technology enables advanced process control of complex and critical
multilayer films.
"We are delighted with this close partnership that keeps
yielding breakthrough solutions for logic manufacturing. Nova is
unique in its ability to bridge the chasm between lab and fab
environments, which is becoming a critical factor in enabling
next-generation device manufacturing," said Eitan Oppenhaim,
President and Chief Executive Officer of Nova. "As production
becomes more challenging than ever before, our advanced platforms
allow customers to address the increasing need for process control.
With multiple Nova METRION® systems installed by various
customers, we are advancing well towards establishing a new method
of measuring material profiles in high-volume manufacturing."
The company expects to recognize revenues from this selection by
the end of calendar year 2022.
About Nova:
Nova is a leading innovator and key provider of material,
optical, and chemical metrology solutions for advanced process
control 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 developing and
producing the most advanced semiconductor devices. Nova's unique
capability to deliver innovative solutions enables its customers to
improve performance, enhance product yields, and accelerate time to
market. Nova acts as a partner to semiconductor manufacturers from
its offices worldwide. Additional information can be found at
Nova's website link - https://www.novami.com/. Nova is traded on
Nasdaq & TASE, Nasdaq ticker: NVMI
Forward-Looking Statements
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 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 differ
materially 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: catastrophic events such as the outbreak
of COVID-19; increased information technology security threats and
sophisticated computer crime; foreign political and economic risks;
changes in U.S. trade policies; inability to protect our
intellectual property; open source technology exposure; failure to
compete effectively or to respond to the rapid technological
changes; consolidation in our industry; difficulty in predicting
the length and strength of any downturn or expansion period of the
market we target; factors that adversely affect the pricing and
demand for our product lines; dependency on a small number of large
customers; dependency on a single manufacturing facility per
product line; dependency on a limited number of suppliers;
difficulty in integrating current or future acquisitions; lengthy
sales cycle and customer delays in orders; political, economic, and
military instability in Israel;
risks related to our convertible notes; currency fluctuations; and
quarterly fluctuations in our operating results. 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, 2021, filed with the
Securities and Exchange Commission on March
1, 2022. These factors are updated from time to time through
the filing of reports and registration statements with the
Securities and Exchange Commission. Nova Ltd. does not assume any
obligation to update the forward-looking information contained in
this press release.
Company Contact:
Dror David
Chief Financial Officer
Tel: +972-73-229-5760
E-mail - investors@novami.com
Nova website link - https://www.novami.com/
Investor Relations Contact:
Miri Segal MS-IR LLC
Tel: +917-607-8654
E-mail - msegal@ms-ir.com
Logo: https://mma.prnewswire.com/media/1446151/Nova_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/nova-metrion-selected-by-advanced-logic-manufacturer-301584476.html
SOURCE Nova
