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Nova Ltd. — Capital/Financing Update 2009
Nov 10, 2009
6955_rns_2009-11-10_37204e5b-3644-425e-bb58-d69fdc28f03f.pdf
Capital/Financing Update
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N·OVA
partnering for process control
Company Contact: Dror David, Chief Financial Officer Nova Measuring Instruments Ltd. Tel: 972-8-938-7505 E-mail: [email protected] http://www.nova.co.il
Investor Relations Contacts: Ehud Helft / Kenny Green GK Investor Relations Tel: +1-646-201-9246 E-mail: [email protected]
Nova Receives New Bookings of $2M for First Phase Capacity Expansion at a Leading Memory Manufacturer
REHOVOT, Israel, November 10, 2009 - 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 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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