REHOVOT, Israel, December 19, 2017 /PRNewswire/ --
Nova (Nasdaq: NVMI), a leading innovator and a key
provider of metrology solutions for advanced process control used
in semiconductor manufacturing, today announced that Ronnie (Miron) Kenneth, former Chief Executive
Officer of Voltaire Technologies Ltd. (Nasdaq: VOLT) and former
Chief Executive Officer of Pontis Ltd., has been appointed to the
company's Board of Directors.
Mr. Kenneth is a veteran high-tech leader who served for ten
years as Chairman and Chief Executive Officer at Voltaire, leading
it to an initial public offering on Nasdaq in 2007. Following the
company's merger with Mellanox Technologies Ltd. (Nasdaq: MLNX) in
2011, Mr. Kenneth became the Chief Executive Officer of Pontis
Ltd., a privately-held company, until 2013. Mr. Kenneth currently
serves as the Chairman of Teridion Technologies Ltd. and Varada
Ltd., and he is a director of Allot Communications Ltd. (Nasdaq:
ALLT) and Orbotech Ltd. (Nasdaq: ORBK).
"Ronnie brings a broad experience in leading technology
companies. I am looking forward to adding his extensive experience
in the high-tech industry to our board as Nova continues to expand.
I have no doubt that Ronnie will be an important addition to our
Board of Directors and will contribute to Nova's success,"
commented Dr. Micha Brunstein,
Nova's Chairman of the Board.
"I am excited to join Nova and have the opportunity to
contribute to its continued growth," added Mr. Kenneth. "Nova has
already established a strong position in a rapidly expanding
market, and I believe that this talented board will continue to
chart a course of success for the company."
About Nova:
Nova delivers continuous innovation by providing advanced metrology
solutions for the semiconductor manufacturing industry. Deployed
with the world's largest integrated-circuit manufacturers, Nova's
products deliver 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,
supports the development and production of the most advanced
devices in today's high-end semiconductor market. Nova's technical
innovation and market leadership enable customers to improve
process performance, enhance products' 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 http://www.novameasuring.com.
Nova is traded on the 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
ability to recognize the benefits of ReVera acquisition and risks
that the acquisition may disrupt current plans and operations and
impact relationships with customers, distributors and suppliers;
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 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,
2016 filed with the Securities and Exchange Commission on
March 3, 2017. 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@novameasuring.com
Investor Relations Contacts:
Miri Segal
MS-IR LLC
Tel: +917-607-8654
E-mail: msegal@ms-ir.com
http://www.novameasuring.com
SOURCE Nova Measuring Instruments Ltd.