REHOVOT, Israel, Jan. 6, 2021 /PRNewswire/ -- Nova
(NASDAQ: NVMI) celebrated today Nova Taiwan's
20th anniversary with the opening of its new, expanded
offices in Taiwan as part of the
Company's strategy to strengthen field operations and local
training capabilities. Nova's President and CEO, Eitan Oppenhaim, attended the opening of the new
offices in Hsinchu City and christened the new cleanroom, which
will support Nova's customers in Asia.
The new facility was built to support Nova's expansion in
Taiwan and enhance local
capabilities for the Company's growing fleet and customers in the
region. It consists of both enhanced training capabilities and a
new cleanroom. The new cleanroom will allow Nova to provide faster,
enhanced services to customers in Taiwan and offer high-end training and
demonstration tools for customers, shortening demo cycles and
timelines.
Driven by Nova's recent CSR strategy launch, more than 50% of
the decoration materials were chosen from recycled, green, and
chemical-free maintenance products, and all artwork is based on
recycled materials. Environmental consciousness also played a
significant role in the decision to house the office in a green,
sustainable building that follows energy saving, waste reduction,
and ecological standards.
Nova Taiwan was founded in 2000
and currently employs local professionals in Hsinchu, Taichung, and
Tainan. The Company recently received the 2020 Golden Merchant
Award for Outstanding Foreign Firm from Taiwan's government for outstanding
contribution in tech innovation and social responsibility.
"Over the past year, and following the COVID-19 spread, we
increased focus on strengthening our local entities to maintain
top-quality service for our global customers and to capitalize on
various emerging opportunities," said Eitan Oppenhaim, Nova's
President and CEO. "Our new facilities in Taiwan are a testament to our long-term
commitment to our customers and partners in the region. It was my
honor to celebrate our 20-year anniversary in Taiwan with the opening of the new site, which
demonstrates our commitment to the local industry and our leading
customers in Taiwan."
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 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 around the world. Additional
information may be found 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