Nova Measuring adds two new Asian customers

One new customer is a foundry and the other a memory manufacturer.

Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) has reported the addition of two new standalone optical CD customers in the Asia Pacific region. The company, which provides stand-alone metrology and integrated metrology solutions to the semiconductor process control market, reported that one of the customers is a foundry and the other a memory manufacturer. Nova added that both are users of the company's market leading integrated metrology platform.

Nova Measuring instruments marketing director Noam Shintel said, "These two very important new customer wins further solidify our market position in the fast growing segment of standalone optical CD metrology. Our complementary integrated and stand alone metrology product portfolio continues to be focused on the two largest growing segments of semiconductor manufacturing, memory and foundry, both of which demand high reliability, a high level of productivity, an ability to deal with significant product variability and short time to results."

In early afternoon trading Nova's share price was up 5.6% on the TASE to NIS 18.52. The share closed on Nasdaq at $4.64 on Friday, giving a market cap of $115.11 million.

Published by Globes, Israel business news - www.globes-online.com - on September 13, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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