Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) said today that it has added what it called a tier one foundry as a customer.
Semiconductor production metrology system maker Nova said that the customer has selected Nova’s Integrated Metrology for measurement and process control of the Copper CMP area.
Nova said that has recently received $4 million orders from this customer, and that most of the deliveries are expected to take place during the first quarter of 2011.
Nova CEO Gabi Seligsohn said, “We build upon our large foundry installed base to understand the unique needs of foundries and to develop targeted solutions for their advanced technology and product diversity in both the integrated and stand alone metrology product lines."
Nova shares closed on Friday at $5.88, giving a market cap of $145.87 million.
Nova shares rose 0.6% in mid-morning trading on the Tel Aviv Stock Exchange (TASE) today.
Published by Globes [online], Israel business news - www.globes-online.com - on October 18, 2010
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