Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) today announced that three major foundries have placed orders totaling $12 million for its integrated and standalone metrology tools.

Nova's share price jumped 8.3% in afternoon trading on the TASE to NIS 35.48. The share price closed at $9.33 on Nasdaq yesterday, giving a market cap of $235.55 million.

Nova said that the tools are scheduled for delivery in the first half of 2011.

Nova president and CEO Gabi Seligsohn said, "We are delighted with the continued booking stream from the important foundry segment which is continuing to ramp aggressively to meet demand from the smart phone and tablet computing markets."

He added, "We are happy to see that many of the orders received are from Chinese based customers who are ramping up after a prolonged period of weaker demand from that market. This recent booking stream, together with additional orders already received from memory customers as well as expected multi-million dollar orders from these and other customers during March, should lead to record quarterly bookings in the first quarter of 2011."

Published by Globes, Israel business news - www.globes-online.com - on March 3, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011