Metrology solutions provider Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) today reported multiple orders from major customers for its newest Integrated Metrology system - the Nova i500.
Nova said that the orders followed the completion of a rigorous qualification process, conducted by customers over several months, to be the primary platform for their integrated process control needs. Nova added that during qualifications the Nova i500 demonstrated more than 30% improvement in throughput and precision compared with the previous model.
Nova executive vice president Eitan Oppenhaim said, "The demand for a fast integrated metrology tool that combines precise and sensitive metrology performance along with uncompromised requirements for reliability and cost of ownership have become the market standard. Moving to advanced technology nodes will require larger sampling schemes that include Optical CD measurements in order to control the ever tightening CMP process specs. Nova i500 core technology meets all of these requirements for advanced process control both in the Foundries and Memory market segments. We are pleased to see that our customers appreciate our proven record and market leadership and decided to keep ordering Nova's latest advanced integrated tool that will assist them to be competitive in their respective markets."
Nova's share price closed at $10.53 on Nasdaq yesterday, giving a market cap of $273.53 million. The share price rose 5% on the TASE in afternoon trading to NIS 36.98.
Published by Globes, Israel business news - www.globes-online.com - on July 7, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011