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Rehovot Hi Tech: Nova Measuring Instruments Provides Positive Outlook for the Third Quarter of 2005
Nova Measuring Instruments Ltd. (NASDAQ: NVMI), the market leader of Integrated Metrology systems, today announced that it expects its revenues for the third quarter of 2005 to increase by more than 15% over those of the second quarter of 2005, strengthening the Company's confidence in its continued revenue growth
expectations.
The Company reported that the increase in revenues over the previous quarter is attributed in particular to repeat orders of integrated metrology with customers in the US and in Asia Pacific, primarily for copper CMP.
The Company also reported that it expects to continue its revenue growth trend in the fourth quarter of 2005, although visibility in the market is still limited.
Dr. Giora Dishon, Nova's President and CEO, said: "As we expected, we continued on our strong revenue growth trend this quarter. This was achieved by leveraging on our wide product portfolio and existing integrations, as well as by expanding our service organization. In particular, we our proud of our success in achieving a wide penetration into high volume manufacturing ofcopper CMP at two major customers, US and Asia Pacific."
Dr. Dishon continued, "Our recent introduction of the NovaScan 3090 is now available on all the process equipment of our business partners. This new system, combined with the factors that led to our success during the quarter, we believe, provides us with greater prospects when looking forward to the coming quarters."
Nova's final results for the third quarter of 2005 will be released and discussed during the second week of November.
About Nova: Nova Measuring Instruments Ltd. develops, designs and produces integrated process control systems in the semiconductor manufacturing industry. Nova provides a broad range of integrated process control solutions that link different semiconductor processes and process equipment. The Company's website is http://www.nova.co.il
Company Contact: Dror David, VP Finance, Nova Measuring Instruments Ltd. Tel: +972-8-938-7505, E-mail: info@nova.co.il, http://www.nova.co.il
Source: Nova Measuring Instruments Provides Positive Outlook for the Third Quarter of 2005. Nova Press Release. PRNewswire-FirstCall (11 October 2005) [FullText]
expectations.
The Company reported that the increase in revenues over the previous quarter is attributed in particular to repeat orders of integrated metrology with customers in the US and in Asia Pacific, primarily for copper CMP.
The Company also reported that it expects to continue its revenue growth trend in the fourth quarter of 2005, although visibility in the market is still limited.
Dr. Giora Dishon, Nova's President and CEO, said: "As we expected, we continued on our strong revenue growth trend this quarter. This was achieved by leveraging on our wide product portfolio and existing integrations, as well as by expanding our service organization. In particular, we our proud of our success in achieving a wide penetration into high volume manufacturing ofcopper CMP at two major customers, US and Asia Pacific."
Dr. Dishon continued, "Our recent introduction of the NovaScan 3090 is now available on all the process equipment of our business partners. This new system, combined with the factors that led to our success during the quarter, we believe, provides us with greater prospects when looking forward to the coming quarters."
Nova's final results for the third quarter of 2005 will be released and discussed during the second week of November.
About Nova: Nova Measuring Instruments Ltd. develops, designs and produces integrated process control systems in the semiconductor manufacturing industry. Nova provides a broad range of integrated process control solutions that link different semiconductor processes and process equipment. The Company's website is http://www.nova.co.il
Company Contact: Dror David, VP Finance, Nova Measuring Instruments Ltd. Tel: +972-8-938-7505, E-mail: info@nova.co.il, http://www.nova.co.il
Source: Nova Measuring Instruments Provides Positive Outlook for the Third Quarter of 2005. Nova Press Release. PRNewswire-FirstCall (11 October 2005) [FullText]
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