The company expects future orders.
Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) is suppling its CMP process control products at a leading memory manufacturer in Taiwan. The order includes dozens of Integrated NovaScan units to boost production in the largest memory fabrication facility in Taiwan. Nova did not disclose the name of the customer or the size of the contract.
Nova added that deliveries began earlier this year and the next phase of the deal is expected to completed during the first quarter of 2008. The company said that this was one of the largest projects of its kind in the world, and that it expected to supply additional units according to future production requirements.
Nova, which develops integrated metrology solutions for the semiconductor process control market, has a market cap of $55 million. The company will publish its financial report for the third quarter on November 6. The company posted a net profit of $430,000 on $28.2 million in the first half of the year.
Published by Globes [online], Israel business news - www.globes.co.il - on October 24, 2007
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