REHOVOT, Israel, Feb. 23, 2022 /PRNewswire/
-- Nova (Nasdaq: NVMI) today announced the
establishment of its new Chinese local corporate entity and the
opening of a new Chinese headquarters in Shanghai. Nova's business in China has grown significantly in recent years,
serving the expansion of the regional semiconductor industry. The
new facility is part of Nova's strategy to strengthen its global
sites to tighten customers' partnerships and support company's
continued expansion in the region.
Driven by Nova's ESG commitment, the office building in
Shanghai boasts a LEED gold
certification and a green two-star building certification.
"Over the past two years, and against the backdrop of COVID
spread, we increased our focus on strengthening Nova's local sites
to maintain top-quality service to our global customers," said
Eitan Oppenhaim, Nova's President and CEO. "Our new Shanghai office and the local entity are a
testament to our long-term commitment to our customers and partners
in China."
About Nova:
Nova is a leading innovator and key provider of material,
optical and chemical metrology solutions for advanced process
control in semiconductor manufacturing. Nova delivers continuous
innovation by providing state-of-the-art, high-performance
metrology solutions for effective process control throughout the
semiconductor fabrication lifecycle. Nova's product portfolio,
which combines high-precision hardware and cutting-edge software,
provides its customers with deep insight into developing and
producing the most advanced semiconductor devices. Nova's unique
capability to deliver innovative solutions enables its
customers to improve performance, enhance product yields and
accelerate time to market. Nova acts as a partner to semiconductor
manufacturers from its offices worldwide. Additional information
may be found at Nova's website link -
https://www.novami.com/.
Nova is traded on Nasdaq & TASE, Nasdaq ticker symbol
NVMI.
Forward-looking statements:
This press release contains forward-looking statements within
the meaning of safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 relating to future events or our
future performance, such as statements regarding, but not limited
to, anticipated growth opportunities and projections about our
business and its future revenues, expenses and profitability.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied in those forward-looking
statements. Factors that may affect our results, performance,
circumstances or achievements include, but are not limited to, the
following: catastrophic events such as the outbreak of COVID-19;
increased information technology security threats and sophisticated
computer crime; foreign political and economic risks; changes in
U.S. trade policies; inability to protect intellectual property;
open source technology exposure; failure to compete effectively or
to respond to the rapid technological changes; consolidation in our
industry; difficulty to predict the length and strength of any
downturn or expansion period of the market we target; factors that
adversely affect the pricing and demand for our product lines;
risks related to introduction of new product lines which may
require us to allocate time and financial resources; dependency on
a small number of large customers; dependency on a single
manufacturing facility per product line; dependency on a limited
number of suppliers; difficulty to integrate current or
future acquisitions; lengthy sales cycle and customer delays in
orders; political, economic, and military instability in
Israel; risks related to our
convertible notes; currency fluctuations; and quarterly
fluctuations in our operating results. We cannot guarantee future
results, levels of activity, performance or achievements. The
matters discussed in this press release also involve risks and
uncertainties summarized under the heading "Risk Factors" in Nova's
Annual Report on Form 20-F for the year ended December 31, 2020 filed with the Securities and
Exchange Commission on March 1, 2021.
These factors are updated from time to time through the filing of
reports and registration statements with the Securities and
Exchange Commission. Nova Ltd. does not assume any obligation to
update the forward-looking information contained in this press
release.
Company Contact:
Dror David, Chief Financial
Officer
Tel: +972-73-229-5760
E-mail: investors@novami.com
Nova's website link - https://www.novami.com/
Investor Relations Contact:
Miri Segal
MS-IR LLC
Tel: +917-607-8654
E-mail: msegal@ms-ir.com
Logo -
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