Rehovot, Israel - January 9, 2012 - Nova Measuring Instruments Ltd. (Nasdaq: NVMI), provider of leading edge stand alone metrology and the market leader of integrated metrology solutions to the semiconductor process control market, is reaffirming its fourth quarter and full year 2011 financial guidance. As mentioned in the company's results press release for the third quarter published November 1, 2011, Nova expects revenues of $16-$19 million with net profitability of 1%-8% for the fourth quarter of 2011, which implies record annual revenues of $100-$103 million and record annual net income of $23-$25 million for the full year of 2011. In addition to reaffirming 2011 guidance, Gabi Seligsohn, President and CEO, will discuss the business outlook, and describe the company's strategy for preparing for the next major industry upturn when addressing the 14th Annual Needham Growth Conference on January 10, 2012.
The presentation will cover:
• Indications of gradual improvement in demand
• Reasons for management's continued conviction that
the transition to next generation design rules must
continue despite macro-related caution
• Longer-term business strategy and new growth
engines
• Aggressive product innovation program, coupled with
infrastructure enhancements and focus on service and
support to enhance customer partnerships
An audio webcast of the conference presentation will be available on the company's website.
Nova plans to announce fourth quarter and full year results
and give financial guidance for the first quarter of 2012
before the market opens on Wednesday, February 15, 2012. In
conjunction with this release, Nova will host a conference
call later that same day at 9:30 a.m. Eastern Time.
The call will also be webcast together with an online
presentation, which will be accessible from a link at
Nova's website at
To participate, please call one of the following teleconferencing numbers. Please begin by placing your calls 5 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.
U.S. Dial-in Numbers: 1 877 249 9037
ISRAEL Dial-in Number: 03 721 9510
INTERNATIONAL Dial-in Numbers: +972 3 721 9510 / +1 646 254
3364
At:
9:30 a.m. Eastern Time
6:30 a.m. Pacific Time
4:30 p.m. Israeli Time
For those unable to participate in the conference call, there will be a replay available the day following the call on Nova's website at .
About Nova: Nova Measuring Instruments Ltd. develops, produces and markets advanced integrated and stand alone metrology solutions for the semiconductor manufacturing industry. Nova is traded on the NASDAQ & TASE under the symbol NVMI. The Company's website is .
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 trends, demand for our products, expected
deliveries, transaction, expected revenues, operating
results, earnings 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. These risks and other factors
include but are not limited to: our dependency on two
product lines; the highly cyclical nature of the markets we
target; our inability to reduce spending during a slowdown
in the semiconductor industry; our ability to respond
effectively on a timely basis to rapid technological
changes; our dependency on OEM suppliers; our ability to
retain our competitive position despite the ongoing
consolidation in our industry; risks associated with our
dependence on a single manufacturing facility; our ability
to expand our manufacturing capacity or marketing efforts
to support our future growth; our dependency on a small
number of large customers and small number of suppliers;
our dependency on our key employees; risks related to
changes in our order backlog; risks related to the
financial, political and environmental instabilities that
may affect our sales in Asia; risks related to our
intellectual property; changes in customer demands for our
products; new product offerings from our competitors;
changes in or an inability to execute our business
strategy; unanticipated manufacturing or supply problems;
changes in tax requirements; changes in customer demand for
our products; risks related to currency fluctuations; and
risks related to our operations in Israel. 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 31,2010 filed with
the Securities and Exchange Commission on March 30, 2011.
These factors are updated from time to time through the
filing of reports and registration statements with the
Securities and Exchange Commission. Nova Measuring
Instruments Ltd. does not assume any obligation to update
the forward-looking information contained in this press
release.
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