Israeli Nova reports 20$ million in orders from leading memory customers
5 December, 2016
Nova Measuring Instruments announced that several leading-edge memory customers have placed orders for Nova's Optical CD and XPS solutions
Nova Measuring Instruments announced that several leading-edge memory customers have placed orders for Nova’s Optical CD and XPS solutions
Nova’s metrology portfolio was selected to be deployed in the most advanced V-NAND sites in Asia Pacific and will be utilized to measure critical dimensions, composition and film thickness in the most critical fabrication steps. Nova’s solution was chosen due to superior metrology performance on critical applications, which is based on Nova’s unique portfolio of cutting edge Optical and X-Ray hardware tools, enhanced by advanced software Modeling capabilities.
“Nova continues to build on its technical leadership, as evidenced by the selection of our Optical CD and Materials metrology solutions by multiple leading 3D-NAND memory manufacturers,” commented Eitan Oppenhaim, President and Chief Executive Officer of Nova. “The recent wins and related orders demonstrate the inroads we made into the Memory segment and our constant progress in diversifying our customer base. These wins, which are a result of a selection process, contribute to our continued penetration into the Memory market, and are expected to further enhance our position in this segment through 2017.”
Yet another record quarter?
Nova finished Q3 2016 with record revenues of more than 44$ million, though this achievement was somewhat overshadowed by net losses stemming from a royalty buyout agreement signed with the Israeli office of the chief scientist in which the company agreed to pay the OCS 14$ million in order to relieve itself from future royalty payments to the OCS.
Nova’s stock surged by 3.5% following the positive announcement, continuing the stocks current upward trend.