Company Also Announced Plans to Establish a Korean Local Branch in the Near Future
REHOVOT, Israel - 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, today announced the installation of its 200th metrology system in South Korea. The Company also announced that it is in the process of establishing a local branch to further enhance its support of the rapidly growing installed base in South Korea. The Company will continue its long standing and successful collaboration with Misan Corporation which played a key role in establishing and growing Nova's business in South Korea in the past decade.
Commenting on the announcement, Buck Kim, President of Nova's Asia Pacific subsidiary said: "We are very pleased with this great achievement and appreciate the vote of confidence our South Korean customers have given us over the years. The combination of deep collaboration with our customers, a great local team and a robust product offering have delivered success in a market driven by volume, high productivity and cutting edge technology - leading to the 200 units installed. The strength of the South Korean market and our latest products, that are currently being introduced, make me confident in our ability to continue and grow into the future. "
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 www.nova.co.il.
Source: Nova Measuring Instruments Ltd