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Tool Order: Nova ads a further US$10 million to bookings
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Nova Measuring Instruments is on track to set a new record in bookings for any operating quarter after securing new bookings of US$10 million, which are for stand-alone optical CD, integrated metrology and software products from several different customers. Most of these orders are scheduled for delivery in the first quarter of 2010. "Our recent market share gains and penetration to new customers, combined with the swift recovery in industry spending patterns, are expected to result in a very strong finish for the year, in terms of revenues, profitability and year-end backlog," commented Gabi Seligsohn, President & CEO of Nova. "In light of the improving economic conditions and key customer decisions to significantly increase tool orders to support capacity build up, we believe that 2010 will be a year of significant growth for the company."