Nova Doubles Chemical Metrology Production Capacity and Expands Global Presence with New Manufacturing Facility and Office in Germany

Rhea-AI Summary

Nova (NASDAQ: NVMI) has announced the opening of a new manufacturing facility and office in Bad Urach, Germany, marking a significant expansion of its global presence. The new facility will double the production capacity of Nova's Chemical Metrology Division and includes a state-of-the-art manufacturing space alongside a research and development center.

The facility is designed to enhance collaboration by consolidating all division teams in one location. Notable features include sustainable elements such as geothermal heating and cooling, solar power, natural light utilization, and efficient insulation to reduce environmental impact.

Positive

• Doubles chemical metrology production capacity
• Expands global manufacturing presence in Germany
• Consolidates R&D and manufacturing operations in one location
• Enhances operational efficiency through team consolidation

Negative

• None.

News Market Reaction

+3.00%

1 alert

+3.00% News Effect

On the day this news was published, NVMI gained 3.00%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

REHOVOT, Israel, Jan. 28, 2025 /PRNewswire/ -- Nova (NASDAQ: NVMI) announced today the opening of a new manufacturing facility and office in Germany, a milestone in the Company's long-term strategy to enhance its global footprint and deepen local partnerships. This expansion will significantly increase manufacturing capacity and leverage advanced technologies to meet rising demand for Nova's tools.

Located in Bad Urach, Germany, the new facility combines state-of-the-art manufacturing with a research and development center focused on chemical metrology. Doubling the capacity of Nova's Chemical Metrology Division, the new site will enhance and foster collaboration by bringing all division teams together in one location. Designed with the highest standards of sustainability, the space features geothermal heating and cooling, solar power, natural light utilization, and efficient insulation to minimize environmental impact.

"This new facility is a major investment in Nova's future", said Gabi Sharon, Nova's COO. "It reflects our commitment to sustainability, promotes collaboration, and enhances creativity, productivity and the employee experience."

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 on Nova's website link - https://www.novami.com/

Nova is traded on the Nasdaq and 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 differ materially 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: increased information technology security threats and sophisticated computer crime; foreign political and economic risks including supply-chain difficulties; regulations that could restrict our operations such as economic sanctions and export restrictions; changes in U.S. trade policies; indirect effects of the Russia – Ukraine conflict; market instability including inflation and recessionary pressures; risks related to doing business with China; catastrophic events; inability to protect our intellectual property; open source technology exposure, including risks related to artificial intelligence; failure to compete effectively or to respond to rapid technological changes; consolidation in our industry; difficulty in predicting 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; 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 in integrating current or future acquisitions; lengthy sales cycle and customer delays in orders; risks related to conditions in Israel, including related to the war against Hamas and other terrorist organizations; 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, 2023, filed with the Securities and Exchange Commission on February 20, 2024. 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:
Guy Kizner, Chief Financial Officer
Tel: +972-73-229-5760
E-mail - investors@novami.com
Nova 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: https://mma.prnewswire.com/media/1446151/Nova_Logo.jpg

 

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SOURCE Nova

FAQ

How much will Nova's (NVMI) new German facility increase its production capacity?

The new facility in Bad Urach, Germany will double the production capacity of Nova's Chemical Metrology Division.

Where is Nova's (NVMI) new manufacturing facility located?

Nova's new manufacturing facility is located in Bad Urach, Germany.

What sustainable features are included in Nova's (NVMI) new German facility?

The facility includes geothermal heating and cooling, solar power, natural light utilization, and efficient insulation for minimal environmental impact.

What operations will be housed in Nova's (NVMI) new German facility?

The facility will house state-of-the-art manufacturing operations and a research and development center focused on chemical metrology.