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Technology Stocks : NOVA

NVMI 326.95

-5.9%

Nov 4 3:59 PM EST

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From: JakeStraw	3/21/2011 9:21:12 AM
	of 42

Nova Announces the Establishment of a Local Branch in South Korea finance.yahoo.com Local Facility Will Provide Closer Support to Growing Installed Base of Well Over 200 Systems REHOVOT, Israel, March 21, 2011 /PRNewswire-FirstCall/ -- 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, announced today the opening of its new branch office in South Korea. In light of the growing installed base and the strong partnership with its Korean customers, the new entity will provide close sales support, local customers support as well as development of tailored application solutions. 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. "With this new facility we are elevating our presence in South Korea and announcing our strong commitment to our local customers", said Eitan Oppenheim, Executive Vice President, Global Business Group. "During the past years we invested heavily in providing our South Korean customers with state of the art metrology solutions tailored for their production needs. I am confident that the close cooperation that led to our current success and the new product portfolio that we introduced lately will continue to drive Nova's growth in this region".

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