Nova Opens New Metrology Application Development Center in Taiwan

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Center will serve the Asia-Pacific Region and enable closer collaboration with customers

Rehovot, Israel November 14, 2007 - 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 earlier this week the opening of a new development and demonstration center in Taiwan, to serve its customers in Taiwan, Korea, China and Singapore. Located at Nova's Asia-Pacific Headquarters in Hsin Chu, the facility will serve as a knowledge-center and application development lab for customer applications. Additionally, it will host joint development projects with semiconductor companies. The center will showcase Nova's state of the art NovaScan Stand Alone Metrology products and NovaMARS modeling and application development platform, including a high power computer farm for complex modeling applications. The center will also house the CrystalX II x-ray tool which is geared towards polycrystalline analysis of metallic materials used in the semiconductor manufacturing process.
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Commenting on the new center, Gabi Seligsohn, President and CEO of Nova said, "The center is a reflection of our commitment to maintain a close relationship with our customers. Taiwan continues to play a key role in today's semiconductor market and represents a significant part of our business. After several years of successful collaboration with our Taiwanese customers in the area of integrated metrology, we are pleased to now offer a wider product portfolio with our stand alone metrology platforms and expand our cooperation further."

6 ]* z! W6 o+ z5 T3 \The grand opening event held earlier this week in Hsin Chu Taiwan hosted senior managers and professionals from the semiconductor industry in Taiwan. In his keynote address at the opening of the facility, Nick Bright, a leading industry executive and a member of Nova's board of Directors, noted that Taiwan is expected to overtake the United States as the world's second largest microchip supplier, possibly as soon as this year. "Nova's strategic decision to open this demo center and application lab in Hsin Chu recognizes Taiwan's influence in technology developed worldwide."
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According to Taiwan's Semiconductor Industry Association (TSIA) in 2006, Taiwan's 13 manufacturing companies' revenues were NT$ 767 Billion (US$ 23.7 Billion). Taiwan's foundries generate about 60% of the world foundry revenues and Taiwan's DRAM manufacturers generate about 25% of the world's DRAM revenues.

About Nova :

  Z. U( o# @" r9 h" y7 K4 DNova 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.