Nova to Expand Offices in Taiwan with New Cleanroom and Training Center

REHOVOT, Israel, Jan. 6, 2021 - Nova (NASDAQ: NVMI) celebrated today Nova Taiwan's 20th anniversary with the opening of its new, expanded offices in Taiwan as part of the Company's strategy to strengthen field operations and local training capabilities. Nova's President and CEO, Eitan Oppenhaim, attended the opening of the new offices in Hsinchu City and christened the new cleanroom, which will support Nova's customers in Asia.

The new facility was built to support Nova's expansion in Taiwan and enhance local capabilities for the Company's growing fleet and customers in the region. It consists of both enhanced training capabilities and a new cleanroom. The new cleanroom will allow Nova to provide faster, enhanced services to customers in Taiwan and offer high-end training and demonstration tools for customers, shortening demo cycles and timelines.

Driven by Nova's recent CSR strategy launch, more than 50% of the decoration materials were chosen from recycled, green, and chemical-free maintenance products, and all artwork is based on recycled materials. Environmental consciousness also played a significant role in the decision to house the office in a green, sustainable building that follows energy saving, waste reduction, and ecological standards.

Nova Taiwan was founded in 2000 and currently employs local professionals in Hsinchu, Taichung, and Tainan. The Company recently received the 2020 Golden Merchant Award for Outstanding Foreign Firm from Taiwan's government for outstanding contribution in tech innovation and social responsibility.

"Over the past year, and following the COVID-19 spread, we increased focus on strengthening our local entities to maintain top-quality service for our global customers and to capitalize on various emerging opportunities," said Eitan Oppenhaim, Nova's President and CEO. "Our new facilities in Taiwan are a testament to our long-term commitment to our customers and partners in the region. It was my honor to celebrate our 20-year anniversary in Taiwan with the opening of the new site, which demonstrates our commitment to the local industry and our leading customers in Taiwan."