Givat Shmuel, Israel - January 10, 2008 - Over 450 tooling and manufacturing executives registered to view an online web seminar (webinar) focused on keeping the die industry competitive. The webinar was held in collaboration between Cimatron, MetalForming Magazine, and the Precision Metalforming Association (PMA). Over 200 attended the live broadcast, and hundreds more are expected to view the recording, which is now available on the Cimatron website at http://www.cimatrontech.com
The hour-long webinar was moderated by MetalForming Magazine editor Brad Kuvin, and included three presentations:
- Sam Golan, CEO and President of Cimatron Technologies, Inc., explored how practical lean manufacturing can help the die industry;
- Peter Ulintz of Anchor Manufacturing Group discussed the evolving role of die engineering in the new millennium;
- The session was concluded with a case study of die maker Cam Tool & Die presented by Cimatron’s Alan Zielinski.
“The die maker as a profession is becoming obsolete. It is replaced by die engineers, die assemblers, and metalforming specialists—each responsible for a specific function that requires specialized knowledge,” said Ulintz in his presentation.
“The hundreds of webinar attendees indicate the need for the industry to share knowledge and adopt best practices to stay competitive,” said MetalForming editor Kuvin. “Thank you for a job well done,” commented Victor Bodi of Accurate Machine and Tool and one of the tooling executives in attendance following the webinar. “The presentation was highly relevant to our business and stimulated a lively internal discussion on what we should do next.”
“Our goal is to help the tooling industry stay competitive. This is the ninth webinar in our Tool Shop Optimization series, and the level of interest continues to grow,” said Sam Golan, CEO and President of Cimatron Technologies Inc. “Like any manufacturing operation, die makers can benefit from process improvement and elimination of inefficiencies, whether using lean manufacturing or another methodology.”
Industry executives that are interested in learning more about die shop optimization can view a recording of the webinar by signing up on the Cimatron website at http://www.cimatrontech.com.
With more than 25 years of experience and over 20,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts. Cimatron is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time. Cimatron’s cutting-edge CAD/CAM solutions are widely used in the automotive, medical, consumer plastics, electronics, and other industries.
Founded in 1982, Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron’s subsidiaries and extensive distributor network are located in over 35 countries to serve customers worldwide with complete pre- and post-sales support. For more information, please visit http://www.cimatron.com
This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act Of 1995, which are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to the company’s plans, objectives and expected financial and operating results. The words "may," "could," "would," “will,” "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control. The risks and uncertainties that may affect forward looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, marketing demand for Cimatron products and services, long sales cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company’s filings with the Securities and Exchanges Commission. The company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
For More Information Contact:
Idit Pass Lagziel
Phone: +972 3 5312098
Chief Financial Officer
Phone: +972 3 531 2121
Email: firstname.lastname@example.org Yael Nevat
Phone: +972 3 611 4466
+972 50 762 6215