Givat Shmuel, Israel – July 31, 2008 – Cimatron Ltd. (NASDAQ: CIMT), a leading provider of integrated CAD/CAM solutions for tool making and manufacturing, will present new versions of the CimatronE and GibbsCAM product lines at the upcoming International Manufacturing Technology Show (IMTS), which will take place September 8-13 in Chicago, Illinois.
“IMTS attendees will have a unique opportunity to get up to speed on the latest advancements in tooling and manufacturing,” said Bill Gibbs, President of Gibbs and Associates and Cimatron Group North America. “It is also an exciting opportunity for the Cimatron Group to present the breadth and depth of our two product lines—CimatronE and GibbsCAM—under the same roof. We look forward to meeting with the industry’s leaders at this important event.”
CimatronE CAD/CAM Solutions for Toolmakers and Manufacturers – Booth D 3037
The CimatronE solution suite provides integrated CAD/CAM solutions for mold, tool, and die makers, as well as manufacturers of discrete parts. CimatronE solutions streamline the entire design to manufacturing cycle, enabling tool makers and manufacturers to shorten product delivery time. Specialized applications for mold and die makers save time with high level of automation, while empowering the experienced user with full flexibility to control the entire process. The hybrid environment enables toolmakers to work in 2D or 3D and use surface or solid operations interchangeably to best match the task at hand.
New CimatronE applications and enhancements presented at the IMTS include solutions for die quoting and transfer die design, a new electrode CMM application, and many other new features and enhancements to CimatronE’s mold and die design and NC applications.
GibbsCAM Solutions for Discrete Production – Booth D-3001
GibbsCAM solutions provide a broad range of CNC programming capabilities for milling, turning, mill-turn, rotary milling, tombstone-fixtured, wire-EDM, and multi-turret/multi-spindle machining. Modeling functionality tuned specifically for manufacturing supports the creation and manipulation of wireframe, surface, and solid geometries. Featuring an intuitive user interface, built-in associativity, and simulation capabilities, GibbsCAM empowers manufacturers to increase productivity and elevate responsiveness to customer requirements and design changes.
New GibbsCAM capabilities presented at the IMTS include advanced 3-axis milling functionality with support for high-speed machining (HSM).
The IMTS will be held September 8-13 at the McCormick Place in Chicago, Illinois. For information and registration, visit http://imts.com/.
With over 25 years of experience and more than 40,000 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.
The Cimatron product line includes the CimatronE and GibbsCAM brands with solutions for mold design, die design, electrodes design, 2.5 to 5 axes milling, wire EDM, turn, mill-turn, rotary milling, multi-task machining, and tombstone machining. Cimatron's subsidiaries and extensive distribution network serve and support customers in the automotive, aerospace, medical, consumer plastics, electronics, and other industries in over 40 countries worldwide.
Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the company web site at: http://www.cimatron.com/.
About Gibbs and Associates and GibbsCAM
For over 20 years, Gibbs and Associates has been a leader in providing cutting edge CAD/CAM technology, while maintaining its signature ease-of-use and productivity. Powerfully Simple, Simply Powerful is the guiding philosophy at Gibbs. Gibbs believes in empowering the NC programmer, machinist, and manufacturing engineer, not eliminating them. Gibbs' goal is to introduce manufacturers to new technologies and new ways of working that makes their machining easier and their businesses more profitable. To achieve this goal, Gibbs creates tools that are naturally intuitive, graphically interactive, extremely visual, associative, and just plain enjoyable to use. Gibbs provides a total quality solution with the service and support successful customers require.
In January 2008, Gibbs and Associates merged with Cimatron Ltd, (NASDAQ: CIMT) and is now operating as a Cimatron company. For more information about Gibbs and Associates and its CAM software packages, call 1-800-654-9399, or visit the company on-line at http://www.gibbscam.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
Phone: +972 3 611 4466
+972 50 762 6215