Givat Shmuel, Israel – September 2, 2008 – Cimatron Ltd. (NASDAQ: CIMT), a leading provider of integrated CAD/CAM solutions for tool making and manufacturing, will present its complete line of CAD/CAM solutions for tooling and manufacturing at the upcoming AMB International Exhibition for Metal Working, which will take place September 9-13 in Stuttgart, Germany.
Solutions demonstrated at the show include the CimatronE and GibbsCAM product lines. The GibbsCAM product line is sold in Germany under the name of Virtual Gibbs.
“This event provides an exciting opportunity for the Cimatron Group to present the breadth and depth of our two product lines in front of the industry’s leaders,” said Dirk Dombert, Cimatron GmbH’s General Manager. “AMB attendees will find this show a unique venue to get up to speed on the latest advancements in tooling and manufacturing under one roof.”
The CimatronE 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.
GibbsCAM provides a broad range of CNC programming capabilities for milling, turning, mill-turn, rotary milling, tombstone-fixtured, wire-EDM, high speed machining, 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, the solution empowers manufacturers to increase productivity and elevate responsiveness to customer requirements and design changes.
A new module that will be demonstrated at the Cimatron booth allows programmers to define measuring points for the Renishaw measuring solutions, streamlining product delivery with tighter integration of the post-production inspection process.
The AMB International Exhibition for Metal Working will be held September 9-13 in Stuttgart, Germany. For information and registration, visit http://www.messe-stuttgart.de/cms/index.php?id=4753&L=1.
Visit Cimatron at AMB, September 9-13, 2008
Hall 4 B60
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