MOORPARK, CA – June 23, 2010 – Gibbs and Associates, developer of GibbsCAM® software for programming CNC machine tools and a Cimatron company, announced today that it has granted Purdue University’s College of Technology sixty-five seats of its GibbsCAM software to run on five networks at the university’s Indiana campuses in West Lafayette, Kokomo, New Albany, Columbus and South Bend. GibbsCAM software now supports computer-aided manufacturing (CAM) courses in Purdue’s College of Technology, where more than 5,500 students are pursuing technical degrees. Among the various undergraduate and graduate degree programs offered by the College of Technology, including a PhD program, are Bachelor of Science degree programs in mechanical engineering technology and manufacturing engineering technology, within which students will use GibbsCAM throughout their studies.
“We are grateful to Gibbs and Associates for this generous grant,” said Dr. Henry Kraebber, Manufacturing Engineering Technology (MFET) Professor and Department Chair. “The donation of GibbsCAM is very important to the Purdue Engineering Technology programs, because the software significantly extends the CAM software capabilities available to Purdue students and faculty across our statewide facilities. GibbsCAM users have been able to generate good 3-axis CNC programs to make parts with just a few hours of instruction, significantly less time than with other software. Our students now have access to this powerful and robust industrial CAM package and, through its easy-to-use interface, drive machine tools with up to five axes in simultaneous motion.”
“Purdue’s College of Engineering Technology shares a strong and dedicated affiliation with industry, helping manufacturers improve competitiveness and increase profitability through education and research,” said Robb Weinstein, Gibbs’ Senior VP, Sales and Strategic Planning. “We are very happy to assist a university that supports manufacturing in meaningful ways, including the preparation and technical education of future employees.”
The grant, excluding training services, is valued at $758,475, and includes modules for 3-axis milling, rotary milling, lathe turning, 5-axis milling and turning, and machine tool simulation; ACIS and STEP readers; CATIA and UG/NX (Siemens) translators; and software maintenance. It also includes postprocessors for the various Haas, Emco, Hurco, Fryer and Mazak machine tools within Purdue’s College of Technology.
For more information about GibbsCAM, or to locate your local GibbsCAM reseller, call 1-800-654-9399, or email info@GibbsCAM.com. Information about GibbsCAM is also available at the company’s website, www.GibbsCAM.com.
About Gibbs and Associates and GibbsCAM
For over twenty five 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.
The current GibbsCAM product line supports 2- through 5-axis milling, turning, mill/turning, multi-task simultaneous machining and wire-EDM. GibbsCAM also provides fully integrated manufacturing modeling capabilities that include 2D, 2.5D, 3D wireframe, surface, and solid modeling. GibbsCAM is certified for Microsoft’s Windows Vista. GibbsCAM’s data exchange capabilities are able to access the broadest range of native and industry standard CAD data formats. GibbsCAM is certified under the Autodesk Inventor Certified Application Program, is a Solid Edge Certified Select Product, and is a SolidWorks Certified CAM Product. GibbsCAM is either offered or endorsed by a number of leading worldwide control and machine tool manufacturers, including GE Fanuc, Infimatic, Siemens, Doosan Infracore, Haas, Index, MAG Fadal, Mazak, Mitsubishi, Mori Seiki, and Tornos. Gibbs and Associates distributes its products worldwide through a network of international Resellers.
In January 2008, Gibbs and Associates merged with Cimatron Ltd, and is now operating as a wholly owned subsidiary.
About Cimatron
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's shares are publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the Company's web site at: http://www.cimatron.com
The Gibbs logo, GibbsCAM, GibbsCAM logo, Virtual Gibbs, Gibbs SFP, SolidSurfacer, MTM and “Powerfully Simple. Simply Powerful.” are either trademark(s) or registered trademark(s) of Gibbs and Associates in the United States and/or other countries. Microsoft, Windows, and the Windows logo are trademarks of the Microsoft group of companies. All other brand or product names are trademarks or registered trademarks of their respective owners.
Safe Harbor Statement
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 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 Gibbs and Associates or Cimatron products and services, long sales cycles, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties related to the Company's business, refer to the Company’s filings with the Securities and Exchange Commission. The Company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Gibbs and Associates and Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.