Givat Shmuel, Israel – November 21, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) has announced that representatives from both its German and Korean offices will be showcasing Cimatron’s CAD/CAM solutions at EuroMold in Frankfurt/Main, Germany, from November 29 – December 2, 2011.
“Cimatron’s comprehensive solutions, CimatronE and GibbsCAM, have been powering machining worldwide for almost 30 years,” said Dirk Dombert, Cimatron’s General Manager for Germany.
“As one of the largest gatherings for the tooling industry, EuroMold gives us an opportunity to showcase the capabilities and success of our machining solutions across the globe, as well as the localized high level of support and training that is offered by our wide network of service providers.
“We are also pleased to welcome Mr. SK Lee, Cimatron’s General Manager for Korea, to the event as part of EuroMold’s 2011 country partnership with South Korea.”
The Cimatron display will offer demonstrations of the latest features of the CimatronE and GibbsCAM product lines.
CimatronE 10 is an integrated CAD/CAM solution for both toolmakers and manufacturers of discrete parts. The latest version offers powerful CAD capabilities, including a built-in motion simulator, advanced analysis for the parting line and shutoff and runoff surfaces, intuitive strip design process, and tool design automation. CAM enhancements include background calculations and enhanced multi-core processing.
GibbsCAM 2011 is a state-of-the art CAM software solution for programming high end multi-axis CNC machine tools. GibbsCAM’s integrated solution for programming both standard and Swiss style MTM machines will be highlighted. In addition, the latest GibbsCAM version includes automatic feature and color recognition and preservation capabilities, hole making automation, and enhanced 5-Axis machining (encompassing new drill cycle options, toolpath conversion, toolpath smoothing and additional machining styles).
The Cimatron display at EuroMold will be in Hall 8.0, Booth F70.
With over 28 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM software 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 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 and the Tel Aviv Stock Exchange under the symbol CIMT. For more information, please visit Cimatron’s web site at: 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 Cimatron’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 Cimatron’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 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 Cimatron’s business, refer to Cimatron’s filings with the Securities and Exchange Commission. Cimatron 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 73 237 0298
Chief Financial Officer
Phone: +972 73 237 0114