Givat Shmuel, Israel – March 17, 2013 – Cimatron Limited (NASDAQ and TASE: CIMT) today announced that a special presentation about CimatronE 11, the latest version of its integrated CAD/CAM software, will be featured at the Eurostampi trade show in Parma, Italy, March 21-23, 2013.
“The Italian manufacturing industry is world-renowned for its innovative designs and the production of often complex products of enduring quality,” said Mr Gianluca Renzi, CEO of Microsystem, Cimatron’s Italian subsidiary.
“To support its high standards, the industry requires a robust CAD/CAM software, a need that for many years has been met by the acclaimed CimatronE solution.”
“The new CimatronE 11, in particular, enhances all stages of the mold project lifecycle, from quoting through to parting, mold tool design, drafting, electrode and NC programming. It is one of the very few products on the market able to offer such a powerful array of mold-specific tools for both CAD and CAM with advanced algorithms, automations and process-driven innovation.”
Entitled, “From project to object”, the CimatronE 11 presentation at Eurostampi will feature the machining of a part by leading Italian mold maker and CimatronE customer Novotools. Microsystem’s senior engineer Paolo Betti will also be on hand to provide detailed guidance on CimatronE 11 and how it can be employed in the tool shop environment.
CimatronE 11’s new design features include: an ECO Manager for handling an unlimited number of engineering changes; enhanced modeling capabilities for curves, faces and solids; rapid parting surface creation; wall thickness analysis; easy lifter pocket creation; and new cooling design tools.
NC programming features include new strategies for 2.5-axis and 5-axis milling, automated drilling, finish and rough. There is also a new embedded material removal simulator and various new automations and capabilities that offer improved programming efficiency.
The CimatronE display at Eurostampi will be at the Microsystem booth, Hall 5, Booth L71.
With more than 30 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:
Chief Financial Officer
Phone: +972 73 237 0114
Idit Pass Lagziel
Phone: +972 73 237 0298
Investor Relations contact:
Ehud Helft/Kenny Green
CCG Investor Relations
Tel: (US) 1 646 201 9246