Live machining demonstration at Technology show, Israel
Givat Shmuel, Israel – June 17, 2013 – Cimatron Limited (NASDAQ: CIMT) today announced that GibbsCAM 2013, the newly released version of its acclaimed CAM software, will be showcased at the Technology trade show in Tel Aviv, Israel, June 18-20.
Particular GibbsCAM features to be displayed at the event include the VoluMill option for ultra-high volume material removal, and the Multi-Task Machining (MTM) option.
VoluMill in GibbsCAM enables up to 3 times faster machining and significantly reduced tool wear. VoluMill maximizes material removal rates by building toolpaths that optimally control tool cutting factors, automatically taking into account the best option for milling pockets, including the speed of a tool plunging into the material and material removal rates. Variation in tool load is smoothed, allowing the machine to use much higher speeds and feeds.
GibbsCAM’s powerful MTM provides seamless access to both turning and milling capabilities. The machine tool’s specific configuration is automatically captured by GibbsCAM’s settings, and full support is offered for the machine’s utility operations. Support is also provided for an unlimited number of turrets and spindles, with only one set-up required for the machine to transfer the part from spindle to spindle.
Cimatron’s booth at the Technology show will include live machining demonstrations powered by GibbsCAM with VoluMill and MTM capabilities and performed on an Okuma Multus B300II from ELBE Ltd. Parts machined will be distributed to booth visitors.
In addition to GibbsCAM, also on display at the booth will be integrated CAD/CAM solution CimatronE, which offers dedicated functionality for mold and die makers and discrete part manufacturers.
For more information on GibbsCAM, visit http://www.gibbscam.com.
For more information on CimatronE, visit http://www.cimatrone.com
With 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 under the symbol CIMT. For more information, visit 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