Givat Shmuel, Israel – July 20, 2010 – Cimatron Limited (Nasdaq: CIMT), a leading provider of integrated CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts, announced it will sponsor a live webinar hosted by MetalForming Magazine on July 22, for die makers looking to increase efficiency, cut costs and be more competitive. Registration is at www.cimatrontech.com.
Rezmin Tool and Die recently achieved a 25-30% more efficient process, a 30% reduction in costs, as well as improved quoting and better quality products, after implementing organizational changes to its operations. In a live webinar, Rezmin’s Co-Owner, Zelko Rezler, will explain how this was done, providing real-life, practical advice for die makers.
Rezmin – based in Ontario, Canada – is a producer of long-lasting, high quality progressive and transfer dies, catering primarily to tier-one automotive suppliers. Founded in 1996, Rezmin recently evaluated its processes in an attempt to offer its high quality products at more competitive prices, with shorter delivery times.
Changes to Rezmin’s processes included implementation of faster, more accurate quoting, moving to 3D design, machining using 4 and 5 Axis machines, and modifying the NC programming process. CimatronE’s integrated CAD/CAM solution for die making played a big part in streamlining these changes, which eventually led to a dramatic increase in the efficiency of Rezmin's tool shop.
To learn more and register for the online seminar, log on to www.cimatrontech.com. The live webinar will take place on July 22nd, but visitors to the site will be able to view it at any time.
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
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 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. 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