Givat Shmuel, Israel – June 2, 2014 – Cimatron Limited (NASDAQ: CIMT) announced today that the latest version of its acclaimed integrated CAD/CAM software, CimatronE 12, will be previewed at a user meeting to be held in Fulda, Germany, on June 5-6, 2014.
“As German industry continues its rapid growth, Cimatron is proud to play its part in meeting the design and programming needs of tool shops across the country,” said Mr Dirk Dombert, Cimatron’s General Manager for Germany.
“Enhancing our customers’ productivity remains at the forefront of our efforts, and at our forthcoming user meeting we look forward to providing our customers with insights from some of Germany’s leading experts in corporate development, organizational behavior, manufacturing and machining. This is in addition to presenting a preview of the latest version of our integrated software – CimatronE 12 – which offers dramatic time and cost savings across the entire CAD/CAM process.”
Leading industry experts to present at the event will include:
• Professor Dr. Thomas Seul, president of the VDWF, the German association of die and mold makers, presenting on “Strategic approaches to actualizing corporate potential”.
• Walter Burgstaller, CEO of project organization software company AXAVIA, on “Modular engineering data management for CimatronE”.
• Lutz Schaller, sales director of leading mold component manufacturer Meusburger, on “Standardized mold and die components for tool makers”.
• Holger Heimerdinger, project and sales manager of clamping systems manufacturer Partool, on “Innovative clamping systems for more efficient manufacturing”.
• Andreas Schulz, marketing director at Certa Systems, which specializes in software and process consultancy for tool and mold construction, speaking on “EDM – meeting the challenge of automation”.
• Markus Narr, application specialist at machine tool manufacturer Berthold Hermle AG, on “Precision demands for 5-Axis Milling”.
For more information, visit http://www.cimatron.de
With over 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
GK Investor Relations
Tel: (US) 1 646 201 9246