Givat Shmuel, Israel, – February 01, 2007– Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, today announced that Urban Aeronautics has chosen CimatronE to design its innovative X-Hawk aircraft. Urban Aeronautics is collaborating with Bell Helicopters to develop a military version of the aircraft, for use primarily as a troop carrier.
"Creating the urban and military aircraft of the future demanded a rethinking of what we expect from a CAD/CAM package," noted Dr. Rafi Yoeli, Founder and CEO of Urban Aeronautics. "We noted early in the design process, CimatronE’s clear advantages over other software packages in the category. CimatronE gave us an immediate answer capable of delivering the precise corner-less aeronautical design, handling the massive quantity and intricate blending of surfaces, and delivering a design-to-production perspective that would allow us to plan for cost-effective production even before we created a prototype. Furthermore, Cimatron’s support has been nothing less than outstanding throughout the design process" he concluded.
"CimatronE is a high performance tool well matched for the aerospace industry," said Danny Haran, CEO of Cimatron. "We've worked hard to create a tool that provides the user with maximum control, while raising productivity through intelligent automation. We look forward to growing with Urban Aeronautics, providing the tools of the future for the aircraft of the future," he continued.
About Urban Aeronautics
Urban Aeronautics develops compact VTOL (Vertical Take Off and Landing) vehicles with no exposed rotors, tailored to meet FAA requirements for powered lift vehicles and capable of flying and operating inside of complex urban and natural environments.
The company's X-Hawk modular utility aircraft is uniquely suitable for urban rescue and medical evacuation, and will also be used for such applications as utility work (e.g. power line maintenance or bridge inspection), civil policing, intra-urban or ship-to-shore taxi service, and more. A military version of the aircraft is also being designed, in conjunction with Bell Helicopters. For more information, please visit http://www.urbanaero.com/.
Cimatron is a leading provider of integrated, CAD/CAM solutions for toolmaking and manufacturing. Cimatron is committed to providing mold, tool and die makers with comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time. With more than 20,000 installations worldwide, Cimatron's customers employ Cimatron’s cutting-edge CAD/CAM solutions for manufacturing in the automotive, consumer plastics, electronics, and other industries.
Founded in 1982, Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron’s subsidiaries and extensive distributor network are located in over 35 countries to serve customers worldwide with complete pre- and post-sales support. For more information, please 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 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 the 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 cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company’s filings with the Securities and Exchanges 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:
Mrs. Idit Pass Lagziel
Phone: +972 3 5312098