Givat Shmuel, Israel - February 8, 2007 - Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM solutions for toolmakers and manufacturers, today announced another record registration and attendance for a recent online seminar (webinar) on the topic of Tool Shop Optimization and Lean Manufacturing. The webinar included a case study presentation by EIMO Americas, describing the results of ongoing Lean Manufacturing efforts practiced by the company to optimize its tooling and manufacturing operations.
Over six hundred tooling and manufacturing industry executives signed up to view the webinar, held last week and hosted by American Machinist. Over 300 attended the live broadcast, and hundreds more are expected to view the recording, which is now accessible on the Cimatron website at http://www.cimatron.com.
"The registration record is a clear indication that the industry recognizes the need to learn from the success of others and adopt best practices to stay competitive" said Bruce Vernyi, Editor-in-Chief, at American Machinist. “The subject was of great interest and touched on things that are imperative for our manufacturing operations,” commented Jim Dent of LS Mold, one of the tooling executives in attendance. “The speakers did a great job and provided tangible information.” He added.
Rob Stewart and Todd DeMint, two of the Lean initiative leaders at EIMO Americas, provided the audience with a detailed picture of the Lean processes adopted by the company and some of the technologies that support these processes, including the standardization on the Cimatron CAD/CAM software throughout the company. Results cited by the speakers include improved product quality, lower production cost, and reduction of 40-50% in delivery times to customers.
Sam Golan, President and CEO of Cimatron Technologies, Inc. and a keynote speaker at the seminar, presented an eight-step methodology developed by Cimatron to help tool shops improve their processes. “Every tool shop can learn from what EIMO Americas did” said Golan. “Whether it is Lean Manufacturing, JIT, or any other methodology or strategy, the key is the internal commitment to a process of ongoing improvement.”
Tooling executives that are interested in learning more about lean manufacturing and tool shop optimization can view a recording of the webinar by signing up on the Cimatron website at http://www.cimatron.com.
With more than 20,000 installations worldwide, 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. Cimatron’s cutting-edge CAD/CAM solutions are widely used in the automotive, medical, 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.
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Cimatron Technologies, Inc.
Phone: (248) 596-9700 x234