Givat Shmuel, Israel - March 5, 2007 - Cimatron Limited (NASDAQ: CIMT) announced today the general availability of version 8 of CimatronE, its leading CAD/CAM solution for toolmakers and manufacturers.
With Version 8, Cimatron helps toolmakers and manufacturers of complex discrete parts step up to new levels of productivity, introducing breakthrough improvements such as:
- A new application for progressive die design, covering the entire spectrum of quoting, strip design, tool design, and manufacturing, compressing weeks of work into days
- New automated drilling capabilities, reducing programming time by up to 80%
- NC-Preview functionality, presenting machining results in a matter of seconds and eliminating errors early in the process
- Concurrent mold design and the ability to handle mega-size molds, allowing multiple users to work on the same assembly with increased speed and ease
- New enhancements in 5-Axis Production, delivering higher performance and better user control
Customers that have been working with version 8 during the release process expressed anticipation for the new functionality: “Version 8 gives us new tools in design and manufacturing to compete with domestic and overseas markets,” said Todd DeMint, Lead Designer at toolmaker Eimo Americas (Michigan, USA). “The improvements in version 8 - such as the ability to work on large molds, the quick split tools, and the methodology for transferring data to cavities and cores - will save us significant time in the design process.”
Adds Jay Weiner, Mechanical Engineer and IT Manager at CAM Tool & Die (Ontario, Canada): “Cimatron’s new Progressive Die Design application is highly powerful and flexible, with surfacing capabilities that are second to none. Being able to work in 3D from start to finish, we expect substantial productivity improvements.”
Following an independent review of the new release, industry analyst Alan Christman of CIMdata said: “Version 8 of CimatronE is a substantial and significant release that will greatly enhance and broaden the Cimatron CAD/CAM offering. CIMdata is favorably impressed by the evolution in Cimatron product and market strategy and the sizeable content of version 8. We expect the product to be well received in the worldwide market.” The complete CIMdata review is available for download on the Cimatron website at www.cimatron.com.
For more information about the availability of version 8 in your area, please contact your local Cimatron office. A list of offices and additional information about version 8 can be found on the Cimatron website.
With more than 20,000 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. 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.
For More Information Contact:
Mrs. Idit Pass Lagziel
Phone: +972 3 5312098