Press Releases
Independent Study Shows Cimatron Customers Deliver Tools Faster
Aug. 1, 2007

Aberdeen Group’s findings show Cimatron customers deliver one week faster than the industry’s Best-in-Class, four weeks faster than the industry laggards

Givat Shmuel, Israel – August 1, 2007 – Findings from the Aberdeen Group's 21st Century Mold and Die Shop Benchmark study show that Cimatron customers are able to provide significantly faster delivery times than those offered by the rest of the industry.  On average, Cimatron customers deliver products one week earlier than shops classified by Aberdeen as industry Best-In-Class, and as much as four weeks earlier than shops classified as Laggards.

The study shows that the average delivery time for Laggard companies is 11.6 weeks, while Best-in-Class companies take an average of 8.7 weeks.  Additional analysis of the data conducted by Aberdeen but not included in the published report shows that Cimatron customers require an average of just 7.9 weeks to deliver products to their customers.

"Interestingly, mold and die shops are now taking advantage of the value delivered by CAD, CAM and CAE technologies that mainline product development has been reaping for years," said Chad Jackson, Research and Service Director of Aberdeen's Product Innovation and Engineering practice and report author. "As a result, Best-in-Class shops are delivering tooling to their customers 3 weeks earlier than laggards. That means more jobs during the course of the year and increased revenue."

The report shows that Best-in-Class are increasing efficiency with standardized processes and roles that are supported with CAD, CAM and CAE technologies that have been specialized and automated specifically for the tooling industry. For example, among mold and die shops surveyed, 64% use CAD with tooling design automation, 70% use CAE to predict behavior of tooling in its eventual production environment and 63% use high speed machining technologies.

“The fact that companies using Cimatron are able to offer faster delivery times is a result of our relentless focus on the needs of mold and die makers,” said Danny Haran, President and Chief Executive Officer of Cimatron.  “Speed of delivery is a major competitive differentiator for tool makers.  Our software provides specific functionality that automates and expedites a great deal of the design and manufacturing tasks involved in the tool making process.  With our integrated end-to-end solution, tool makers can streamline the process from the moment they get the data from their customer to the final delivery of the product.”

The findings from the Aberdeen study confirm what Cimatron customers have been reporting about their experience with the software. “Thanks to Cimatron DieDesign, we are establishing a quotation at an average of only one hour including the blanking, strip layout, and material utilization,” said Thorsten Franke, Project Manager at Ernst Keller GmbH (Arnsberg, Germany).  “Prior to DieDesign, we needed six hours for this kind of work.”

“After we did our evaluation, we found nothing that could beat what was offered by Cimatron,” said Patrick Vaillancourt, Lead Designer at Moules Industries (Quebec, Canada).  “It’s fast and easy to operate.  There is other software out there, but in our view Cimatron is the only one that is made specifically for tool and mold shops.”

“The tight integration of design and machining enables us to come up with better designs and streamline the transition from design to manufacturing,” said Ron Hoard, Engineering Manager at Advance Mold (Livonia, Michigan).  “It helps us optimize the entire process so we can serve our customers quicker and at a lower cost.”

Jay Weiner, Mechanical Engineer and IT Manager at CAM Tool & Die (Ontario, Canada) said: “Cimatron’s Progressive DieDesign 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. Weeks of work may be shortened into days.”

Aberdeen’s 21st Century Mold and Die Shop Benchmark Report is available for download at no charge from http://www.forum.cimatron.com/forums/aberdeen/Aberdeen-Report.asp

Cimatron has participated in the underwriting of the report, although neither Cimatron nor the other underwriters have any editorial or research rights in the report and the facts and analysis of the report remain an exclusive production and product of Aberdeen.


About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen(TM) for insights that drive decisions.

As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com.

About Cimatron
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 www.cimatron.com

Safe Harbor Statement
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:
Michal Lavi
Marcom Manager
Cimatron Ltd.
Phone: +972 3 5312185
Email: michall@cimatron.com

Ilan Erez
Chief Financial Officer 
Cimatron Ltd. 
Phone: +972 3 531 2121
Email: ilane@cimatron.com

Yael Nevat
Commitment-IR.com 
Phone: +972 9-741 8866 +972 50 762 6215
Email: yael@commitment-IR.com

 

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