Givat Shmuel, Israel – February 25, 2008 - Cimatron Limited (NASDAQ: CIMT) a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, announced today that MDCGroup has been appointed as Cimatron’s distributor in the Philippines.
MDCGroup is a recognized technology and market leader in the field of mechanical design automation, dedicated to the sales and support of advanced software solutions to Philippine manufactures. The company is the largest reseller of CAD/CAM solutions in the Philippines, with headquarters in Alabang and a newly opened office in Cebu.
“Manufacturers and toolmakers worldwide are looking for solutions that can help them deliver high quality products faster and at lower cost,” said Kobi Rosenwasser, VP Asia Pacific for Cimatron. “MDCGroup has the resources and the knowledge to provide superb support to Cimatron’s customers in the Philippines and help them achieve these goals.”
“Cimatron provides the most comprehensive, integrated CAD/CAM solution for tooling and manufacturing,” said MDCGroup General Manager Carlos AImazan. “We are excited to offer the Cimatron product suite and look forward to serving the many local manufacturers that are in need of such a solution.”
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/
For over 19 years, MDCGroup has been serving manufacturers in the Philippines with advanced CAD/CAM solutions and hands-on services and support. Today, MDCGroup is the largest reseller of CAD/CAM software in the Philippines, with headquarters in Alabang and a newly opened office in Cebu.
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:
Idit Pass Lagziel
Phone: +972 3 5312098
Chief Financial Officer
Phone: +972 3 531 2121
Phone: +972 3 611 4466, +972 50 762 6215