Givat Shmuel, Israel - March 18, 2008 – Cimatron, a leading provider of design and manufacturing software for the tooling industry, is announcing a new partnership with leading part catalog provider CADENAS. The integration of CADENAS PARTsolutions into version 8.5 of CimatronE enables tool makers to shorten design cycles by incorporating ready-made CADENAS catalog parts into their mold and die assemblies.
While powerful catalog functionality has long been available in Cimatron’s software, the CADENAS catalogs place thousands of additional standard components at the disposal of Cimatron’s users, eliminating many of the manual and time consuming steps in the tool design process.
CADENAS catalogs can be downloaded from the Internet, and automatic updates are provided on an ongoing basis, ensuring that changes to parts are immediately reflected in the catalog.
“Whether through our own research and development or by partnering with best-of-breed solution providers, our mission is to help toolmakers be more competitive by reducing costs and shortening delivery times,” said Ira Bareket, Cimatron’s VP Sales and Marketing. “The addition of the CADENAS catalog interface is another step in this ongoing effort. We are excited to make the rich collection of their catalogs readily available to our customers.”
“Cimatron is well-regarded in the industry for its innovative solutions, providing mold and tool makers with the most advanced functionality and utmost usability to help them deliver high quality results at the shortest possible time,” said CADENAS executive Jürgen Heimbach. “We are honored to have our part management be part of the Cimatron solution.”
With more than 25 years of experience and over 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/.
About CADENAS GmbH
Since 1992, the name CADENAS stands for innovation, success and creativity, both in software development and advice on parts management and catalog projects. As an independent software deliverer, CADENAS develops customized company solutions for clients around the globe. Its success is attributed to the high quality of the products as well as the long-time experience and the know-how of its 200 employees.
The main focus of CADENAS GmbH lies in the area of process optimization with parts management and parts consolidation, and optimizing marketing strategies through the creation and marketing of electronic product catalogs. CADENAS has made it its business to optimize product development processes and company activity with intelligent software solutions. Some assignments, which the software solutions take over, lie in data preparation, marketing, data appropriation, data exchange, parts reduction – administration and connection with internal systems that significantly contribute to the clients’ efficiency.
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