Givat Shmuel, Israel – March 23, 2009 – Cimatron Limited (Nasdaq: CIMT), a leading provider of integrated CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts, today announced that a new version of CimatronE will be demonstrated at WESTEC 2009. The exhibition will take place March 30 – April 2, 2009 at the Los Angeles Convention Center in Los Angeles, California. Cimatron will co-exhibit with Gibbs and Associates in booth #3268.
Helping tool makers and manufacturers deliver higher quality tools and products at lower costs and shorter cycle times, the CimatronE CAD/CAM solution suite addresses the entire process from quoting through design, engineering changes, NC, and EDM programming to delivery.
Highlights of the new and enhanced capabilities in CimatronE 9.0 include:
- A new application for transfer die design
- A new die quote generator
- Greater mold design automation
- A new application for defining electrode measuring points and probe path
- New machining strategies for High Speed Machining (HSM) and 5-Axis milling
- New capabilities for handling Product Manufacturing Information (PMI) throughout the design and manufacturing process
“We are excited to be presenting the latest enhancements to our two product lines, CimatronE and GibbsCAM, at the west coast’s largest cutting-edge machine tool and manufacturing event", said Bill Gibbs, President of Cimatron Technologies Inc. and Gibbs and Associates. "With economic times being what they are, the need for tool shop optimization and efficiency has never been greater. We are proud to be able to help Mold, Die, Tool Makers and Manufacturers stay ahead of the competition with our advanced solutions,” concluded Mr. Gibbs.
The CimatronE solutions will be presented at booth #3268, March 30 – April 2, 2009 at the Los Angeles Convention Center in Los Angeles, California. For information and registration, visit www.sme.org/westec.
With over 25 years of experience and more than 40,000 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.
The Cimatron product line includes the CimatronE and GibbsCAM brands with solutions for mold design, die design, electrodes design, 2.5 to 5 axes milling, wire EDM, turn, mill-turn, rotary milling, multi-task machining, and tombstone machining. Cimatron's subsidiaries and extensive distribution network serve and support customers in the automotive, aerospace, medical, consumer plastics, electronics, and other industries in over 40 countries worldwide.
Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the company web site at: 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:
Idit Pass Lagziel
Phone: +972 3 5312098
Chief Financial Officer
Phone: +972 3 531 2121
Phone: +972 3 611 4466
+972 50 762 6215