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Cimatron's 30 Years of Expertise on Show in Italy

Date : 03/28/2012 @ 9:00AM
Source : PR Newswire (US)
Stock : Cimatron, Limited - Ordinary Shares (MM) (CIMT)
Quote : 5.95  -0.07 (-1.16%) @ 8:10PM
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Cimatron's 30 Years of Expertise on Show in Italy

Cimatron, Limited - Ordinary Shares (MM) (NASDAQ:CIMT)
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GIVAT SHMUEL, Israel, March 28, 2012 /PRNewswire/ --

Cimatron Limited (NASDAQ and TASE: CIMT) will be marking 30 years of CAD/CAM leadership and showcasing its current software offerings at the forthcoming Eurostampi trade show in Italy.

"Cimatron's software solutions have played an integral role in Italian manufacturing since the 1980s when CAD/CAM technology was still in its infancy," said Mr Gianluca Renzi, CEO of Microsystem, Cimatron's Italian subsidiary.

"Our many customers across the country have been benefiting from our innovative CAD/CAM solutions over these many years, and continue to achieve an impressive array of results with our current product offerings, CimatronE and GibbsCAM.

"These two products not only meet manufacturers' evolving CAD/CAM needs, but also serve as business accelerators, offering manufacturers a wealth of strategies and functionalities that can increase productivity, enhance product quality, and reduce costs."

CimatronE is an integrated CAD/CAM software that can perform the full range of tasks needed in mold and die making and in the creation of discrete parts. Capabilities include: reliable data import; a quote generator; a variety of applicative tools for the design of the mold, die or part, and the tool; electrode creation; NC programming (including background toolpath calculation); 2.5-5-axis milling; and Wire EDM.

GibbsCAM offers solutions for machining that include 2-5-axis milling, turning, mill/turn, rotary milling, high speed machining, Swiss, wire EDM, tombstone machining and multi-task machining. Key functionalities of the latest GibbsCAM version include automatic color and hole feature recognition; 5-Axis drill cycle options; support for 5-Axis tilting live tooling (B-axis) on lathes and multi-task machines; and HSM capabilities, such as plunge roughing and VoluMill.

"Join us at our booth at Eurostampi in celebrating these 30 years of achievement, and for an opportunity to experience first-hand the latest and greatest in CAD/CAM innovation," said Mr Renzi.

The Cimatron booth will be in Hall 6, Booth K37.

About Cimatron

With 30 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM software 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 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's shares are publicly traded on the NASDAQ exchange and the Tel Aviv Stock Exchange under the symbol CIMT. For more information, please visit Cimatron's 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 Cimatron'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 future performance and involve risks and uncertainties, many of which are beyond Cimatron'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 cycles, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties related to Cimatron's business, refer to Cimatron's filings with the Securities and Exchange Commission. Cimatron 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

Marketing Manager

Cimatron Ltd.

Phone: +972-73-237-0298

Email: iditp@cimatron.com

Ilan Erez

Chief Financial Officer

Cimatron Ltd.

Phone: +972-73-237-0114

Email: ilane@cimatron.com

SOURCE Cimatron Ltd

Copyright 2012 PR Newswire



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