Givat Shmuel, Israel – November 13, 2012 – Cimatron Limited (NASDAQ and TASE: CIMT) today acknowledged the overwhelming success of its CimatronE user seminars that were recently held in Noida and Bangalore, India.
"CimatronE is not simply the leading CAD/CAM solution in use in many tool shops throughout India; it is also the common platform that can bring together manufacturers from across a range of sectors to share their successes, discuss effective processes, and network with each other," said Mr Edsel Vaz, Cimatron Group's country manager for India.
"This was the thinking behind the recent CimatronE user seminars, which offered participants a highly informative combination of presentations, open forums, brainstorming sessions, and case studies."
The seminars were organized by Cimatron India and reseller Aditya Infotech Ltd, with the Noida event hosted by channel partner Techsoft and the Bangalore event by new channel partner InnovateMinds Software Solutions. The seminars focused particularly on the software's die and mold design and NC programming capabilities. They also offered a preview of the new and enhanced features in CimatronE 11, the new version of the software that will be released in coming months.
CimatronE customer Mr Amarjeet Singh of Hindustan Sanitary Ware Ltd, who attended the Noida event, said: "The Cimatron seminar was professionally organized and offered many tools that will help us in improving productivity in our factory. It was also very beneficial to network with others who use CimatronE, learn from their experiences, and share best practices for success."
For further information on CimatronE, visit www.cimatrone.com.
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
Phone: +972 73 237 0298
Chief Financial Officer
Phone: +972 73 237 0114