Live milling demonstrations with HAAS & YCM
Givat Shmuel, Israel – July 17, 2012 – Cimatron Limited (NASDAQ and TASE: CIMT) today acknowledged the highly successful reception that its signature solutions, CimatronE and GibbsCAM, received at the recent ACMEE trade show in Chennai, India.
"The manufacturing industry's high regard for CimatronE and GibbsCAM was amply demonstrated recently when they were selected as the software of choice by two of the world's leading machine tool companies for live demonstrations at the ACMEE trade show," said Mr Edsel Vaz, Cimatron's country manager for India.
"The machining of superior quality products in record time is achieved when the right machines, tools and software work hand-in-hand. CimatronE and GibbsCAM are solutions world-renowned for their ability to prepare the product for manufacture and to work effectively with a range of machines and tools, no-matter how complex the job."
CimatronE and GibbsCAM were showcased at ACMEE by KKMSoft, a partner of Indian Cimatron reseller Aditya. Leading machine tooling companies YCM and HAAS used CimatronE and GibbsCAM respectively to run their live machining demonstrations at the event.
CimatronE is an integrated CAD/CAM solution for both toolmakers and manufacturers of discrete parts, which provides full associativity across the manufacturing process, from quoting through design and delivery. Its applications include: mold and die design, electrode design, 2.5 to 5-axis NC programming and discrete part production.
GibbsCAM is a full-featured CAM system that provides powerful capabilities without sacrificing ease of use. Optimized for production manufacturing, GibbsCAM supports 2 through 5-Axis milling, turning, mill/turning, multi-task simultaneous machining and wire EDM and integrates seamlessly with all major CAD systems.
For further information on Cimatron products in India, email Mr Vaz, email@example.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