Monday, Jan 27, 2014 4:00 AM
Givat Shmuel, Israel – January 28, 2014 – Cimatron Limited (NASDAQ: CIMT) today announced that its CimatronE and GibbsCAM software will be demonstrated at the Fornitore Offresi trade show, Lecco, Italy, from February 6-7, 2014.
"Italian industry is a world leader in the design of high quality goods," said Mr Gianluca Renzi, Managing Director of Microsystem, Cimatron's Italian subsidiary. "However, local manufacturers are under increasing pressure to find efficiencies in the face of overseas competition, and the challenge remains to find those efficiencies without sacrificing quality.
"Our signature software solutions, CimatronE and GibbsCAM, continue to meet manufacturers' needs in this respect, offering mission-critical capabilities that streamline mold, die and discrete part design, and provide NC programming efficiencies and optimized machining.
"Manufacturers also receive the highest level of support and training for which Microsystem has been renowned for over 30 years, ensuring that our customers' operations are always up and running."
Among the benefits of CimatronE to be demonstrated at Fornitore Offresi will be its built-in CAD/CAM integration for mold and die makers, providing full associativity across the manufacturing process, from quoting through design and delivery. This ensures immediate and hassle-free communication between designers, programmers and the shop-floor, and the error-free transmission of data. It also provides significant time savings, facilitating concurrent engineering and the ability to begin machining mold and die components early on in the design process.
As a full-featured CAM system, GibbsCAM provides powerful capabilities while supporting ease of use. One of the software's outstanding benefits to be emphasized at Fornitore Offresi will be its huge library of proven post processors, able to power any Multi-Task Machine (MTM) available on the market today.
The CimatronE and GibbsCAM display at Fornitore Offresi will be held at the booth of Microsystem, Hall B, booth 314.
With over 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 under the symbol CIMT. For more information, visit 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:
Chief Financial Officer
Phone: +972 73 237 0114
Idit Pass Lagziel
Phone: +972 73 237 0298
Investor Relations contact:
Ehud Helft/Kenny Green
GK Investor Relations
Tel: (US) 1 646 201 9246