Monday, Jul 18, 2011 5:00 AM
Givat Shmuel, Israel – July 18, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) announced today that it has released CimatronE 10 after several months of highly successful beta testing.
"While using the new version of CimatronE, I've felt performance enhancements in all areas," said beta tester Jim Dent, a designer at LS Mold, Inc. "I've benefited from new functionality that allows us to work faster, increasing productivity and shortening our overall delivery time."
CimatronE 10 surpasses all previous versions, offering significantly faster mold design, die design and manufacturing capabilities, while increasing quality. Upgrading will impact overall delivery time, especially for full solution customers, and compress mold and die design, NC programming and machining times.
CAD enhancements provide stronger, more powerful capabilities, including a new built-in motion simulator, which specializes in tooling and provides an advanced analysis of kinematics. Die makers will enjoy an easier, more intuitive strip design process and greater automation for tool design. Mold designers will find new and unparalleled analysis capabilities for the parting line as well as shutoff and runoff surfaces, eliminating design flaws at a very early stage. There are also new applicative tools for lifter and insert creation.
CAM enhancements dramatically increase programming productivity, with background calculations and enhanced multi-core processing. Machining times are reduced, with significant upgrades to rough strategies, and there's a new helical finishing strategy.
Beta tester Gary R. Zech, from D & F Mold, LLC., commented: "Background calculations are amazing! I don't have to stop work and wait for a toolpath calculation while I'm in the middle of a job; I just keep working."
The release of CimatronE 10 also introduces a new product, the patent pending CimatronE SuperBox. The SuperBox is a toolpath off-loading and processing acceleration device that dramatically shortens NC programming; it is reported to have saved users 85% off programming time.
"This is the most successful beta CimatronE has ever held, with testers requesting their entire shop be upgraded to the new version months before it was even certified for official release," said Danny Haran, Cimatron's CEO. "We are very happy that our entire customer base can now enjoy the benefits that our beta testers have experienced over the past months."
With over 28 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