Givat Shmuel, Israel – November 3, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT), has announced a partnership with leading cutting tool producer Iscar in offering the Iscar Tool Advisor (ITA) application within the CimatronE CAD/CAM solution.
"This new development offers Cimatron customers the combined benefits of CimatronE's functionality with Iscar's machining expertise," said Ira Bareket, Cimatron's VP Sales and Marketing.
The ITA recommends optimal tools and cutting conditions based on manufacturing information provided by the programmer. This information includes machine power, adaptation, and depth and width of material to be machined. CimatronE customers receive connectivity to the ITA online portal where they can define the relevant manufacturing information and then load into CimatronE the ITA's recommended cutters, holders and cutting conditions. The customer utilizes ITA's recommendations to create optimal NC procedures, resulting in shorter machining time and longer tool life.
"Selecting the appropriate tools and machining conditions for a job is often far from optimal," said Mr. Bareket. "NC programmers typically choose the tools and technologies based on their previous experience. However, there may be other tools and technologies that can offer shorter machining times and longer tool life. The combination of CimatronE NC with ITA offers programmers instant and the most up-to-date information to achieve optimal results for the job at hand."
The CimatronE-ITA innovation was first introduced at the EMO show in Hannover last month and received significant praise from visitors.
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
Email: [email protected]
Chief Financial Officer
Phone: +972 73 237 0114
Email: [email protected]