Givat Shmuel, Israel – March 20, 2014 – Cimatron Limited (NASDAQ: CIMT) announced today that the forthcoming newest version of its acclaimed integrated CAD/CAM software, CimatronE 12, will be previewed at the MECSPE/Eurostampi trade show, March 27-29, 2014, in Parma, Italy.
"Cimatron's tradition of excellence in reducing production time, optimizing results, and boosting automation, continues with the forthcoming release of CimatronE 12," said Mr Gianluca Renzi, Managing Director of Microsystem, Cimatron's Italian subsidiary.
"The new software will provide major advancements across the entire tool creation process, from data import and design, right through to NC programming and machining.
"For mold shops, CimatronE 12 will provide improvements such as dramatically simplified wedge and insert creation, blank size refit during electrode design, and more confident results with new cooling simulation, including a new tool for the analysis of conformal cooling systems, CimatronE's first solution for 3D printing.
"For die shops, the software will feature simplified and quicker insert design for use in creating forming and bending punches, new blanking options, and engineering change order management for dies.
"In NC programming, there will be major efficiencies in both rough and cleanup, simpler automated drill programming using fewer sequences, improved 5-axis continuous roughing and re-roughing, more accurate stock, and new machine display when defining a procedure. Project management and tracking have also been enhanced with a new NC Setup dialog and the new Job Manager.
"The software will also support the Additive Manufacturing File (AMF) format, the new standard for converting 3D models into digital files for 3D printing and additive manufacturing.
"I encourage visitors to Eurostampi to visit our booth for a preview of these and the many other advancements available in CimatronE 12."
CimatronE 12 will be released officially in coming months, at which stage further details of new and enhanced CAD/CAM capabilities in the software will be made available.
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