New functionality to be previewed at Amerimold & Plastec East
Givat Shmuel, Israel – June 10, 2014 – Cimatron Limited (NASDAQ: CIMT) announced today that CimatronE 12 will offer full automation over the entire insert design process. CimatronE provides integrated design and NC programming solutions for mold and die makers and manufacturers of discrete parts. The new functionality will be showcased at the Amerimold trade fair in Novi, MI, June 11-12, and at the Plastec East fair in New York, June 10-12.
"Cimatron remains committed to simplifying the work of mold designers and to expediting the machining and production of molds," said Mr Bill Gibbs, Cimatron's President North America.
"One of the exciting features in CimatronE 12 is the new insert design tool, which automates insert design and allows for machining of the insert at an early stage, even before the design of the plate has been completed.
"Aside from reducing design time, the tool also improves the insert quality, ensuring superb mold integrity."
The insert design tool automates most aspects of insert creation, such as design of the insert shape and insert fastening, as well as automatic cutting of the components or plate it goes through. Insert parts can be created using a sketch or by selecting faces and reliefs can be added automatically.
Other new mold design tools in CimatronE 12 to be demonstrated at Amerimold and Plastec East include: a new Moldex 3D module for simulating the cooling of the mold, a new table of ejectors, a new blank refit tool, and a new fully flexible and fully customizable EDM Setup interface.
The Cimatron display at Amerimold will be at booth #702 and at Plastec East at booth #625.
Click here to watch a video about CimatronE's new insert design.
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