Wednesday, May 30, 2012 5:00 AM
Givat Shmuel, Israel – May 30, 2012 – Cimatron Limited (NASDAQ and TASE: CIMT) today announced that live machining demonstrations using its integrated CAD/CAM CimatronE software will be held at the BIEMH (International Machine Tool Biennial) trade show in Bilbao, Spain, from May 28 to June 2, 2012.
"Manufacturers, both in Spain and across the world, have long recognized CimatronE's ability to significantly boost their productivity, reduce costs, and enhance the quality of their work," said Mr Victor Gutierrez, the Technical Manager of Cimatron's Spanish reseller Cimatech.
"One of CimatronE's strongest selling points is that every single one of its features was specifically designed with the toolmaker and discrete part manufacturer in mind. From quoting and data import through to design and NC programming, all of its capabilities work together to guarantee the production of top notch molds, dies or discrete parts in record time.
"BIEMH is a valuable opportunity for manufacturers to test-drive CimatronE and to see for themselves what it can do for their business. I particularly urge attendees to view AgieCharmilles' live machining demonstrations, which will be powered by CimatronE."
CimatronE information will be on display at the Cimatech booth – Hall 1, Booth H11. The live demonstrations will be held at the booth of AgieCharmilles – Hall 2, Booth H32-I33 – and will involve the cutting of a part using CimatronE's 5-Axis technology on an HPM 800 U machine.
With 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 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