GibbsCAM UKM Unveiled
MOORPARK, CA – May 19, 2014 – Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM software solutions for the toolmaking and manufacturing industries, announced today that the 2014 GibbsCAM International Reseller Conference was the largest conference to date. Held in Las Vegas, NV, Gibbs established itself as a worldwide presence with representatives of nearly 20 different countries in attendance. The event was attended by both the Gibbs' worldwide team of Resellers and Cimatron subsidiaries from China, Germany, India, Israel, Italy and Korea. This was Gibbs 24th annual Reseller conference.
Attendees were give a sneak preview of GibbsCAM 2015, including a look at GibbsCAM UKM (Universal Kinematic Machine), a next generation, open-machine architecture release of GibbsCAM, which allows for programming, post processing and machine simulation of both the latest generation as well as future generations of multi-axis CNC machines. GibbsCAM UKM represents a dramatic improvement in the flexibility of programming a wide range of machines, whether Multi-Task Machines, Swiss-style, or 5-Axis mills with rotary and right angle heads. Improvements extend to include tooling, fixturing, simulation, and post processing, as well as optimized toolpath for maximum machine throughput.
The keynote speaker for the conference was Rodney Babcock of Next Intent, a long-time GibbsCAM customer. Next Intent makes unique parts for the space exploration industry, including parts found on the Mars Rover, Mars Science Laboratory, Curiosity Rover, and the Discovery Channel Telescope. His presentation was enjoyed by the entire group and prompted Bill Gibbs to comment, "Rodney reminds the science geeks in all of us why we do this exciting and important work. I get great pleasure from the fact that parts programmed in GibbsCAM are exploring Mars right now."
Other speakers included partners SpaceClaim, a multi-purpose, easy to use 2D/3D solid modeling software offering a fast modeling environment for tooling and fixture design and Sandvik's TDM Systems 4th Generation, a customer oriented tool data management software solution. Both products are natural extensions of GibbsCAM, providing incremental capabilities for GibbsCAM customers.
Presentations from Gibbs Technical staff and subsidiaries included information on tips, tricks, plug-ins, and macros which push the limits of GibbsCAM for maximum speed and productivity.
Robb Weinstein, VP of Sales and Strategic Planning for GibbsCAM, commented, "Our Reseller Conference is a time for us to get worldwide input that affects our future product development in a very real and positive way. We also look forward to it as a time to connect as a global family and plan for our mutual success."
About Gibbs and Associates and GibbsCAM
For over thirty years, Gibbs and Associates has been a leader in providing cutting edge CAD/CAM technology, while maintaining its signature ease-of-use and productivity. Powerfully Simple, Simply Powerful is the guiding philosophy at Gibbs. Gibbs believes in empowering the NC programmer, machinist, and manufacturing engineer, not eliminating them. Gibbs' goal is to introduce manufacturers to new technologies and new ways of working that makes their machining easier and their businesses more profitable. To achieve this goal, Gibbs creates tools that are naturally intuitive, graphically interactive, extremely visual, associative, and just plain enjoyable to use. Gibbs provides a total quality solution with the service and support that successful customers require.
The current GibbsCAM product line supports 2- through 5-axis milling, turning, mill/turning, multi-task simultaneous machining and wire-EDM. GibbsCAM also provides fully integrated manufacturing modeling capabilities that include 2D, 2.5D, 3D wireframe, surface, and solid modeling. GibbsCAM is Compatible with Windows 7, Windows 8 and Certified for Windows Vista. GibbsCAM's data exchange capabilities are able to access the broadest range of native and industry standard CAD data formats. GibbsCAM is certified under the Autodesk Inventor Certified Program, is a Siemens Solution Partner Program-PLM for Solid Edge product, is a Gold Tier Partner within the PTC Partner Advantage Program, and is a SolidWorks Certified CAM Product. GibbsCAM is either offered or endorsed by a number of leading worldwide control and machine tool manufacturers, including GE Fanuc, Infimatic, Siemens, Doosan Infracore, DMG MORI, Haas, Index, MAG, Mazak, Mitsubishi, Okuma and Tornos. Gibbs and Associates distributes its products worldwide through a network of international resellers.
In January 2008, Gibbs and Associates merged with Cimatron Ltd., and is now operating as a wholly owned subsidiary. For more information about Gibbs and Associates and its CAM software packages, visit www.GibbsCAM.com or call 1-800-654-9399 (outside of North America, call +1-805-523-0004).
With over 30 years of experience and more than 40,000 installations worldwide, Cimatron Ltd., or 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, enable collaboration with outside vendors, and ultimately shorten product delivery time.
The Cimatron product line includes the CimatronE and GibbsCAM brands with solutions for mold design, die design, electrode 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 traded on the NASDAQ under the symbol CIMT. For more information, visit http://www.cimatron.com.
The Gibbs logo, GibbsCAM, GibbsCAM logo, Virtual Gibbs, and "Powerfully Simple. Simply Powerful." are either trademark(s) or registered trademark(s) of Gibbs and Associates in the United States and/or other countries. Microsoft, Windows and the Windows logo are trademarks of the Microsoft group of companies. All other brand or product names are trademarks or registered trademarks of their respective owners.
Safe Harbor Statement
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 the company'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 Gibbs and Associates or 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 its filings with the Securities and Exchange Commission. The company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Gibbs and Associates and Cimatron undertake 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
Gibbs and Associates
Investor Relations contact:
Ehud Helft/Kenny Green
GK Investor Relations
Tel: (US) 1 646 201 9246