Givat Shmuel, Israel – March 17, 2009 – Cimatron Limited (Nasdaq: CIMT), a leading provider of integrated CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts, announced that it will collaborate with customers as well as machine tool builders at Italy's Eurostampi trade show on March 19th 2009 to display proven results.
CimatronE will be featured at the stalls of Drilling and Co. (hall 5, stall H53), at Cisastampi Moldmakers (hall 6, stall K42) and at Makino (hall 6, stall C5). Cimatron's Italian subsidiary Microsystem will be showcasing the latest versions of CimatronE and GibbsCAM in hall 6, stall K32.
Drilling and Co. specialize in deep "gun drilling" for use in plates and molds. At the tradeshow they will be showing a simulation of their 5/7 IMSA machine which has been programmed using CimatronE Automated Drill. Automated Drill is CimatronE’s advanced drill programming application which reduces drill programming time by up to 80%. It supports 2.5-5-axis drilling as well as gun drilling.
Cisastampi specialize in the engineering and production of parts with a high technological content and complex geometry in diverse sectors such as plumbing, heating, industrial wiring, hardware, pressurized components and small, high precision technical components. Cisastampi will display various parts they have designed and machined using CimatronE in their stall and Microsystem will also display one such mold in the CimatronE booth.
Makino, a Machine Tool Builder with whom Cimatron has maintained close ties in Italy, will display a simulation of the cutting of a titanium gear leaver for the motorcycle industry programmed by Cimatron. The part will be cut at high speed on the Makino D500 5-Axis vertical machining center live at the trade show.
"We are encouraged that despite the current situation, this tradeshow is set to be very busy and vibrant," said Enrico Gardini, managing director of Microsytem. "We are nurturing partnerships with customers and machine tool builders that are tighter than ever and our message is clear: Technology must be seen as a means to the end of the crisis because technology promotes efficiency. The market is nervous and when shops have jobs, they have to deliver them fast. As a provider of technology, we deliver a remedy to the problem."
New Versions of GibbsCAM, which was released last year and CimatronE, which will be released later this year, will be displayed at Microsystem's stall.
Eurostampi is an international dies and molds, presses and injection machine exhibition. It will take place from March 19th to 21st 2009 at the Parma Fairground along with other tradeshows relevant to the machining industry including MEC SPE, specialized mechanic expositions, SubFornitura, the exhibition of subcontracted industrial processing and more.
With over 25 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM 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, 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 is publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the company 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 the company’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 the 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 Cimatron products and services, long sales cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company’s filings with the Securities and Exchanges Commission. The company 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 3 5312098
Chief Financial Officer
Phone: +972 3 531 2121
Phone: +972 3 611 4466
+972 50 762 6215