New software offers a productivity boost to Italian manufacturers
Givat Shmuel, Israel – September 27, 2012 – Cimatron Limited (NASDAQ and TASE: CIMT) today announced that the new version of its integrated CAD/CAM CimatronE software will be previewed at the BI-MU trade show to be held in Milan, Italy, from October 2-6, 2012.
“CimatronE is well known across Italy as a highly effective, reliable and proven solution for any tool shop seeking to remain successful in a highly competitive market,” said Mr. Gianluca Renzi, CEO of Microsystem, Cimatron Group’s Italian subsidiary.
“Building on this sterling reputation, the new CimatronE 11 offers an array of technologically advanced capabilities that will boost users’ productivity and maximize product quality.
“CimatronE 11’s new ECO tool, for example, will drastically reduce the time spent by designers in handling Engineering Change Orders by analyzing and seamlessly incorporating an unlimited number of changes into an existing model.
“The new advanced analysis tools for a range of functions, such as for springback deform and wall thickness, will boost product integrity and users’ ability to machine with confidence.
“The integration of the acclaimed VoluMill technology in both 2.5-Axis and 3-Axis Rough will enable the ultra-fast removal of high volumes of material.
“The new Quick NC-Process productivity accelerator will ensure the super-fast programming of the entire machining process.
“In short, CimatronE 11 is a major productivity booster for tool shops, and I encourage BI-MU delegates to visit our booth for a demonstration of the software’s features and all the many benefits that it can offer them,” concluded Mr. Renzi.
The Microsystem display at BI-MU will be at booth Pav.11, Stand F50.
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