Givat Shmuel, Israel – May 20, 2013 – Cimatron Limited (NASDAQ: CIMT) today announced that the new CimatronE 11, the latest version of its integrated CAD/CAM software solution, will be demonstrated at the Metaltech trade show in Kuala Lumpur, Malaysia, May 21-25, 2013.
“Time, quality and cost are the three key considerations underpinning the world of manufacturing today, with manufacturers constantly looking for new ways in which to shorten production time, enhance quality, and reduce costs,” said Mr Kobi Rosenwasser, Cimatron’s VP Asia Pacific.
“As our many customers worldwide will attest, Cimatron offers a proven solution in these three areas. Our latest software release, CimatronE 11, in particular employs the latest technologies, new analysis tools, powerful automations, and advanced processes, to provide mold and die designers and machinists with a major competitive edge.
“I encourage visitors to Metaltech to visit our resellers’ booths for a one-on-one demonstration of how they can benefit from all that CimatronE 11 has to offer.”
CimatronE 11 will be displayed at Metaltech at the booths of resellers Saeilo (#2024) and MyGrowTech (#2317).
The particular CimatronE 11 capabilities to be shown at Metaltech include:
• Mold – A new ECO Manager offering highly effective identification, implementation, and documentation of any number of engineering changes in a project; super fast internal parting surface creation; easy lifter pocket creation; and enhanced cooling channel design.
• Die – A new flexible die design environment; a nesting tool for transfer dies; and springback analysis for reducing shop-floor trial-and-error.
• Machining Strategies – Enhanced capabilities in Finish and Rough; ultra-fast high volume material removal tool VoluMill for both Pocket and Rough; and increased drilling automation.
• NC programming – Major programming efficiencies; a new embedded material removal simulator; and greater automation with more flexible and powerful templates.
CimatronE’s sister product, GibbsCAM, will also be demonstrated at the show at MyGrowTech’s booth.
More information about CimatronE 11 is available at http://launch.cimatron.com.
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 software solutions for mold design, die design, electrode design, 2.5 to 5 Axis 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, regarding the proposed public offering. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those anticipated. Such statements relate to, among other things, the satisfaction of the conditions to closing of the offering, market conditions, and risks related to Cimatron’s plans, objectives and expected financial and operating results. 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. 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 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
CCG Investor Relations
Tel: (US) 1 646 201 9246