Tuesday, Oct 7, 2008 5:00 AM
Givat Shmuel, Israel - October 7, 2008 – Cimatron Limited (Nasdaq: CIMT), a leading provider of integrated, CAD/CAM solutions for mold, tool and die makers as well as manufaturers of discrete parts, announced that hundreds of tool makers registered to view an online web seminar (webinar) hosted by American Machinist Magazine and sponsored by Cimatron. The webinar examined best practices for making concurrent engineering a success in today's machine shop. A recording of the webinar is now available on the Cimatron website at http://www.cimatrontech.com/.
The event featured keynote speaker David Lindemann, Senior Application Engineer, Cimatron Technologies, Inc. With more than 20 years of experience in the tooling industry, Lindemann defines true concurrent engineering and reveals proven methods for shortening delivery times.
"People have their own idea about what concurrent engineering is. It is not about throwing all the resources of the shop at the job just to get it done and out the door. The idea is to have the ability to start several different design and manufacturing processes simultaneously, keeping everyone current and working along the same path. When facilitated properly, concurrent engineering can be the key to improving delivery times and bottom-line results," said Lindemann.
Lawrence Haftl, Senior Editor of American Machinist, served as the webinar moderator. "The response to the Cimatron Tool Shop Optimization webinar series has been phenomenal. Web casts are an easy, effective and free way to access educational information that can make a difference in a company's success. We encourage our readers to take part in these sessions," said Haftl.
To view the recording of the webinar and for additional information on concurrent engineering, including a white paper on "Concurrent Engineering for Today's Tool Shop", visit http://www.cimatrontech.com/.
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.