Givat Shmuel, Israel – April 7, 2008 - Cimatron Limited (NASDAQ: CIMT) a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, announced today that T-Support has been appointed as the company's distributor for the Czech Republic and Slovakia.
Technology-support s.r.o. has been a GibbsCAM reseller in the Czech Republic since 2003. The company has three technical and training offices in Prague, Brno and Koprivnice, as well as two joint facilities with machine makers Mikron Group and Profika in Slovakia.
"The merger of Cimatron and Gibbs allows us to offer the most comprehensive CAD/CAM solution set to toolmakers and manufactures in our territory," said Mr. Vlastimil Stanek, President of T-Support. "We are excited to add the CimatronE product line to our offering."
"Tapping into the pool of established and proven GibbsCAM resellers offers Cimatron a quick and reliable route towards expanding our global distribution network," said Ira Bareket, Cimatron's Vice President of Sales and Marketing. "T-Support has the market knowledge and resources to support Cimatron's existing customers as well as expand our market presence in the Czech Republic and Slovakia."
With more than 20,000 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. Cimatron's cutting-edge CAD/CAM solutions are widely used in the automotive, medical, consumer plastics, electronics, and other industries.
Founded in 1982, Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron's subsidiaries and extensive distributor network are located in over 35 countries to serve customers worldwide with complete pre- and post-sales support. For more information, please visit http://cimatron.com/
About Technology-Support s.r.o.
Technology-support s.r.o. was founded in 2003 to answer a growing market demands for technical and application support for Czech and Slovak users of GibbsCAM software. Expanding its territorial coverage and scope of activities, the company has established three technical and training offices—in Prague, Brno and Koprivnice—as well as two joint technical and training centers with machine makers Mikron Group and Profika in Slovakia.
In addition to the sales, training, and support of the GibbsCAM and Cimatron CAD/CAM solutions, the company provides CNC machine training and technical support. For more information, visit http://www.t-support.cz/.
About Gibbs and Associates and GibbsCAM
For over 20 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 successful customers require.
GibbsCAM is certified under the Autodesk Inventor Certified Application Program, is a Solid Edge Certified Select application, and is a SolidWorks Certified CAM Application. GibbsCAM is either offered or endorsed by a number of leading worldwide control and machine tool manufacturers, including GE Fanuc, Infimatic, Siemens, Doosan Infracore, Haas, Index, Mag Fadal, Matsuura, Mazak, Mitsubishi, Mori Seiki and Nakamura Tome. Gibbs and Associates distributes its products worldwide through a network of international Resellers.
In January 2008, Gibbs and Associates merged with Cimatron Ltd, (Givat Shmuel, Israel, NASDAQ: CIMT) and is now operating as a Cimatron company. For more information about Gibbs and Associates and its CAM software packages, call 1-800-654-9399, or visit the company on-line at http://www.gibbscam.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.