Tuesday, Dec 21, 2010 4:00 AM
Givat Shmuel, Israel – December 21, 2010 – 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 two distributors have been appointed to serve the Campinas region and Santa Catherina area, respectively, of Brazil.
CimaCAD, based in Joinville city, will cover the Santa Catherina state area, in southern Brazil. The second distributor, MTC, located in Indaiatuba city, will serve the Campinas region of Brazil. Both distributors offer a high level of expertise in tool design and manufacture. They will cater to a wide range of different industries including automotive, household electronics, civil engineering and other tooling and manufacturing industries.
The high level of expertise in tooling that both distributors bring to the table complements CimatronE software's strong mold and die making solutions. CimatronE provides full associativity across the manufacturing process from quoting, through design, and up to delivery, so that all design and manufacture for tooling can take place in one single environment.
"We are happy to welcome CimaCAD and MTC to Cimatron's fast growing Brazil Reseller Network", said Alexandre Censi, Cimatron's country manager for Brazil. "With their strong tooling backgrounds, knowledge of the market, and dedication to service, I am confident that CimaCAD and MTC will provide a robust support system for current and future CimatronE customers."
Cimatron and Mr. Censi are expected to announce shortly the further expansion of Cimatron's activity in Brazil, through the appointment of additional local distributors. Current customers of CimatronE can remain up to date through Cimatron's website, and are encouraged to contact new distributors in their area.
For more information on CimatronE's activities in Brazil please contact:
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's shares are publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the Company'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 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 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 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 the Company's business, refer to the Company's filings with the Securities and Exchange 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 73-2370298
Chief Financial Officer
Phone: +972 73-2370260