Thursday, Jan 13, 2011 4:00 AM
Givat Shmuel, Israel – January 13, 2011 – 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 CimatronE will power a range of different milling machines at the IMTEX trade show in Bangalore, India, January 20th -26th 2011.
The machining will be done in conjunction with Bharat Fritz Werner Ltd. (BFW), a renowned machine tool builder in India. Cimatron and BFW work closely to provide their customers with optimal machining results.
CimatronE will power the machining of blades for the aerospace and civil engineering industries in the BFW booth (1A, A102), including a 4-Axis turbine blade and a 5-Axis Impeller. The blade will be cut with a continuous helical toolpath, working from a shaped stock for optimal machining times and a smooth surface finish. The impeller machining also maintains a very high quality polish free surface while using long tools and thin shanks to remove material between blades.
CimatronE offers a rich selection of machining strategies and dedicated applications for 2.5 to 5 Axis Milling. These include dedicated impeller machining applications that make it simpler for users to program optimal toolpaths that cut efficiently and safely in short cycle times and achieve a very high surface quality without polish.
"We are looking forward to partnering with BFW once again at this event," said Edsel Vaz, Cimatron's country manager for India. "This is another example of successful relationships we have built with Machine Tool Builders that help us to better serve our customers."
With over 28 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 and ultimately shorten product delivery time.
The Cimatron product line includes the CimatronE and GibbsCAM brands with 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 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 2114