Monday, Oct 29, 2007 5:00 AM
Givat Shmuel, Israel - October 29, 2007 – Representatives from all over the world gathered in China for the annual conference of subsidiaries and resellers of Cimatron (NASDAQ: CIMT) – a leading provider of CAD/CAM solutions for tooling and manufacturing.
"China represents a significant growth opportunity for Cimatron," said Danny Haran, CEO and President. "Holding our global conference here is another evidence to the strength of our commitment to this market."
The conference took place in Beijing, October 14-19. More than 80 participants from over 20 countries took part in the event. Keynote speaker was Mr. Chao Yanan, General Secretary of China's Die & Mold Industry Association, who reviewed the industry's latest developments in China.
This annual event is where Cimatron worldwide representatives get together to share knowledge related to the most advanced solutions for mold makers, die makers, and manufacturers of discrete parts.
"It has been an honor to host our Cimatron colleagues from all around the globe," said Lang Yan, General Manager of Cimatron China. "This remarkable gathering of experts in tooling and manufacturing is a unique opportunity to learn from each other so we can better serve the industry and our customers."
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://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.