Monday, Mar 9, 2009 5:00 AM
Givat Shmuel, Israel – March 9, 2009 – 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 it has invited experts in engineering from the Institut National des Sciences Appliquées de Lyon (INSA) to preview new versions of Cimatron's software at Industrie Lyon Trade Show (Stall 6.H.009).
Cimatron's distributor in France, FB Systems, is located on the Lyon University Campus and has forged strong links with the academic community. INSA Lyon is ranked among the top universities of Science and Technology in Europe. It offers a 5 year curriculum in which it trains humanist multi-competent engineers who are both innovative and entrepreneurial.
"We are looking forward to impressing INSA engineers with new enhancements that are part of the latest version of CimatronE," said Franck Besson, Managing Director of FB Systems, CimatronE's main distributor in France. ""Version 9.0 of CimatronE contains over 200 enhancements across all modules that are available separately or as a complete integrated suite. There are significant advancements in automation for moldmaking, keeping with Cimatron's winning formula of flexible automation. Die making innovations feature a brand new Transfer Die application and enhancements to the Progressive Die application and a new DieQuote Generator helps Die shops produce accurate quotes and win more jobs."
CimatronE will be displayed alongside another software product of the Cimatron Group - GibbsCAM. GibbsCAM is sold in France by distributor Productec. The 2009 version of GibbsCAM was released at the end of last year and also contains a wide range of productivity enhancements for milling, mill turn and High Speed Milling.
About Industrie Lyon
With 1,000 exhibitors expected, INDUSTRIE Lyon proposes all the solutions in equipments, components, products and services for all the stages from industrial manufacture to conception and production and subcontracting.
The force of the INDUSTRIE exhibition lies on a wide and complete nomenclature which covers all the industrial conception and production stages. Sections of the exhibition include, Materials, Robotics, Machine tools, Thermal equipment, environmental protection as well as information technology.
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.