Givat Shmuel, Israel – September 9, 2008 – Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM solutions for tool making and manufacturing, is now selling and supporting the GibbsCAM advanced machining software solutions in Israel.
Cimatron is well established in the Israeli market, serving hundreds of tool makers and manufacturers in a variety of industries ranging from aerospace and defense to electronics and medical equipment.
"Israeli manufacturers are looking for ways to better automate and optimize their processes, resulting in strong demand for advanced manufacturing solutions," said Amir Lapid, Manager of Cimatron's Israeli Operations. "We have been serving this market for over two decades with the Cimatron range of products and GibbsCAM is a vital addition to our offering, enabling us to provide the full spectrum of CAM programming capabilities demanded by our customers. Many customers have already embraced the GibbsCAM solution since it has been made available here."
GibbsCAM solutions provide a broad range of CNC programming capabilities for milling, turning, mill-turn, rotary milling, tombstone-fixtured, wire-EDM, high speed machining, and multi-turret/multi-spindle machining. Modeling functionality tuned specifically for manufacturing supports the creation and manipulation of wireframe, surface, and solid geometries.
Featuring an intuitive user interface, built-in associativity, and simulation capabilities, GibbsCAM empowers manufacturers to increase productivity and elevate responsiveness to customer requirements and design changes.
GibbsCAM supports controllers and machine tools from leading vendors including GE Fanuc, Infimatic, Siemens, Doosan Infracore, Haas, Index, MAG Fadal, Matsuura, Mazak, Mitsubishi, Mori Seiki, Nakamura Tome, and Tornos.
"The Israeli manufacturing sector is recognized worldwide for its sophistication and technological advancements " said Ira Bareket, Vice President of Sales and Marketing, Cimatron Ltd. "GibbsCAM is a perfect solution for the industry's needs and we are extremely pleased with the overwhelming response we have had since launching the product."
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
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.
In January 2008, Gibbs and Associates merged with Cimatron Ltd, (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.