Thursday, Jun 23, 2011 5:00 AM
Givat Shmuel, Israel – June 23, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) announced that its resellers will partner with three machine tool vendors at the InterMold Thailand show. The resellers will also showcase the latest version of CimatronE in their respective booths.
Cimatron's two local resellers, Saeilo Thailand and MyGrowTech, have built partnerships with various machine tool vendors. These partnerships allow resellers to cater more effectively to the needs of customers and to ensure the highest level of compatibility between products.
Cimatron reseller Saeilo Thailand will partner with Mectron (http://mectron-inc.com), a Japanese machine tool builder, to present live cutting, demonstrating CimatronE's high performance milling capabilities, with high surface quality results. Cimatron reseller MyGrowTech will partner with two established machine tool vendors at the show— HSM Machinery Co., Ltd. (http://www.hsm.co.th) and Siam Elmatech Co., Ltd. (http://www.siamelmatechgroup.com).
The newest version of CimatronE— CimatronE 10— will be on display in the booths of both resellers. This new version contains over 150 major enhancements and new functionality for mold makers, die makers and manufacturers in the areas of Quoting, Tool Design, Drafting, Electrode Creation and NC Programming. The latest enhancements provide extensive competitive benefits for toolmakers, in a single integrated solution.
CAD enhancements provide stronger, more powerful capabilities, including a new built-in Motion Simulator, which specializes in tooling and provides an advanced, event based analysis of kinematics. Die makers will enjoy an easier, more intuitive strip design process and greater automation for tool design. Mold designers will enjoy a faster process and benefit from new applicative tools for the creation of lifters and inserts.
CAM enhancements dramatically increase programming productivity, with background calculations and enhanced multi-core processing. Machining times are reduced, with significant upgrades to rough and cleanup strategies, and there is a new helical finish strategy.
In addition, Moldex 3D, a plastic flow analysis tool available from within CimatronE, will be on display. This add-on shows a full 3D visualization of the plastic injection process, allowing mold makers to evaluate the welding line, air traps, flow balance, cooling time, number of gates needed, and location of the gates.
InterMold Thailand will be held in Bangkok from June 23rd through June 26th. Saeilo's booth is M25; MyGrowTech's booth is MD29-30.
With over 28 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM software 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, 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 and the Tel Aviv Stock 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 0114