Givat Shmuel, Israel – May 11, 2005 – Cimatron Limited (NASDAQ: CIMT), a leading global provider of integrative CAD/CAM software solutions for the tool making industry, today announced a distribution agreement with MESCO, a leading provider of machining technologies in the Philippines. Under the agreement, MESCO will sell and support Cimatron's renowned tooling design and manufacturing solutions.
The agreement with MESCO is part of Cimatron's continuing efforts to provide competitive software solutions to the Asia-Pacific market through enhanced product offering, improved support and increased distribution channels.
"Our 49 year history selling machine tools and metalworking equipment in the Philippines qualifies us to understand the growth opportunity that exists in this market," explained Allen Lee, MESCO president. "We were looking for a top-flight CAD/CAM solution that is easy to use and easy to learn, and with Cimatron we have a perfect fit. MESCO is both excited and optimistic to be associated with Cimatron's reputation as a trusted brand for toolmakers".
Cimatron E is a comprehensive integrated design and manufacturing system for toolmakers. Cimatron E is designed for any tooling application – from part analysis and preparation tools, to drawing and machining. Dedicated applications for mold and die makers and the best-in-class Electrode package are all designed to make toolmakers more productive and competitive. The software guarantees fast delivery time through high levels of automation, unique applicative tools and full associativity.
"When sales and support is at issue, global companies do best to act locally in order to succeed," explained Zvika Naggan, Cimatron president and CEO. "The framework of our distribution arrangement with MESCO is indicative of other successful ventures that Cimatron has managed in growth markets throughout the years. With MESCO we have a well-respected, regional organization that understands its local market conditions, cultural nuances and business protocols. "
Guided by its mission – "To acquire knowledge in the field of metal manufacturing technology and to serve the industry by disseminating this knowledge with clients and partners" – MESCO has grown to be a leading supplier of machine tools and engineering products in the Philippines since 1956.
The company is celebrating its golden anniversary in 2006 and aims to continuously improve its technical expertise and physical facilities as well its growing staff of about 165, composed of sales, service and administration. Most of the company's sales and service force have had intensive training here and abroad. The company has also regularly brought in technical experts to conduct both theoretical and practical training for the industry.
MESCO has always prided itself in supplying the best machine tools, engineering products, and technology available in the world market. Its 8,000-sq.-meter facility located at Reliance cor. Brixton Sts., Pasig City, Metro Manila, houses a combination of offices, display center, manufacturing facility and service warehouses.
Cimatron (NASDAQ: CIMT) is the leading provider of integrated, quoting-to-delivery CAD/CAM solutions for the tooling industry. Cimatron is committed to providing mold, tool and die makers with comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time. Worldwide, more than 8,500 customers, with installations in the automotive, consumer plastics, and electronics industries, employ Cimatron's cutting-edge CAD/CAM solutions for manufacturing. 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-sale support. For more information, visit our web site at http://www.cimatron.com.