Wednesday, Nov 9, 2011 4:00 AM
Givat Shmuel, Israel – November 9, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) announced today that the leading Indian machine tool manufacturer, Bharat Fritz Werner Ltd (BFW), will be featuring Cimatron at its forthcoming evening seminar in Rudrapur, India.
"I am delighted that Cimatron again has the opportunity to work with BFW," said Edsel Vaz, Cimatron's country manager for India. "Cimatron believes in forging strong relationships with machine tool builders as a way of maximizing returns to our customers."
Mr Vaz will be presenting a session on Cimatron at the seminar, addressing the functionality of the company's signature products, CimatronE and GibbsCAM. He will discuss the role CimatronE plays for both toolmakers and manufacturers of discrete parts, especially the turbine blade segment, as well as outlining GibbsCAM's powerful capabilities for lathe, mill-turn and MTM.
"CimatronE and GibbsCAM play an important role in Indian machining, offering comprehensive CAD/CAM solutions for both milling and turning that help organizations achieve quicker ROI from their machines," said Mr Vaz.
CimatronE is an integrated CAD/CAM solution for both toolmakers and manufacturers of discrete parts, which provides full associativity across the manufacturing process, from quoting through design and delivery. Its applications include: mold design, electrode design, die design, 2.5 to 5-axis NC programming and 5-axis discrete part production.
GibbsCAM supports 2- through 5-Axis milling, turning, mill/turning, multi-task simultaneous machining and wire-EDM. It also provides integrated manufacturing modeling, including 2D, 2.5D, 3D wireframe, surface and solid modeling.
"I encourage the invitees to make full use of the presentation," said Mr Vaz. "They should also feel free to contact us for an exclusive display on how Cimatron can meet their machining needs."
For further information on the seminar or to speak to Mr Vaz, email firstname.lastname@example.org.
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
BFW is India's leading machine tool manufacturer. It recently acquired majority stakes in the German machine tool company Matec, and entered into a strategic alliance with Spinner, offering greater choice for material removal with reduced set-ups through a much broader product base of high technology turning machines, turn-mill and machining centers. BFW is spearheading a project to plant 50,000 trees to propagate environment protection, and is instituting scholarships for engineering students. The company has also donated more than ten million Rupees to ensure better healthcare for Indian citizens.
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