Givat Shmuel, Israel – June 15, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) announced today that it will showcase the latest versions of its software solutions at Technologia Israel. In addition, live machining will take place on two machines in the Israel Machine Tool Ltd. (IMTL) booth.
The Cimatron Group, one of the seven largest global CAD/CAM suppliers, offers specialized solutions for mold and die makers, as well as solutions for 2.5-5 Axis production milling and turning.
New versions of Cimatron's two main product lines, CimatronE 10.0 and GibbsCAM 2011, will be on show at the exhibition. The show will also preview the new patent pending CimatronE SuperBox, a toolpath off-loading and processing acceleration device that dramatically shortens NC programming time.
Also at the show, a 3-Axis milling machine powered by GibbsCAM will demonstrate VoluMill— ultra high performance material removal technology.
GibbsCAM VoluMill generates toolpaths optimized for volumetric material removal, based upon desirable material removal rates, by using continuous tangential motion, specialized contour ramping and adaptive feed rates to achieve the highest feeds and speeds possible. By leveling tool load, maintaining constant machine-tool motion and using high-speed-repositioning, the software produces more efficient toolpaths, extends tool life and significantly reduces cycle times.
A second machine, the Nakamura WT 150— with two spindles and two turrets, will demonstrate efficient Multi-Tasking Machining (MTM). GibbsCAM is one of the few solutions on the market powerful enough to successfully program MTM machines with multiple spindles and turrets.
Technologia started on June 14th and will continue through June 16th in Tel Aviv, Israel. Cimatron Group will demonstrate GibbsCAM and CimatronE (hall 1, booth 37), while machining will take place in IMTL's booth (hall 1, booth 46-47).
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