Wednesday, May 25, 2011 5:00 AM
Givat Shmuel, Israel – May 25, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) announced today that it will partner with machine tool manufacturer YEONG CHIN MACHINERY (YCM) (www.ycmcnc.com) and YCM's Indian sole authorized dealer, S&T Engineers (www.stengineers.com), at the IMTOS (India Machine Tools Show) trade show, May 26 to 29 in New Delhi, India.
CimatronE is a CAD/CAM software solution for mold, tool and die makers as well as manufacturers of discrete parts. At the IMTOS trade fair, CimatronE will power live machining, demonstrating efficient, high quality milling on YCM machines.
YCM is a world renowned brand offering powerful, high precision CNC machines, with specialized capabilities for the mold and die industry. At IMTOS, a YCM MV series machine will cut a "steering claw" die, showing the surface quality and precision of MV series machines with standard high-surface-quality "Nano" options (i.e. Lookahead, Overlapping Process, Interpolation, Jerk prevention and High Responsive Vector Control). The machining will take place in S&T Engineers' stand (Pavilion 7, Hall 13, Booth 12A).
"We are excited to work with S&T Engineers and to power YCM machines at IMTOS," said Edsel Vaz, Cimatron's Country Manager for India. "This event is just one example of the close collaboration our organizations maintain in order to ensure that our customers achieve the best results with our technology."
"This collaboration at IMTOS shows visitors that CimatronE's CAD/CAM technology and YCM machines are a powerful combination, resulting in high quality machining in short cycle times with very high precision," said Mr. D. Shanmughasundaram, Managing Director of S&T.
As well as maintaining a direct office in India, Cimatron is represented and distributed in India by Aditya Infotech. For more information please visit Cimatron's website at www.cimatron.com.
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