Monday, Apr 30, 2007 5:00 AM
Givat Shmuel, Israel - April 30, 2007 - Cimatron Limited (NASDAQ: CIMT) announced that visitors to the upcoming BlechExpo trade fair in Germany will be able to see the CimatronE DieDesign, which was officially released several months ago. Cimatron's die design application helps produce quality designs in record time, enabling die makers to win more business and carry out more profitable projects.
"Thanks to DieDesign, we are able to win more business," said Thorsten Franke, project manager at Ernst Keller GmbH in Arnsberg, Germany. "Since we can forecast more accurately, we are able to offer our tools at the right price. Today, we are establishing a quotation at an average of only one hour including the blanking, strip layout, and material utilization. Prior to DieDesign, we needed six hours for this kind of work."
The new application is rich with die-specific functions, so designers no longer need to spend valuable time attempting to construct the unique features of a die using general-purpose CAD systems.
"From the very first time we saw DieDesign application, we realized it was the right tool to make us work more effectively," added Franke. "The blanking is absolutely accurate and detailed. In the past, we usually had to perform several modifications on the ready-produced tool or on the laser cutting in order to accomplish a correct part. Since using DieDesign, the scope of modifications in these phases has been considerably reduced."
The DieDesign application is tightly integrated with other parts of the CimatronE CAD/CAM product suite, streamlining the entire product cycle from quoting to manufacturing and the delivery of a complete die tool. More information about DieDesign is available on Cimatron's website at http://www.cimatron.com/.
Visitors to BlechExpo can view demonstrations of the DieDesign application and the entire CimatronE product suite at Cimatron's booth number 5423, located in hall 5. With nearly 650 exhibitors and more than 14,000 expected visitors, BlechExpo is considered one of the world's premier events for sheet metal processing. This year's fair (June 13-16) will take place for the first time at the new convention center in Stuttgart, Germany. For more information and registration, see http://www.blechexpo-messe.de/en/blechexpo.
"We are excited to introduce the new Die Design application," said Dirk Dombert, manager of Cimatron GmbH. "The initial feedback from customers like Ernst Keller GmbH is extremely encouraging, and we look forward to exhibiting such a promising solution in front of all the industry's professionals that will be attending this important event."
With more than 20,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM 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, enable collaboration with outside vendors, and ultimately shorten product delivery time. Cimatron's cutting-edge CAD/CAM solutions are widely used in the automotive, medical, consumer plastics, electronics, and other industries.
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-sales support. For more information, please visit 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 the company'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 the future performance and involve risks and uncertainties, many of which are beyond the company'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 cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company's filings with the Securities and Exchanges Commission. The company 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.