Monday, Aug 30, 2010 5:00 AM
Givat Shmuel, Israel – August 30, 2010 – Cimatron Limited (Nasdaq: CIMT), a leading provider of integrated CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts, announced that the newest version of CimatronE will be unveiled at the International Manufacturing Technology Show (IMTS) this September.
Version 10.0 continues CimatronE's focus on providing higher quality tools in shorter delivery times. The latest enhancements cover the entire tool design and manufacturing process from quoting to delivery, and provide extensive competitive benefits for toolmakers, in a single integrated solution.
CAD enhancements provide stronger, more powerful capabilities, including a new built-in motion simulator, which specializes in tooling and provides an advanced, event based analysis of kinematics. Die makers will enjoy an easier, more intuitive strip design process and greater automation for tool design. Mold designers will find that handling changes is simpler, with more powerful ECO analysis and implementation.
CimatronE 10.0's new Motion Simulation and Analysis verifies the kinematics of tool assemblies.
CAM enhancements dramatically increase programming productivity, with background calculations and enhanced multi-core processing. Machining times are reduced, with significant upgrades to rough and cleanup strategies, and there's a new helical finishing strategy.
"We're proud to preview version 10.0 of CimatronE to IMTS visitors," said Danny Haran, Cimatron's CEO. "This version provides our customers with many powerful new features and enhancements across the board. When upgrading to version 10.0, our customers will feel the difference immediately, with shorter delivery times, as well as higher quality design and manufacturing.
"I am sure that all of our NC customers will highly appreciate the new background calculation of NC procedures - providing the fastest NC programming experience we have ever offered."
IMTS will take place September 13-18, at McCormick Place, Chicago, IL, USA. The Cimatron Group booth number is E-3810.
With over 25 years of experience and more than 40,000 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.
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 under the symbol CIMT. For more information, please visit the Company'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 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 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 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 the Company's business, refer to the Company's filings with the Securities and Exchange 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.
For More Information Contact:
Idit Pass Lagziel
Phone: +972 3 5312098
Chief Financial Officer
Phone: +972 3 531 2121