Monday, Mar 10, 2014 5:00 AM
Givat Shmuel, Israel – March 10, 2014 – Cimatron Limited (NASDAQ: CIMT) announced today that its acclaimed integrated CAD/CAM software, CimatronE, will display high speed roughing at the METAV trade show, March 11-15, 2014, in Dusseldorf, Germany.
"CimatronE helps mold shops achieve high speed roughing through its integration of VoluMill, the ultra-high performance machining technology," said Mr. Dirk Dombert, Cimatron Group's General Manager for Germany.
"Recent test cuts in Germany using the integrated VoluMill functionality in CimatronE have demonstrated a fantastic reduction of 42% in the overall machining time of mold plates and up to 30% reduction in the machining time of mold cores.
"Aside from the dramatic reduction in milling time, the VoluMill high speed roughing technology increases tool life, as it maintains constant side step and chip load throughout the milling process."
VoluMill is available for two separate milling strategies in CimatronE: Pocket VoluMill (includes support for open pockets, 2D rest milling, and the option of slotting or side-mill) and Rough VoluMill (which includes the Pocket VoluMill and adds support for full 3D roughing needs).
VoluMill is also available in Cimatron's other leading machining solution, GibbsCAM, for production of discrete parts.
VoluMill functionality and the many other capabilities of both CimatronE and GibbsCAM will be demonstrated at the Cimatron booth at METAV – Hall 14, Booth A119.
With over 30 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 under the symbol CIMT. For more information, 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 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:
Chief Financial Officer
Phone: +972 73 237 0114
Idit Pass Lagziel
Phone: +972 73 237 0298
Investor Relations contact:
Ehud Helft/Kenny Green
GK Investor Relations
Tel: (US) 1 646 201 9246