Wednesday, Nov 16, 2011 4:00 AM
Givat Shmuel, Israel – November 16, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) today announced the nomination of its CimatronE SuperBox for the prestigious EuroMold Award program 2011.
"A common frustration among tool shop management is the time wasted by toolpath calculations, which negatively impacts a shop's productivity," said Ira Bareket, Cimatron's VP Sales and Marketing.
"NC programmers often feel they surrender to the limitations of their PC's calculation power, experiencing overall slowdown in their PC's responsiveness.
"The invention of the SuperBox can only be described as a revolutionary solution to this challenge, with its powerful offloader and accelerator capabilities.
"Its inclusion as a EuroMold Award nominee is an acknowledgement of the device's sheer innovativeness and its capacity to significantly boost tool shop productivity," concluded Mr Bareket.
The patent-pending SuperBox is a software/hardware device that accelerates the performance of NC programming. Through its powerful processing capacity and by absorbing the heavy burden of toolpath calculations, response times are improved and several projects can be handled concurrently without delay. No training or setup is required.
The EuroMold Award 2011 honors exhibitors at the EuroMold world fair for their outstanding and exemplary innovations in the manufacturing sector. The Award winners will be announced at the fair, to be held in Frankfurt/Main, Germany, from November 29 – December 2, 2011. The Cimatron display at the event will be in Hall 8.0, Booth F70.
For further information about the CimatronE SuperBox, please visit www.ncsuperbox.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