Thursday, Sep 24, 2009 5:00 AM
Givat Shmuel, Israel – September 24, 2009 – 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 it will partner with AgieCharmilles at EMO 2009, in Milan starting October 5th.
The latest version of CimatronE will be displayed in Cimatron Group's booth (Hall 9, Booth A12). Additionally, CimatronE will program the cutting of components for mold and die making on a Mikron 5-Axis high speed machine and a Mikron high performance machine, in the GF AgieCharmilles booth (Hall 7, Booth F13).
CimatronE will program the cutting of a punch component of a die tool, made out of 60HRc hardened steel, on the Mikron HPM600 HD high performance machine. The cutting will showcase the ability to cut contours at an accuracy of 5 microns in high performance mode, allowing tool makers to cater for demands on accuracy while reducing cycle time significantly, even when cutting extremely hard metals.
GF AgieCharmilles will use CimatronE's 5-Axis capabilities to power it's high speed Mikron HSM400U 5-Axis Machine. The machine will manufacture a tungsten copper electrode. 5-Axis milling enables the use of a shorter, more robust tool, resulting in precise cutting with a high polish-free surface quality.
CimatronE is optimized for the design and manufacture of molds and dies, with modules that include 5-Axis milling (for tool making as well as manufacture of discrete parts), micro milling (for extremely accurate cutting) and electrode making.
Version 9.0 of CimatronE, which includes powerful new enhancements that decrease cycle times and facilitate a more efficient design and NC programming process, will be on display in the Cimatron Group booth alongside GibbsCAM, Cimatron's additional product line, developed for production milling and turning.
"GF AgieCharmilles are keen to show visitors the level of surface quality and accuracy their machines can achieve with even shorter cycle times, and we are glad that our software is facilitating these results," said Danny Haran, CEO of Cimatron Ltd. "EMO is an opportunity for Cimatron to prove the effectiveness of its software on the industry's most advanced machines, live, in front of an audience."
Cimatron Group's booth at EMO and its collaboration with Machine Tool Vendors will be facilitated by its Italian subsidiary Microsystem.
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 is publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the company 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 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.
For More Information Contact:
Idit Pass Lagziel
Phone: +972 3 5312098
Chief Financial Officer
Phone: +972 3 531 2121