Wednesday, Oct 20, 2010 5:00 AM
Givat Shmuel, Israel – October 20, 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 CAD/CAM Business Development expert Alexandre Censi was appointed Cimatron's Country Manager for Brazil. Mr. Censi will appoint and manage all CimatronE service providers from his office in São Paulo.
"We are very excited that Alexandre Censi, an expert in the local CAD/CAM market, has joined us to lead Cimatron's business in Brazil," said Danny Haran, Cimatron's President & CEO. "Mr. Censi will be responsible for increasing our market share in Brazil and will restructure our local organization to ensure a high standard of support and services for our large base of existing customers across the country."
Mr. Censi brings over 25 years of sales and sales management experience in Brazil, 13 of which were in the CAD/CAM/CAE market. Mr Censi's notable achievements include having built the now-established reseller network of Autodesk in Brazil.
"I am proud to represent Cimatron in Brazil," said Mr. Censi. "The manufacturing industry here is extremely competitive and should benefit from a solution that truly reduces delivery times by catering directly to the needs of toolmakers and manufacturers of discrete parts. The CimatronE product enjoys a strong reputation, for quality and performance, among Brazilian Mold and Die makers. I look forward to improving support and training services, and increasing our exposure as we develop our business here in Brazil."
Cimatron and Mr. Censi will shortly announce the expansion of Cimatron's activity in Brazil through several local service providers. Current customers of CimatronE can remain up to date through Cimatron's website, and are encouraged to contact new service providers in their area once they have been announced.
Mr. Censi's contact details are:
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 website 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