Tuesday, Mar 17, 2009 5:00 AM
Givat Shmuel, Israel – March 17, 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 it will showcase the new versions of GibbsCAM and CimatronE at Intermold Korea 2009 on March 18th (hall 3, section 6).
Cimatron Group will sponsor a large island booth at the event which will be divided in half displaying both of the organization's signature software solutions, CimatronE and GibbsCAM. New versions of both product lines will be available for visitors to see.
Version 9.0 of CimatronE contains over 200 enhancements across all modules that are available separately or as a complete integrated suite. There are significant advancements in automation for mold making, keeping with Cimatron's winning formula of flexible automation. Die making innovations feature a brand new Transfer Die application and enhancements to the Progressive Die application and a new DieQuote Generator helps Die shops produce accurate quotes and win more jobs. Machining enhancements include new machining strategies for HSM and 5-axis milling. A new CMM application defines electrode measuring points and probe path.
The new version of GibbsCAM contains a wide range of productivity enhancements for milling, mill turn and High Speed Milling. GibbsCAM 2009 includes a new 3D high speed machining application which facilitates faster programming and more efficient machining. Improvements to lathe capabilities take advantage of the newer high-tech cutting tools to turn harder materials and to machine smoother surfaces; these provide greater efficiency through increased tool control.
"We've put a significant amount of resources and energy into the Korean market because our solutions are highly suited to that market", said Danny Haran, CEO of Cimatron. "Our software lines are user friendly and easy to learn. They also provide the quality and delivery times that Korean toolmakers and manufacturers need to compete on a local and global level".
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.