Givat Shmuel, Israel – June 18, 2012 – Cimatron Limited (NASDAQ and TASE: CIMT) today announced that Tekyaz, the reseller of integrated CAD/CAM solution CimatronE, recently hosted a seminar and machining demonstration in Istanbul, Turkey, together with machine tool manufacturer Mazak and cutting tool producer Iscar.
Ask?n ?digu, the general manager of Onaymak, a CimatronE customer who attended the event, said: "The seminar and milling demonstration showed us how we can take hours off of our manufacturing process with CimatronE's 5-Axis for tooling, when compared to 3-Axis, as well as with CimatronE's roughing capabilities. It also provided us with a great example as to how machines, tools, and the software that they use, must work hand-in-hand in order to create a high quality product."
The seminar was a joint initiative of Tekyaz, Mazak and Iscar. It featured presentations by all three companies and the live machining of a part, showcasing CimatronE's high-speed milling roughing, plunge milling for deep cavities, and 5-Axis continuous surface machining on hard or exotic steels.
"Time and again, CimatronE has proven its worth as the industry's CAD/CAM software solution of choice, maximizing utilization of the latest machining and cutting technologies available," said Mr Ira Bareket, Cimatron's VP Sales and Marketing.
"The seminar offered manufacturers a valuable opportunity to see for themselves how CimatronE produces an optimal program for powering a Mazak Variaxis machine equipped with Iscar's latest cutting tools. CimatronE's 5-Axis program protects the machine from wear, prolongs tool life and offers significant productivity gains by shortening cycle times."
With 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 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