Givat Shmuel, Israel – October 3, 2013 – Cimatron Limited (NASDAQ: CIMT) announced today that it has signed an agreement with MachineWorks Ltd for the integration of Polygonica into its next release of CimatronE.
The Polygonica technology is founded on 20 years of development and provides a full set of fast, robust and powerful polygon/mesh modeling operations, including solid STL healing, Boolean operations, offsetting and simplification. It also provides mesh body metrics, including 3D volume, bounding box and surface area.
Polygonica's mesh/STL CAD capabilities augment the CimatronE hybrid modeling system, by adding powerful mesh-based features to the existing solid/surface/wireframe CAD modeling. Mesh-based modeling is often used in a variety of end-user applications, such as Reverse Engineering, and production of complex 3D shapes.
Commenting on the agreement, Danny Haran, CEO of Cimatron said: "MachineWorks is a long-time partner of Cimatron. Our recent agreement, enabling the integration of the Polygonica technology into CimatronE is yet another step in strengthening our partnership with MachineWorks in support of existing and future manufacturing technologies. We believe Polygonica's state-of-the-art mesh-based modeling can help us bring significant added value to both CAD and NC users."
"We are pleased to provide yet another leading technology to Cimatron and its customers", said Dr David Manley, Managing Director of MachineWorks. "Polygonica is used in the CAD industry, but is also aimed at 3D Printing and Additive Manufacturing users and bureaus. It provides fast, built-in and fully automatic solid model healing to ensure that all models are ready for printing. We are excited about its future potential and look forward to continue working closely with Cimatron", concluded Dr Manley.
With over 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 traded on the NASDAQ under the symbol CIMT. For more information, visit http://www.cimatron.com
About MachineWorks Ltd
MachineWorks' cutting edge software toolkit has been developed over the last 20 years to provide CNC simulation and verification to leading CAM, CNC control and CNC machine manufacturers around the world.
Polygonica, based on MachineWorks' core technology, provides polygon modelling component software for industries such as CAD/CAM/CAE, CFD/FEA meshing, reverse engineering, rapid prototyping, additive manufacturing, 3D printing and other 3D digital applications.
For more information, visit http://www.machineworks.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:
Chief Financial Officer
Phone: +972 73 237 0114
Idit Pass Lagziel
Phone: +972 73 237 0298
Investor Relations contact:
Ehud Helft/Kenny Green
CCG Investor Relations
Tel: (US) 1 646 201 9246