Software to be showcased at Interplastica trade show, Moscow
Givat Shmuel, Israel – January 23, 2014 – Cimatron Limited (NASDAQ: CIMT) today announced that its CimatronE and GibbsCAM software solutions will be demonstrated at the Interplastica trade show, Moscow, Russia, from January 28-31, 2014.
Among the large number of tool shops and manufacturers across Russia that use CimatronE and GibbsCAM is the CAD/CAM Center at the Samara State Aerospace University, a leading contractor for the manufacture of aeronautical parts.
The Center uses both software solutions to manufacture a wide range of complex aeronautical parts on its continuous milling and mill-turn machines for its commercial clients. Its production range includes impellers, turbine blades, hydraulic cylinders, landing gears, mold cores and cavities, and 3-5 axis discrete parts.
Dr Oleg Surkov, the Center's director and an associate professor of aircraft engine manufacturing at the University, noted:
"The Center's tasks are many and varied and the CAD/CAM programs we use have to be both reliable and robust given the fine detail involved in producing often complex, high quality aircraft components. CimatronE and GibbsCAM successfully address our needs, providing us with excellent machining results within our often tight timeframes.
"One of the major benefits of CimatronE is its 3+2 axis programming, especially multidirectional stock. This enables us to machine parts in the one set-up, helping to maximize the use of our machines and reduce the possibility of mistakes. It's also saved us hours in programming and machining time.
"GibbsCAM is successfully used for our mill-turn operations. We've also benefitted greatly from the optimized toolpaths that we can create in the software, thanks to its true simulation and full control over the machining process. GibbsCAM also provides us with a reliable library of post-processors for our machining tasks."
The CimatronE and GibbsCAM demonstrations at Interplastica will be held at the booth of reseller Bee-Pitron, hall 8, booth 83B02.
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 publicly traded on the NASDAQ under the symbol CIMT. For more information, visit 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:
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