Givat Shmuel, Israel, – November 20, 2006– Cimatron Limited (NASDAQ:CIMT), a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, today announced that it signed an agreement with FDDI, India's premier Footwear Design and Development Institute, to develop a complete Sole Design curriculum centered around the CimatronE ShoeExpress solution.
Bringing together the strength of the Cimatron software package and the prestige of FDDI, the Sole Design course will help students master traditional Sole Design skills, while leveraging the state-of-the-art design tools built into CimatronE ShoeExpress.
Helping designers bridge the gap between concept and manufacturing, CimatronE ShoeExpress integrates powerful CimatronE CAD/CAM functionality with dedicated vertical applications that cover the entire spectrum of heel, sole, model and mold creation. ShoeExpress enables easy creation of production-ready workable molds from computer models - bridging the gap between concept and manufacturing. This allows for drastically reduced time between concept and finished product, while still empowering designers to develop complex soles and heels, with easy on-screen pattern, color, shape and motif alteration.
"As the leading footwear design and development academic center in India, we felt it our responsibility to adopt only the best and most professional design tools available on the market today," noted Mr. V.B. Parvatikar, Technical Director of FDDI. "We chose CimatronE ShoeExpress not only because it's been field-proven by footwear design professionals worldwide, but also owing to its prevalence in the Indian market," he concluded.
Mr. Edsel Vaz, Cimatron's Country Business Manager for India, added that, "Cimatron is honored to have been chosen to shape the future of Indian shoe design, training the next generation of footwear designers with our advanced solutions. We are confident that our solutions will help keep India at the forefront of the global footwear market."
The Footwear Design and Development Institute (FDDI) is India's premier footwear training center - providing training, HRD, design and development, testing and consultancy services to major footwear manufacturers countrywide. Headquartered in Noida, Delhi (NCR), FDDI is an ISO 9001 and ISO 14001 institute, with laboratories that are ISO 17025 certified. With the goal of helping India's multi-million dollar footwear industry maintain its global competitive edge, FDDI actively collaborates with prominent institutions worldwide, such as PFI Germany, and Thomas Bata University.
Cimatron is a leading provider of integrated, CAD/CAM solutions for toolmaking and manufacturing. Cimatron is committed to providing mold, tool and die makers with comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time. With more than 20,000 installations worldwide, Cimatron's customers employ Cimatron's cutting-edge CAD/CAM solutions for manufacturing in the automotive, consumer plastics, electronics, and other industries.
Founded in 1982, Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron's subsidiaries and extensive distributor network are located in over 35 countries to serve customers worldwide with complete pre- and post-sales support. For more information, please 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 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.