Givat Shmuel, Israel, – August 30, 2006 – Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM solutions for tool making and manufacturing, and Iscar, amongst the world's largest producers of metalworking tools, held a well-attended joint 5-axis manufacturing seminar late last month near Istanbul, Turkey.
Aimed at furthering the adoption of 5-axis solutions in Turkey's ever-expanding, European-facing manufacturing market, the seminar, hosted by Umtas A.S. and Iscar Turkey, was conducted at the recently-opened Iscar facility in Gebze, – an industrial zone near Istanbul. Over 300 manufacturers from across Turkey gathered for lectures and hands-on demonstrations from both Cimatron and Iscar engineers.
"Iscar has long recognized the industry shift toward 5-axis milling, and put the full power of our worldwide R&D to work creating 5-axis tools that meet manufacturers' needs," said Mr. Atilla Hacisuleymanoglu, General Manager of Iscar in Turkey. "We look forward to future cooperation with Cimatron to help advance Turkish manufacturing by providing advanced tools and software that facilitate the adoption of 5-axis solutions," he continued.
CimatronE NC 5-Axis Production is a complete 5-axis solution, including all applications required for 5-axis machining. The solution features full user control over every aspect of machining - including tool orientation, clearance area, entries and exits, links between lanes and layers, collision avoidance, and connection motions between operations. CimatronE NC 5-Axis Production delivers all the tools required to create highly-efficient, gouge-free toolpaths that produce complex parts with top-notch surface quality.
"We have worked closely with our veteran Turkish distributor, Umtas A.S, to strengthen our relationship with Iscar in Turkey," noted Danny Haran, CEO of Cimatron. "This seminar represents our first step with Iscar towards joint promotion of 5-axis solutions in Turkey" he concluded.
Cimatron is a leading provider of integrated, CAD/CAM solutions for tool making and manufacturing. Cimatron is committed to providing mold makers, die makers and part makers with comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time. Worldwide, more than 8,500 customers (directly and indirectly), with installations in the automotive, consumer plastics, and electronics industries, employ Cimatron's cutting-edge CAD/CAM solutions for manufacturing.
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.
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Idit Pass Lagziel
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