Givat Shmuel, Israel – February 27, 2012 – Cimatron Limited (NASDAQ and TASE: CIMT) has announced that its highly acclaimed machining software solutions, GibbsCAM and CimatronE, will be showcased at the METAV trade fair in Düsseldorf, Germany, February 28 – March 3, 2012.
"GibbsCAM and CimatronE have long been regarded as leading systems for CAD/CAM and the programming of CNC machine tools, and participants in METAV will have an opportunity to see why they have become the solutions of choice for thousands of manufacturers worldwide," said Dirk Dombert, Cimatron's General Manager for Germany.
GibbsCAM (distributed in Germany as Virtual Gibbs) offers European manufacturers solutions for a diverse range of machining needs, including 2- to 5-Axis milling, turning, mill/turn, rotary milling, high speed machining (HSM), Swiss, wire EDM, tombstone machining and multi-task machining.
Key functionalities of the latest GibbsCAM version that will be showcased at the event include automatic color and hole feature recognition, 5-Axis drill cycle options, and support for 5-Axis tilting live tooling (B-axis) on lathes and multi-task machines. Also featured will be GibbsCAM's various HSM capabilities, such as plunge roughing and VoluMill, which yield the lowest bulk material removal costs for most geometry.
CimatronE is an integrated CAD/CAM solution for both toolmakers and manufacturers of discrete parts. The latest version offers powerful capabilities that include 5-Axis milling for any job type, a rich machining strategies library, advanced collision detection and machining simulations, background toolpath calculations, and post-processors for any machine and controller.
The GibbsCAM and CimatronE display at METAV will be in hall 13, booth C113.
With 30 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM 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, electrode design, 2.5 to 5 Axis 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 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 2114