Givat Shmuel, Israel – January 19, 2011 – Cimatron Limited (Nasdaq: CIMT), a leading provider of integrated CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts, announced that CimatronE will partner with Haas Automation at IMTEX India, January 20th-26th 2011.
In the Haas booth (3A, A108), a mold component will be machined from hard steel on a 3-Axis Machine. The medium sized part contains very small radii, many of which are located in tight, hard-to-reach spaces. They will be directly machined in one setup without the use of electrodes. This type of direct machining on hard steel saves time and reduces costs.
"We are excited to host live machining in our booth at IMTEX," said Mr. Ujwal Garde, Manager Application & Service at Haas. "Visitors to our booth enjoy seeing the machines at work and judging the results for themselves, first hand. We use CimatronE's NC programming to showcase the very high surface quality that our mold maker series machines can produce in short cycle times."
CimatronE is an integrated CAD/CAM solution for toolmakers and manufacturers of discrete parts, which provides full associativity across the manufacturing process from quoting, through design and up to delivery. Cimatron's fully integrated CAD/CAM solutions use the most advanced technology available to increase productivity and shorten delivery times.
"The IMTEX trade show is a great opportunity to kick-start a very exciting 2011," said Edsel Vaz, Cimatron's Country Manager for India. "Cimatron plans to expand its operations significantly throughout India this year. In doing so, it is important to maintain very strong relationships with Machine Tool Builders and other associates in our industry, as these relationships allow us to provide the best possible service to our customers. We are excited to work together with Haas during the show."
With over 28 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