Thursday, Feb 16, 2012 4:00 AM
Givat Shmuel, Israel – February 16, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) today announced that CimatronE 10 contains important enhancements for the mobile-electronic industry.
CimatronE 10 offers a new Lifter applicative tool and a new Insert applicative tool. The Lifter application uses commercial or user designed catalog parts to automatically create any type of lifter, no matter how complex. The Insert application creates multiple inserts simultaneously. Both applications automatically create pockets in the relevant mold plates.
"Cimatron's new applicative tools have the potential to dramatically simplify the design of complex molds, leading to significant time savings in mold design process" said Ira Bareket, Cimatron's VP Sales and Marketing.
"These applications are especially useful in the mobile and handheld device industries, where a large number of lifters and inserts are found in molds," said Mr Bareket. "In addition, the Lifter application offers significant advantages in the automotive industry where a quick, easy operation now replaces modeling for complex lifters."
In addition to replacing routine modeling operations, these applicative tools enable Early Machining to take place. As inserts and lifters, and their relevant pockets in the cavity or core can be established at a very early stage of design, they can also be machined earlier. Performing milling and wire EDM operations early significantly reduces overall delivery time.
Click here to view videos on the Lifter and Insert applicative tools.
|Lifters creation in CimatronE||Inserts creation in CimatronE|
With 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 exchange and the Tel Aviv Stock 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 0114