Novi, MI, - May 22, 2006 - Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated, quoting-to-delivery CAD/CAM solutions for the tooling industry, today announced that over four hundred tooling industry executives have signed up to view a recent online seminar (webinar) held April 20, 2006, by its US subsidiary, Cimatron Technologies, Inc., on the topic of tool shop optimization. Titled "Tool Shop Optimization: Why Technology is Not Enough", the webinar was hosted by leading industry publication American Machinist and sponsored by Cimatron and Tooling University. "The record interest in the topic is a direct result of the business and operational challenges placed on the tooling industry by mounting global competition," said Bruce Vernyi, Editor-in-Chief, at American Machinist.
"When faced with these challenges, a common reaction is to grab for the most immediate solution - be it purchasing a new machine, extending business hours, outsourcing, or adding a new, detached software solution," said Sam Golan, President and CEO of Cimatron Technologies, Inc. and a keynote speaker at the seminar. "Despite significant investment, many of these solutions fail to address the problems at hand, leaving tool shop executives in search for answers."
The webinar presentation included an eight-step methodology developed by Cimatron to help tool shops address these issues by analyzing and optimizing their processes from quoting to delivery.
Rich Dorans, Vice President of Operations at PTA Corporation, a recognized leader in injection moldmaking and molding, described in the webinar how PTA was able to flourish in this competitive industry using the Cimatron optimization approach.
"Even with my busy schedule, I managed to stay tuned for the entire presentation," said Rayner Haupt, CNC Programmer/Mold Maker at Huronia Precision Plastics, Inc., who attended the session. "This was an extremely informative session and well worth attending."
Tooling executives that are interested in learning more about tool shop optimization can view a recording of the webinar by signing up on the Cimatron Technologies, Inc. website at http://www.cimatrontech.com/.
Cimatron is a leading provider of integrated, CAD/CAM solutions for the tooling industry. 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. 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.
About Tooling University
Tooling University provides online training courses for people in the manufacturing industry. These courses are delivered through a powerful Learning Management System (LMS) that allows companies to assess training needs and track performance. Tooling University offers general training classes, as well as custom-created material for Fortune 500 manufacturers.
For more information about Tooling University, visit http://www.toolingu.com/ or contact a TU sales representative at 1-866-706-8665.
For More Information Contact:
Cimatron Technologies, Inc.
Phone: (248) 596-9700 x234
Email: [email protected]
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