Givat Shmuel, Israel – January 7, 2009 – 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 hundreds of tool and die makers attended an online web seminar (webinar) hosted by MetalForming Magazine and sponsored by Cimatron.
In the first part of the webinar, David Lindemann of Cimatron Technologies Inc. walked the audience through a detailed explanation of best practices in integrating die design and manufacturing processes.
A case study presentation by Mark Modglin of Norco Industries demonstrated how the integration of these processes can help tool and die makers improve productivity, responsiveness, and ultimately the company's bottom-line results.
"Having an integrated system allows all the departments to see the same data, which has greatly improved our communication and workflow," said Modglin. "We have been able to cut time out of design, build, and assembly for every project we have been working on. We have also seen great improvement in the handling of engineering change orders due to the parametric features of the Cimatron software."
The webinar was moderated by Brad Kuvin, Editor of MetalForming Magazine. "I believe this session provided the audience with some great ideas of what can be achieved by integrating the design and manufacturing processes," said Kuvin. "The fact that this large number of die makers took the time out of their work day during this busy time of the year to attend this webinar speaks for the urgency to improve operational efficiency that is felt in the industry."
To view the recording of the webinar, visit http://www.cimatrontech.com.
With over 25 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, enable collaboration with outside vendors, 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 is publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the company 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 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.
For More Information Contact:
Director of Marketing
Cimatron Technologies Inc.
Phone: +248 596 9700
Email: [email protected]