Supports all Okuma Machines
MOORPARK, CA – December 2, 2013 – Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM software solutions for the toolmaking and manufacturing industries, today announced that its GibbsCAM® software for programming CNC machine tools will be featured at the 2013 Okuma Technology Showcase. The event is a three-day open house at the Okuma and Partners in THINC® Headquarters in Charlotte, North Carolina. Okuma will have its latest technology on display, and will demonstrate the versatility and rigidity of many of its machines with live machining, including 5-axis and multi-axis, multi-task machining (MTM). Also, in celebration of the 50th anniversary of its OSP control, Okuma will make available its THINC OSP-P300 control for hands-on trials, and will hold several daily demonstration seminars ("demonars") on various topics revolving around application and implementation of their technology. The 3-day event runs from December 10-12, 2013 at 12428 Sam Neely Road, Charlotte, North Carolina. GibbsCAM ease of use, versatility, efficiency, and range of capabilities will be demonstrated. Visitors should register in advance at www.okuma.com/events or at the event page, which also provides additional information.
Gibbs and Associates, a Cimatron Group subsidiary, is a member of Okuma America's Partners in THINC, a collaborative network of over 40 companies that service the metal-cutting and manufacturing industry with specialized software, equipment, expertise and a commitment to solve problems and increase productivity for end users. With Okuma's open architecture, PC-based THINC-OSP control as its nucleus, Partners in THINC strive to provide the best possible integrated solutions to end users. Gibbs accomplishes this with GibbsCAM, which supports all of Okuma's machine tools, from the simplest 2-axis lathes and 3-axis mills to the most capable multi-tasking lathes and simultaneous 5-axis machining centers. Whether parts have simple geometry needing only 2.5-axis milling or 2-axis turning, or complex geometry requiring use of 5-axis machining or multi-task machining (MTM), GibbsCAM can program them efficiently, verify toolpaths with gouge detection and interference checking, and dynamically simulate toolpaths on virtual machines before accurately post-processing them to generate optimal NC programs. Using the multiple features of GibbsCAM, manufacturers eliminate scrap, reduce cycle times, and maximize efficiency, safety and profits.
About Gibbs and Associates and GibbsCAM
For over thirty years, Gibbs and Associates has been a leader in providing cutting edge CAD/CAM technology, while maintaining its signature ease-of-use and productivity. Powerfully Simple, Simply Powerful is the guiding philosophy at Gibbs. Gibbs believes in empowering the NC programmer, machinist, and manufacturing engineer, not eliminating them. Gibbs' goal is to introduce manufacturers to new technologies and new ways of working that makes their machining easier and their businesses more profitable. To achieve this goal, Gibbs creates tools that are naturally intuitive, graphically interactive, extremely visual, associative, and just plain enjoyable to use. Gibbs provides a total quality solution with the service and support that successful customers require.
The current GibbsCAM product line supports 2- through 5-axis milling, turning, mill/turning, multi-task simultaneous machining and wire-EDM. GibbsCAM also provides fully integrated manufacturing modeling capabilities that include 2D, 2.5D, 3D wireframe, surface, and solid modeling. GibbsCAM is Compatible with Windows 7, Windows 8 and Certified for Windows Vista. GibbsCAM's data exchange capabilities are able to access the broadest range of native and industry standard CAD data formats. GibbsCAM is certified under the Autodesk Inventor Certified Program, is a Siemens Solution Partner Program-PLM for Solid Edge product, is a Gold Tier Partner within the PTC Partner Advantage Program and is a SolidWorks Certified CAM Product. GibbsCAM is either offered or endorsed by a number of leading worldwide control and machine tool manufacturers, including GE Fanuc, Infimatic, Siemens, Doosan Infracore, DMG / MORI SEIKI, Haas, Index, MAG, Mazak, Mitsubishi, Okuma and Tornos. Gibbs and Associates distributes its products worldwide through a network of international Resellers.
In January 2008, Gibbs and Associates merged with Cimatron Ltd., and is now operating as a wholly owned subsidiary. For more information about Gibbs and Associates and its CAM software packages, visit www.GibbsCAM.com or call 1-800-654-9399 (outside of North America: +1-805-523-0004).
With over 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, 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's shares are traded on the NASDAQ under the symbol CIMT. For more information, visit http://www.cimatron.com.
The Gibbs logo, GibbsCAM, GibbsCAM logo, Virtual Gibbs, and "Powerfully Simple. Simply Powerful." are either trademark(s) or registered trademark(s) of Gibbs and Associates in the United States and/or other countries. Microsoft, Windows and the Windows logo are trademarks of the Microsoft group of companies. All other brand or product names are trademarks or registered trademarks of their respective owners.
Safe Harbor Statement
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 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 Gibbs and Associates or 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 its filings with the Securities and Exchange Commission. The company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Gibbs and Associates and Cimatron undertake 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:
Chief Financial Officer
Phone: +972 73 237 0114
Gibbs and Associates
Investor Relations contact:
Ehud Helft/Kenny Green
CCG Investor Relations
Tel: (US) 1 646 201 9246