Givat Shmuel, Israel – January 24, 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 today that Fitso Soluções em Tecnologia Ltda. has been appointed to serve as a reseller of Cimatron's products in the Sorocaba region and parts of São Paulo city, Brazil.
Fitso is based in Sorocaba city, a large industrial region around 100 km from São Paulo city. The company was founded by Davi Assaf, a CAD/CAM expert with several years of experience in CimatronE. Assaf and his team will provide tool makers and manufacturers in the region with full sales and support services, and help customers to shorten delivery times and reduce costs.
The appointment of Fitso as reseller is part of an aggressive growth plan in Brazil, which is one of the largest industrial centers in the global community. Last December, Cimatron announced two new resellers for Brazil: CimaCAD, based in Joinville city, which covers the Santa Catherina state area in southern Brazil, and MTC, located in Indaiatuba city, which serves the Campinas region of Brazil.
"We are happy to welcome Fitso as Cimatron's third Reseller in Brazil", said Alexandre Censi, Cimatron's country manager for Brazil. "Our efforts to expand our presence through Resellers are proving successful, and we are getting the word out that Cimatron is now stronger and more established in Brazil."
For more information on CimatronE's activities in Brazil please contact:
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