Givat Shmuel, Israel – March 15, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) announced today that it will showcase new enhancements for die making at the INTERMOLD KOREA Tradeshow for the Die and Mold Industry.
CimatronE's Die Design solution has received a very positive reception in Korea since its release five years ago. Last month, Cimatron announced that many of Samsung's tier one manufacturers significantly shortened their delivery times using CimatronE's 3D Die Design solution. Additionally, Cimatron Korea achieved its highest revenue to date in 2010, largely as a result of its success with the CimatronE Die Design solution.
CimatronE's integrated 3D CAD/CAM solution for die design and manufacturing allows users to visualize the vertical axis from the outset, avoiding interference and other errors in the early stages of design. This eliminates most of the expensive, time-heavy "trial and error" work in the finishing stages of projects, allowing die shops to cut their delivery times dramatically.
New enhancements to the Die Design solution offer a far more flexible strip design process. Among the enhancements that simplify the process is the new "insert forming shape" feature, which allows users to insert additional forming shapes at any point during design, while maintaining complete associativity.
There are also enhancements in die tool design, with faster, more automated trimming punch creation. CimatronE's trimming punch feature, which allows users to design trimming punches in one click, can now create multiple trimming punches in the same operation. Additionally the system now supports split matrixes (used to simplify the manufacturing process) and several new types of fasteners.
Intermold will take place in Seoul, March 16th-20th. Cimatron will demonstrate CimatronE's latest Mold, Die and NC Programming solutions, as well as GibbsCAM's solution for Production, in Booth 334.
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, 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