Sunday, Nov 13, 2011 4:00 AM
Givat Shmuel, Israel – November 13, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) will exhibit its integrated CimatronE DieDesign solution at the forthcoming FabTech trade fair, North America's largest metal forming, fabricating, finishing and welding event.
"Producing a high quality die within the required time frame is often easier said than done, particularly given the costs and complexities involved," said Mr Bill Gibbs, Cimatron's President North America.
"It is for that reason that Cimatron developed an integrated DieDesign solution predicated on the key factors of speed and accuracy.
"The success of DieDesign in meeting these goals has been overwhelming, with our many customers worldwide lauding the solution's contribution to their competitiveness in a demanding market."
CimatronE DieDesign covers the process from quoting through design, machining and wire EDM. Recent 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 (stations) 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.
"Our customers have commented that DieDesign has enhanced their efficiency by 25-30%, significantly reducing the design time involved in complex strips, as well as helping them to win new business by speeding up the quotation process," said Mr Gibbs.
The FabTech trade show will be held in Chicago from November 14-17, 2011. The Cimatron display and information will be at booth #3137.
With over 28 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 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