Givat Shmuel, Israel – September 14, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) announced that its reseller Tekyaz will host the CimatronE 10 conference on September 17, 2011, in Istanbul, Turkey. The conference will introduce CimatronE 10, and offer first hand insights from major worldwide OEMs, BMW and BSH (Bosch und Siemens Hausgeräte GmbH) about the competitiveness of Turkish tool makers and manufacturers.
Speakers will provide conference attendees with advice on how to secure supplier contracts with large OEMs: BMW Purchasing Manager E?ref Mermer and BSH Mold Department Director Hanifi ?çtüzer will detail investments their companies are making in the Turkish market and explain how they select the tool makers they work with.
Cimatron's representatives will offer expert tips as to how mold makers can use CimatronE 10's new enhancements to compress design and manufacturing cycle times, as well as shorten overall delivery times.
The conference will be held at the Sheraton Istanbul and will include networking opportunities and one-on-one meetings with representatives of the different companies. Tickets are available from the Tekyaz website www.tekyaz.com.
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