Monday, Feb 14, 2011 4:00 AM
Givat Shmuel, Israel – February 14, 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 the partnership with Aditya Infotech Limited to increase CimatronE's reach and coverage in India.
Aditya Infotech Ltd. (AIL), the flagship company of Aditya Group, offers a wide range of technological solutions to the Indian Market, through its 25 Branches Network across the country.
The partnership will establish new CimatronE sales and support centers run by Aditya Infotech Ltd. to cover the entire Indian Territory. The move is intended to boost sales and support services to customers in every region of India. Cimatron India will work very closely with the new distributor and will also continue to serve existing customers.
"Aditya's achievements in the field of technology in India are vast and impressive," said Kobi Rosenwasser, Cimatron's Vice-President for Asia Pacific. "Aditya's dedication to service and professionalism has been a key factor in selecting it to be our distributor, and I am confident that this partnership will add significant value to CimatronE's market share in India."
CimatronE is an integrated CAD/CAM solution for toolmakers and manufacturers of discrete parts, which provides full associativity across the manufacturing process from quoting, through design and up to delivery. Products include: Mold Design, Electrode Design, Die Design, 2.5 to 5 Axis NC Programming and 5-Axis Discrete Part Production. Cimatron's fully integrated CAD/CAM solutions use the most advanced technology available to increase productivity and shorten delivery times.
"Aditya Infotech's distribution of CimatronE's solutions enables Indian manufactures to improve their businesses by shortening delivery times, reducing costs and increasing quality," said Aditya Infotech's Director, Mr. Rishi Khemka "AIL's 25 branch offices with sales and support manpower and network of channel partners across the entire country, will help tooling manufacturers to use the power of CimatronE at an affordable cost."
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