Wednesday, May 13, 2009 5:00 AM
Givat Shmuel, Israel – May 12th, 2009 – 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 that it will be participating in the open house of the machine tool distributor for Spinner in Italy.
As part of a continuing effort to strengthen partnerships with global machine tool builders, Cimatron's Italian subsidiary Microsystem is working together with UMA machine distributors at their open house in Italy. They will demonstrate the proven results that can be achieved by using Cimatron's two product lines, CimatronE and GibbsCAM, to program various 2.5-5-Axis milling and multi tasking mill-turn machines.
"Cooperation with Machine Tool Builders is a priority for the Cimatron Group," said Kobi Rosenwasser, VP of Global Machine Vendor Partnerships. "We are working together to show that advanced technology is the best response to the difficult economic challenges of 2009. We want to help our customers get ahead of the game this year, so they will be equipped to overcome the crisis."
The Open house has been organized by Utensileria Macchine Attrezzature (UMA), reseller of Spinner Machine Tools, in Bologna, Italy from May14th to 16th.
At UMA Open House, CimatronE will simulate the cutting of an inlet on a Spinner U620 5-Axis machine. The simulation will demonstrate an efficient, gouge-free toolpath used for accurate cutting inside the stock -- leaving the stock's external structure intact.
CimatronE will also program the cutting of three parts on a Spinner DMH 3-Axis high speed milling machine. These include a copper electrode and two molds made of STAVAX® and TOOLOX33® Materials, respectively. The live cutting will demonstrate the accuracy and high surface quality CimatronE can achieve in many different materials at high speed.
GibbsCAM will program the turning and cutting of a hollow punch on a Spinner TC400 Machine with a motorized C-Axis. The live production of this hardened steel part will show the efficiency of GibbsCAM MTM programming, and the high quality finish that can be achieved.
In addition, Renishaw will be showcasing their Productivity+ GibbsCAM plug in, which integrates the creation of probing cycles with the creation of metal cutting tool paths within GibbsCAM.
With over 25 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, enable collaboration with outside vendors, 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 is publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the company web site at: http://www.cimatron.com/
Microsystem is Cimatron's Italian subsidiary and a well-established distributor of software solutions for the Italian manufacturing industry. Microsystem started distributing CAD/CAM systems in 1984, subsequently broadening its offering to cover all phases of the design and manufacturing cycle. With headquarters in Bologna and offices in Milan, Treviso and Ancona, Microsystem provides customers with best-in-class manufacturing solutions and superior technical support.
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 the company'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 the future performance and involve risks and uncertainties, many of which are beyond the company'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 cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company's filings with the Securities and Exchanges Commission. The company 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.
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