Machine tool partners to offer live demonstrations using CimatronE
Givat Shmuel, Israel – January 28, 2012 – Cimatron Limited (NASDAQ and TASE: CIMT) today announced that three of India's leading machining solution providers will be performing live machining demonstrations powered by CimatronE at the IMTEX trade show in Bangalore, India, from January 24-30, 2013.
"Manufacturers of molds, dies and discrete parts across the world rely on CimatronE's CAD/CAM software for reliable and accurate machining of any part, regardless of complexity", said Mr Edsel Vaz, Cimatron's Country Manager for India.
"Indian manufacturers have discovered how effective CimatronE's machining strategies really are in powering machines, with record machining times and ultra-high surface quality.
"CimatronE has become the leading solution endorsed by many of India's machine tool companies and we are proud that three of the most prominent machine tool companies, BFW, MTAB and Askar Microns, will be using CimatronE to power their live machining demonstrations at the IMTEX trade show."
The MTAB display at IMTEX (Hall 5, booth B107) will feature the machining of the face of a Buddha, a cellphone casing, a computer mouse cover, and a shoe model. CimatronE capabilities employed will include micro milling.
The BFW machining demonstration (Hall 1A, booth A102) will feature the cutting of a turbine blade and a forging die.
Askar Microns' demonstration (Hall 3B, booth C109) will use CimatronE's 5-Axis.
CimatronE's NC programming capabilities include: built-in CAD functionality, 2.5 to 5 Axis machining, background toolpath calculations, efficient roughing, high quality finishing, plate machining and drilling, micro milling, a rich library of post-processors, and NC setup and tool table reports.
For more information about CimatronE in India, email Mr Vaz at firstname.lastname@example.org.
Detailed information on CimatronE can be found at www.cimatrone.com.
With 30 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