Givat Shmuel, Israel - April 12, 2007 - Cimatron Limited (NASDAQ: CIMT) a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, announced today that Headland Machinery will become its distributor in Australia and New Zealand.
Since its inception in 1949, Headland has built its reputation as a leading distributor of advanced technological solutions for the sheet metal, fabrication, and tooling industries in Australia and New Zealand, representing leading suppliers such as Haeger, Makino, Matsushita, Nakamura, Trumpf, and now Cimatron. Headland offices are located in Melbourne, Sydney, Brisbane, Perth and Auckland, New Zealand.
"Manufacturers and toolmakers worldwide are facing mounting global competition and the challenge of delivering high quality products at lower cost and faster turnaround time," said Kobi Rosenwasser, VP Asia Pacific for Cimatron. "With over 55 years experience and a reputation for providing leading edge technology and superb customer service, Headland is well positioned to deliver and support our advanced CAD/CAM solutions in Australia and New Zealand."
"Cimatron offers high-end yet affordable software solutions that deliver significant benefits to manufacturers and toolmakers. Having a commitment to provide our customers with solutions that would place them at the forefront of the productivity curve, we are very excited to add Cimatron's products to our portfolio," said Annaliese Kloe, Director of Headland Machinery.
CimatronE is the most comprehensive, integrated CAD/CAM solution designed to address the specific needs of manufacturers and toolmakers. Incorporating Cimatron's best-of-breed applications for design, modeling, electrodes, and NC, CimatronE covers the entire manufacturing and toolmaking processes, from quoting to delivery.
Manufacturers attending the upcoming Austech 2007 show (Melbourne, May 22-25) will have the opportunity to view Cimatron's products, including the newly released CimatronE Version 8, at the Headland booth E40.
For additional information, contact Headland Machinery office or visit http://www.headland.com.au/.
With more than 20,000 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. Cimatron's cutting-edge CAD/CAM solutions are widely used in the automotive, medical, consumer plastics, electronics, and other industries.
Founded in 1982, Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron's subsidiaries and extensive distributor network are located in over 35 countries to serve customers worldwide with complete pre- and post-sales support. For more information, please visit http://cimatron.com/
Since its inception in 1949 Headland has continued to offer solutions to customers which best meet the needs of the customer. As an importer of premier products its objective is to market leading edge solutions to the industry, with the customer as the centre of all its efforts.
Headland's qualified employees are committed to providing the very best outcomes, and Headland remains a close and flexible partner to each and every one of its customers. Customer confidence is gained through not only product offering but from product efficiency and continuous investment in training and service. For more information, please visit http://headland.com.au/
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.