Wednesday, May 23, 2012 5:00 AM
CimatronE NC capabilities to be demonstrated at Feira da Mecânica, May 22-26, 2012
Givat Shmuel, Israel – May 23, 2012 – Cimatron Limited (NASDAQ and TASE: CIMT) today announced that its acclaimed CimatronE software will be powering the Mitsubishi Machine Tools' demonstration at the Feira da Mecânica trade show.
"Cimatron values this opportunity to demonstrate how our software is highly effective in milling parts, both simple and complex," said Alexandre Censi, Cimatron's country manager for Brazil.
"Aside from CimatronE's large variety of CAD and NC programming functionalities for molds, dies and discrete production, the software also has some of the most robust post-processors on the market.
"The software offers a rich library of post-processors that can quickly and accurately power practically all 3-, 4- and 5-axis machines, both positioning and continuous, as well as all leading controllers.
"CimatronE also maximizes the power of machines through its range of functionalities and milling strategies, including high speed machining and high volume material removal."
The Mitsubishi Machine Tools booth at Feira de Mecânica (booth G05) will feature several machines that will be using CimatronE for live demonstrations, showing the milling of actual parts.
For more information on Cimatron's activities in Brazil, contact:
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