Wednesday, Jun 4, 2008 5:00 AM
Givat Shmuel, Israel – June 4, 2008 - Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, is expanding the product portfolio offered to the Chinese market.
Cimatron, which already has a significant presence in China, is now adding GibbsCAM software to the product line offered to toolmakers and manufacturers in the region.
GibbsCAM solutions provide a broad range of CNC programming capabilities for milling, turning, mill-turn, rotary milling, tombstone-fixtured, wire-EDM, and multi-turret/multi-spindle machining. Modeling functionality tuned specifically for manufacturing supports the creation and manipulation of wireframe, surface, and solid geometries.
Featuring an intuitive user interface, built-in associativity, and simulation capabilities, GibbsCAM empowers manufacturers to increase productivity and elevate responsiveness to customer requirements and design changes.
GibbsCAM supports control and machine tools from leading vendors including GE Fanuc, Infimatic, Siemens, Doosan Infracore, Haas, Index, MAG Fadal, Matsuura, Mazak, Mitsubishi, Mori Seiki, Nakamura Tome, and Tornos.
With headquarters in Beijing and additional offices in Chengdu, Fujian, Wuhan, Guangzhou, and Wuxi, Cimatron's subsidiary in China has been expanding in support of a rapidly growing customer base and accelerating demand. In addition to its direct sales and support personnel, the company serves the market through over twenty independent dealers and nearly 60 training centers. The GibbsCAM product line will also continue to be available through Forida, GibbsCAM's reseller in Hong Kong.
"Given its strong market presence and remarkable industry expertise, Cimatron's subsidiary in China is the perfect match for expanding GibbsCAM's reach into this high growth region," said Robb Weinstein, Gibbs and Associates' Senior Vice President of Sales and Strategic Planning.
"GibbsCAM's reputation in production and especially in multi-task machining is growing very quickly in China and the rest of Asia Pacific," said Lang Yan, Cimatron's General Manager of Greater China. "We are extremely excited to be able to serve the Chinese market with GibbsCAM along with the rest of the Cimatron product line."
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.
About Gibbs and Associates and GibbsCAM
For over 20 years, Gibbs and Associates has been a leader in providing cutting edge CAD/CAM technology, while maintaining its signature ease-of-use and productivity. Powerfully Simple, Simply Powerful is the guiding philosophy at Gibbs. Gibbs believes in empowering the NC programmer, machinist, and manufacturing engineer, not eliminating them. Gibbs' goal is to introduce manufacturers to new technologies and new ways of working that makes their machining easier and their businesses more profitable. To achieve this goal, Gibbs creates tools that are naturally intuitive, graphically interactive, extremely visual, associative, and just plain enjoyable to use. Gibbs provides a total quality solution with the service and support successful customers require.
The current GibbsCAM product line supports 2- through 5-axis milling, turning, mill/turning, multi-task simultaneous machining and wire-EDM. GibbsCAM also provides fully integrated manufacturing modeling capabilities that include 2D, 2.5D, 3D wireframe, surface, and solid modeling. GibbsCAM has received Microsoft's "Designed for Windows XP/2000" and "Works with Windows Vista" certifications. GibbsCAM's data exchange capabilities are able to access the broadest range of native and industry standard CAD data formats. GibbsCAM is certified under the Autodesk Inventor Certified Application Program, is a Solid Edge Certified Select Product, and is a SolidWorks Certified CAM Product. GibbsCAM is either offered or endorsed by a number of leading worldwide control and machine tool manufacturers, including GE Fanuc, Infimatic, Siemens, Doosan Infracore, Haas, Index, MAG Fadal, Mazak, Mitsubishi, Mori Seiki, and Tornos. Gibbs and Associates distributes its products worldwide through a network of international Resellers.
In January 2008, Gibbs and Associates merged with Cimatron Ltd, and is now operating as a wholly owned subsidiary. For more information about Gibbs and Associates and its CAM software packages, call 805-523-0004, or visit the company on-line at www.GibbsCAM.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 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.