Givat Shmuel, Israel – May 11, 2011 – Cimatron Limited (NASDAQ and TASE: CIMT) announced today that its recent global resellers conference, held last month, attracted over 100 delegates from around the world.
The conference gathered resellers of Cimatron Group's two flagship product lines, CimatronE and GibbsCAM, and marked three successful years of operation under the merger between Gibbs and Associates, and Cimatron.
Danny Haran, President and CEO of Cimatron Group, presented the product strategy of the Group and re-enforced the decision to maintain two separate product lines serving two distinct market segments— CimatronE, which offers unmatched productivity gains for mold makers and die makers for the design and machining of molds and dies, and GibbsCAM, which offers superb multi-axis machining capabilities for individual part manufacturing.
"We are very pleased with our business direction which has so far proven to deliver excellent results", said Mr. Haran, "and we will continue to introduce more innovation and value for our customers in both the CimatronE and GibbsCAM product lines."
Guest speakers at the event included representative from GibbsCAM customer Center Rock, who thrilled the delegates with the remarkable story of how they designed and produced, in no time, the special air drills that were used to rescue the 33 Chilean miners trapped underground last year.
The conference introduced CimatronE 10 and GibbsCAM 2011, the latest in Cimatron Group's software. It also featured the CimatronE SuperBox, an innovative offloading and processing acceleration device for toolpath calculations.
With over 28 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