Novi, MI – August 3 2011 - Cimatron Technologies Inc., a subsidiary of Cimatron Limited (NASDAQ and TASE: CIMT), announced today a seminar for mold and die makers jointly hosted by Cimatron, ISCAR and Hemaq. The seminar will take place on Aug 3 and 4 at Hemaq Headquarters in Monterrey, Mexico.
The seminar will include presentations by Hari Sridharan, VP Engineering for Cimatron Technologies Inc., and Doron Cohen, Product Manager at ISCAR.
Live machining will accompany presentations, using two Okuma machines - a 3 Axis MB66V and a 5-Axis MU400 - fitted with ISCAR cutting tools, and programmed by CimatronE. CimatronE is a CAD/CAM software solution for mold, tool and die makers as well as manufacturers of discrete parts that covers the entire manufacturing process from quoting to delivery.
Among the topics that will be covered and demonstrated are high feed cutting and drilling for plate machining. High Feed cutting, programmed by CimatronE, showcases fast material removal with ISCAR's specialized cutters. Drilling is programmed by CimatronE's Automated Drill, which automatically assigns procedures to holes based on their properties. This greatly simplifies NC programming of plates for molds and dies.
The seminar will also feature machining strategies for the production of a mold core for the automotive industry. Positioning and continuous milling on the core will demonstrate the benefits of 5-axis machining with short robust tools to increase quality and shorten machining times.
Cimatron North America offers its products and services throughout Mexico, and partners with Hemaq and ISCAR Mexico to provide full solutions for tool makers and manufacturers which dramatically reduce machining times.
"We are looking forward to this event in Mexico," Mr. Sridharan said, "where mold and die makers will be able to learn how the combined technology solutions that Cimatron, Hemaq and ISCAR provide can greatly speed up NC programming and machining."
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