Monday, Mar 31, 2014 5:00 AM
Software to be shown at VTM trade show, Denmark, April 1-4, 2014
Givat Shmuel, Israel – March 31, 2014 – Cimatron Limited (NASDAQ: CIMT) announced today that its acclaimed integrated CAD/CAM software, CimatronE, will be demonstrated at the booth of reseller NTI CADcenter at the VTM trade show in Denmark, April 1-4, 2014, booth #5107.
CimatronE is used by many Danish manufacturers with great success. Among local customers is the foundry company, Dansk Skalform, a fabricator of small and complex molded thin-walled castings. The shop recently performed a cutting job using CimatronE with the integrated VoluMill ultra-high performance machining technology. The cutting was performed onsite together with tool vendor KJV and NTI CADcenter on the shop's CNC machine.
"CimatronE with VoluMill and the sidemilling tool from KJV gave us a fantastic new setup for efficient roughing," said Peter Dissing, Dansk Skalform's CEO.
"It was amazing to see the amount of chips being cut from the stock in record time. Cutting time was reduced by some 49% with the VoluMill technology and it was even possible to increase the feed rate to 150% without pushing the machine or the cutting tool to its limits."
Dansk Skalform started using CimatronE's new VoluMill at the end of 2013, but Mr. Dissing says that the company has already benefitted from the decision: "We use CimatronE with VoluMill as much as possible when performing rough operations. It sounds efficient, runs effectively, and continues to help us reduce our costs."
CimatronE's VoluMill functionality will be demonstrated at VTM at the booth of NTI CADcenter. CimatronE's other mold design and NC programming capabilities will also be shown, including: parting, electrode, automated drilling, and 2.5-5 axis milling.
With over 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 under the symbol CIMT. For more information, visit 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:
Chief Financial Officer
Phone: +972 73 237 0114
Idit Pass Lagziel
Phone: +972 73 237 0298
Investor Relations contact:
Ehud Helft/Kenny Green
GK Investor Relations
Tel: (US) 1 646 201 9246