Cimatron Sees Growth in Japanese Market
Software's CAD/CAM capabilities to be shown at MECT trade show, Japan
GIVAT SHMUEL, Israel, October 16, 2013 /PRNewswire/ --
Cimatron Limited (NASDAQ: CIMT) today announced that CimatronE 11, the latest version of its acclaimed integrated CAD/CAM software solution, will be shown at the Mechatronics Technology Japan (MECT) trade show in Nagoya, October 23-26.
"With the Japanese economy experiencing immense growth, many local manufacturers are turning to Cimatron as a way of ramping up their production levels, and sales of CimatronE have increased as a result," said Mr Kobi Rosenwasser, Cimatron's VP Asia Pacific.
"CimatronE has a long and successful track record in Japan, and the software is uniquely placed to offer local manufacturers innovative machining strategies and programming efficiencies that can reduce production time while guaranteeing more accurate milling and better surface quality.
"CimatronE's 5-axis solution, for example, enables machining in deep corners, helping to reduce the need for electrodes. Our Volumill option offers dramatic time savings with ultra-high material removal and extended tool life. Our finish parallel strategy provides an unprecedented degree of automation, with full support for auto milling angles, centralized paths, rounded internal corners, automatic overlaps and air extensions.
"Aside from the benefits offered by CimatronE's capabilities, our Japanese resellers, Saeilo and Camtus, provide a high level of localized training and support, offering manufacturers the peace of mind that their operations can continue to run successfully, no-matter the time or day."
The MECT trade show will include demonstrations of the software at the booths of Saeilo (#1C56) and Camtus (#1C80).
New CimatronE capabilities to be shown include:
Programming efficiency - dynamic setting of milling direction for 3+2 axis milling, the ability to change cutter without recalculation, and a new mechanism for determining toolpath recalculation.
Finish operations - enhanced programming automation and new capabilities for machining near a surface's edge.
VoluMill - ultra high volume material removal capability in both Pocket and Rough offering dramatically reduced machining times and longer tool life.
Material removal simulation - highly accurate results with a new embedded simulator.
5 axis milling - new strategies, including new automatic tilting, enhanced gouge and collision check, new capabilities for swarfing, improved multi-blade machining, and new machine simulation modes.
Automated drilling - new gouge prevention while drilling and collision prevention during connections, and more flexible and powerful sequences for handling a wide range of holes.
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 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
Idit Pass Lagziel
Investor Relations contact:
Ehud Helft/Kenny Green
CCG Investor Relations
Tel: (US) +1-646-201-9246
SOURCE Cimatron Ltd
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