GIVAT SHMUEL, Israel, June 12, 2014 /PRNewswire/ --
Cimatron Limited (NASDAQ: CIMT) today announced that live machining demonstrations powered by CimatronE will be held at the Metalloobrabotka trade fair in Moscow, Russia (June 16-20, 2014). CimatronE provides integrated design and NC programming solutions for mold and die makers and manufacturers of discrete parts.
"Cimatron has been serving the Russian aerospace, automotive and mechanical industries for over 20 years," said Mr Ira Bareket, Cimatron's VP Sales and Marketing. "The NC programming capabilities of CimatronE, from 2.5-axis to 5-axis, continue to ensure that Russian manufacturers are able to successfully machine all part types in minimum time while maximizing both quality and efficiency.
"Meeting the exacting needs of our customers, CimatronE 12 provides short engineering setup time, safe and efficient toolpaths, a careful balance between automation and manual control, confident machining with high level simulation, and post processors for any machines and controllers."
In addition to the CimatronE display at the Bee-Pitron booth (pavilion 7, hall 3, booth B20), live machining demonstrations powered by CimatronE will be held at the booth of tool company TM-tech (pavilion 4, hall 2, booth A10) during the course of the fair.
Among the parts to be manufactured is a miniature boat model, machined on a Twinhorn HF-380 Horizontal Machining Center using CimatronE 3-axis functionality, including swarfing. Miniature trophies will be machined on a Vario Continuous 5-axis Machine and Tajmac-ZPS H-500 Horizontal Machining Center.
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:
Ilan Erez Chief Financial Officer Cimatron Ltd. Phone: +972-73-2370114 firstname.lastname@example.org
Idit Pass Lagziel Marketing Manager Cimatron Ltd. Phone: +972-73-237-0298 email@example.com
Investor Relations contact: Ehud Helft/Kenny Green GK Investor Relations Tel: (US) +1-646-201-9246 firstname.lastname@example.org
SOURCE Cimatron Ltd