NOVI, Michigan, April 18, 2013 /PRNewswire/ --
Cimatron Technologies Inc., a subsidiary of Cimatron Limited (NASDAQ: CIMT), today announced that it will provide 25 seats of its leading CAD/CAM software CimatronE to the North Iowa Area Community College (NIACC) at no cost.
Working together to address one of the largest crises facing the manufacturing industry - the lack of skilled workers, Cimatron and NIACC's CAD/CAM educational courses will give students the fundamentals needed for success in the field.
"We are pleased to be able to give back to the community in such a way that directly impacts the manufacturing industry," said Mr Bill Gibbs, Cimatron's President North America.
"We appreciate what Cimatron is doing to help colleges like ours offer the highest levels of technology to our students," said Dr. Debra A Derr, President of NIACC.
"Students coming out of this program will be ready to assume a productive role in the manufacturing sector and fill some critical skills gaps that are challenging manufacturers today."
NIACC tool and die instructor Kevin Losee is excited to be trained on the new software so it can be used in classes this fall: "We partner with many businesses in the area and we are always grateful for those partnerships. We are eager to begin this new partnership with Cimatron. The software we will be using from Cimatron is another tool we can use in training our students in the ever changing world of manufacturing."
Continuing education opportunities for existing businesses that utilize the software will also be explored in the future.
With more than 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, 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:
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