GIVAT SHMUEL, Israel, April 23, 2013 /PRNewswire/ --
Cimatron Limited (NASDAQ: CIMT) today announced that its customer, Sharon Tuvia (1982) Ltd., uses CimatronE in its Additive Manufacturing production process of making advanced products, targeted primarily at the aerospace, electro optical and medical industries.
Explains Mr Ronen Sharon, CEO of Sharon Tuvia: "Our Company specializes in manufacturing high-end metal products, meeting stringent demands of quality, precision, strength and low weight. Some products simply cannot be produced using traditional manufacturing methods and require the usage of laser melting additive manufacturing technology."
"We receive from our customers CAD files of their products, and use CimatronE CAD functionality to perform the necessary modifications and preparations of the model in order to make it 'printable'. Once 3D Printing of the part is completed, we use CimatronE NC to finish off the part by drilling holes and threads, and CNC milling of certain faces of the part to achieve the desired surface finish and accuracy."
"We are proud to have highly professional customers like Sharon Tuvia, who push manufacturing capabilities to the limit," said Danny Haran, CEO of Cimatron.
"It is through such cooperation that our products evolve, and we hope to develop more capabilities that would further help streamline hybrid production processes. We see great potential in using multiple manufacturing technologies, such as Additive Manufacturing (including 3D Printing), alongside more traditional technologies like milling and EDM, for producing complex and demanding parts," concluded Mr. Haran.
With 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 exchange under the symbol CIMT. For more information, please visit Cimatron's web site at: http://www.cimatron.com
About Sharon Tuvia Ltd.
With over 40 years' experience in the manufacturing of mechanical assemblies, parts and components used in the aeronautical, medical and electro-optical industries, Sharon Tuvia specialize in producing very complex, highly accurate products, that require a combination of sophisticated manufacturing methods and ingenuity.
The company uses state of the art machinery for 5 axes milling and turning as well as the latest in laser sintering additive manufacturing technologies for the 3D printing of metal parts. Sharon Tuvia's services also include the ability to support and perform high precision 3D measurements of surfaces, curves and Reverse Engineering processes. The company complies with ISO 9001-2008 quality assurance system, ensuring guaranteed quality and reliability of all products manufactured. For more information, please visit Sharon Tuvia's web site at: http://www.sharon-tuvia.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
Email: [email protected]
Idit Pass Lagziel
Email: [email protected]
Investor Relations contact:
Ehud Helft/Kenny Green
CCG Investor Relations
Tel: (US) +1-646-201-9246
Email: [email protected]
SOURCE Cimatron Ltd