GibbsCAM Founder to Speak at Okuma Open House All Machine Tools to Be Programmed with GibbsCAM 5-Axis & MTM Software PR Newswire MOORPARK, California, November 5, 2012 MOORPARK, California, November 5, 2012 /PRNewswire/ -- Cimatron Limited (NASDAQ and TASE: CIMT), a leading provider of integrated CAD/CAM software solutions for the toolmaking and manufacturing industries,today announced that William F. (Bill) Gibbs will be the speaker at the Okuma "Go Beyond Productivity to Profitability" open house, in Houston, Texas. Okuma and machine-tool distributor Hartwig will have nine models of multi-axis lathes, multi-axis mills and multitasking machines on display and in operation, running CNC programs generated with GibbsCAM. Okuma partners will also exhibit peripheral equipment at the Houston Open House event, which will be held on Thursday, November 15, 2012, from 10:00 AM to 3:00 PM Central Time, at the Okuma Houston Tech Center, 4727 South Pinemont, Suite 200, Houston, Texas. Additional information is available at the event site: http://www.okuma.com/events/P2P121115 Mr. Gibbs, who has an extensive background in mechanical design, CNC programming and CAM software development, is frequently sought out as a speaker on topics such as developments in machine-tool technology, implementation of multi-axis and multi-tasking CNC machine tools, and productivity and profitability through use of CNCs and CAD/CAM software. Mr. Gibbs is the founder and president of Gibbs and Associates, president of Cimatron North America, and serves as vice chairman of Cimatron Limited. The Okuma machines featured at the open house, and programmed with GibbsCAM by Okuma distributor Hartwig Houston, include: LB 3000EX - double spindle, single turret, Y-axis lathe MULTUS B400 - 5-axis horizontal lathe with B-axis head VTT-70 - 4-axis double turret vertical lathe (turning only) 2SP-V40 - 4-axis double turret vertical lathe (turning only) LU300 - 4-axis double turret horizontal lathe (turning only) LOC-650 - 4-axis double turret horizontal lathe (turning only) Millac-1052 - 4-axis vertical mill GENOS M560 - 4-axis vertical mill MA-600II - 4-axis horizontal mill About Gibbs and Associates and GibbsCAM For thirty years, Gibbs and Associates has been a leader in providing cutting edge CAD/CAM technology, while maintaining its signature ease-of-use and productivity. Powerfully Simple, Simply Powerful is the guiding philosophy at Gibbs. Gibbs believes in empowering the NC programmer, machinist, and manufacturing engineer, not eliminating them. Gibbs' goal is to introduce manufacturers to new technologies and new ways of working that makes their machining easier and their businesses more profitable. To achieve this goal, Gibbs creates tools that are naturally intuitive, graphically interactive, extremely visual, associative, and just plain enjoyable to use. Gibbs provides a total quality solution with the service and support that successful customers require. The current GibbsCAM product line supports 2- through 5-axis milling, turning, mill/turning, multi-task simultaneous machining and wire-EDM. GibbsCAM also provides fully integrated manufacturing modeling capabilities that include 2D, 2.5D, 3D wireframe, surface, and solid modeling. GibbsCAM is Compatible with Windows 7 and Certified for Windows Vista. GibbsCAM's data exchange capabilities are able to access the broadest range of native and industry standard CAD data formats. GibbsCAM is certified under the Autodesk Inventor Certified Program, is a Siemens Solution Partner Program-PLM for Solid Edge product, and is a SolidWorks Certified CAM Product. Gibbs and Associates distributes its products worldwide through a network of international Resellers. In January 2008, Gibbs and Associates merged with Cimatron Ltd., and is now operating as a wholly owned subsidiary. For more information about Gibbs and Associates and its CAM software packages, visit its web site (http://www.GibbsCAM.com) or call 1-800-654-9399 (outside of North America, call +1-805-523-0004). About Cimatron With 30 years of experience and more than 40,000 installations worldwide, Cimatron Ltd., or 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, enable collaboration with outside vendors, 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 and the Tel Aviv Stock Exchange under the symbol CIMT. For more information, please visit Cimatron's web site at: http://www.cimatron.com. The Gibbs logo, GibbsCAM, GibbsCAM logo, Virtual Gibbs, and "Powerfully Simple. Simply Powerful." are either trademark(s) or registered trademark(s) of Gibbs and Associates in the United States and/or other countries. Microsoft, Windows and the Windows logo are trademarks of the Microsoft group of companies. Autodesk, Autodesk Inventor, and Inventor are registered trademarks or trademarks of Autodesk, Inc., in theUSAand/or other countries. All other brand or product names are trademarks or registered trademarks of their respective owners. Safe Harbor Statement 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 the company'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 Gibbs and Associates or 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 its filings with the Securities and Exchange Commission. The company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Gibbs and Associates and Cimatron undertake no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise. Contact: Yvonne Anderson Gibbs and Associates +1-(805)-523-0004 +1-(805)-523-0006 (Fax) YvonneA@GibbsCAM.com SOURCE Cimatron Ltd
GibbsCAM Founder to Speak at Okuma Open House
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