Cimatron Secures Major Deal with Giant 3C Manufacturer
Taiwan-based Group to speed design and production with CimatronE
GIVAT SHMUEL, Israel, March 11, 2013
GIVAT SHMUEL, Israel, March 11, 2013 /PRNewswire/ --
Cimatron Limited (NASDAQ and TASE: CIMT) announced today a major deal
involving the deployment of CimatronE CAD/CAM software within one of the
world's largest manufacturers for the global computing, communication, and
consumer electronics (3C) industry. The Taiwanese based Group prides itself
with serving some of the world's leading and most famous global brand names.
"We held benchmarks against a variety of CAD/CAM solutions, but the customer
found CimatronE to be the best in terms of productivity and the quality of the
parts produced," said Mrs. Lang Yan, Cimatron's General Manager for Greater
China. "The benchmarks covered the design of complex electrodes, dies and
fixtures, as well as CNC machining, and in all of these CimatronE excelled."
The Taiwanese Group claims the largest share of the magnesium alloy die casing
manufacturing market for the global 3C industry, producing parts mainly for
notebooks, smart phones and other electronic devices. It also manufactures
aluminum, zinc, stainless steel and plastic parts with different forming
processes, such as die casting, press, forging, extrusion and injection molds.
The Group has 40,000 employees across its offices in Taiwan and four large
manufacturing facilities in mainland China.
"The Taiwanese Group is among several of our larger customers specializing in
the design and manufacture of high-end components for the computing,
communication and consumer electronic markets," said Mr Ira Bareket,
Cimatron's VP Sales and Marketing.
"The Group operates in a very competitive and demanding field, characterized
by innovative products with relatively short lifecycles that are subject to
frequent design changes and exacting standards in terms of quality. Today's
consumers demand ever more technologically advanced, sophisticated products
that are visually appealing, and it is up to the 3C manufacturers to meet this
need by implementing manufacturing technologies capable of supporting the
challenging design requirements, while looking for ways to reduce delivery
"We make it our business to help customers like the Taiwanese Group meet
their business goals by providing them with CAD/CAM software that can address
their specific manufacturing business needs. We look forward to working in
partnership with them and contributing to their continued success."
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
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
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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