GIVAT SHMUEL, Israel: Cimatron Limited (Nasdaq: CIMT), a leading provider of integrated CAD/CAM
solutions for mold, tool and die makers as well as manufacturers of discrete
parts, announced the partnership with Aditya Infotech Limited to increase
CimatronE's reach and coverage in India.
Aditya Infotech Ltd. (AIL), the flagship company of Aditya Group, offers
a wide range of technological solutions to the Indian Market, through its 25
Branches Network across the country.
The partnership will establish new CimatronE sales and support centers
run by Aditya Infotech Ltd. to cover the entire Indian Territory. The move is
intended to boost sales and support services to customers in every region of
India. Cimatron India will work very closely with the new distributor and
will also continue to serve existing customers.
"Aditya's achievements in the field of technology in India are vast and
impressive," said Kobi Rosenwasser, Cimatron's Vice-President for Asia
Pacific. "Aditya's dedication to service and professionalism has been a key
factor in selecting it to be our distributor, and I am confident that this
partnership will add significant value to CimatronE's market share in India."
CimatronE is an integrated CAD/CAM solution for toolmakers and
manufacturers of discrete parts, which provides full associativity across the
manufacturing process from quoting, through design and up to delivery.
Products include: Mold Design, Electrode Design, Die Design, 2.5 to 5 Axis NC
Programming and 5-Axis Discrete Part Production. Cimatron's fully integrated
CAD/CAM solutions use the most advanced technology available to increase
productivity and shorten delivery times.
"Aditya Infotech's distribution of CimatronE's solutions enables Indian
manufactures to improve their businesses by shortening delivery times,
reducing costs and increasing quality," said Aditya Infotech's Director, Mr.
Rishi Khemka "AIL's 25 branch offices with sales and support manpower and
network of channel partners across the entire country, will help tooling
manufacturers to use the power of CimatronE at an affordable cost."
About Cimatron
With over 28 years of experience and more than 40,000 installations
worldwide, Cimatron is a leading provider of integrated, CAD/CAM 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, electrode design, 2.5 to 5 Axis
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
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:
Idit Pass Lagziel
Marketing Manager
Cimatron Ltd.
Phone: +972-73-237-0298
Email: iditp@cimatron.com
Ilan Erez
Chief Financial Officer
Cimatron Ltd.
Phone: +972-73-237-2114
Email: ilane@cimatron.com
SOURCE Cimatron Ltd