Givat Shmuel, Israel – January 31, 2011 – 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 today that Henrique Projetos Cadpro Ltda. has been appointed to serve as a reseller of Cimatron's products in São Paulo city, Brazil and will also cover the regions of Santo Andre and São Bernardo do Campo, and the cities of São Caetano and Diadema.
Henrique Projetos was founded by Henrique Arruda, a career mold designer who has many years of experience working with CimatronE. The company is located in São Paulo city, a heavily industrialized area with a high concentration of automotive industry based manufacturers. Mr. Arruda and his team will provide tool makers and manufacturers in the region with full sales and support services, and help customers to shorten delivery times and reduce costs.
The appointment of Henrique Projetos as reseller is another step in the rapid implementation of Cimatron's growth plan in Brazil, one of the largest and fastest growing industrial nations. Over the last two months, Cimatron has announced the appointment of three additional new resellers for Brazil. These include CimaCAD (based in Santa Catarina State), MTC (based in the Campinas region), and Fitso (based in the Sorocaba region and also covering parts of São Paulo city).
"We're very pleased with the rapid progress of our expansion in Brazil," said Kobi Rosenwasser, Cimatron's VP South America. "Our concentrated attention in the market has resulted in the recruitment of four experienced and dedicated resellers who will offer top quality service to our customers. We are continuing to concentrate our efforts in recruiting additional resellers."
For more information on Cimatron's activities in Brazil please contact:
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
Phone: +972 73 237 0298
Chief Financial Officer
Phone: +972 73 237 0114