Advances from Silver Tier to Gold Tier - Announces GibbsCAM 2013 integration with PTC GRANITE

Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM software solutions for the toolmaking and manufacturing industries, announced today that its subsidiary, Gibbs and Associates, has moved from a Silver Tier Partner to a Gold Tier Partner within the PTC PartnerAdvantage™ Program. The upgrade to the Gold Tier, which provides enhanced access to a comprehensive suite of capabilities, followed an extensive review of its CNC programming software GibbsCAM^®, its integration with PTC Creo^® design software, and GibbsCAM's CNC programming capabilities.

The move from Silver Tier to Gold Tier arose from GibbsCAM's continued leadership in easy-to-use, yet powerful, CNC programming solutions, its increasing use of PTC GRANITE^® software to add automation features for PTC Creo users, and its integration with PTC Creo. Andy Barlow, PTC Vice President, PTC PartnerAdvantage Program, stated, "We are pleased that Gibbs and Associates has chosen to advance its partnership with PTC and increase its use of PTC GRANITE. We look forward to working closely to enhance the value GibbsCAM brings to our common customers."

Gibbs and Associates, a PTC GRANITE Partner, also announced availability of GibbsCAM 2013, with all its functionality integrated with PTC Creo 2.0. PTC Creo users are assured compatibility with GibbsCAM since Gibbs incorporates the PTC GRANITE 3D library for CAD file interoperability. This GibbsCAM software integration provides PTC Creo users all the functionality required to program lathes, 2-5 axis mills, MTMs and wire-EDM machines. GibbsCAM's easy-to-use interface provides extensive flexibility for faster programming and the highest levels of efficiency in machining with a shop's preferred processes.

"We are happy to have elevated our PTC PartnerAdvantage program status to the Gold Tier through our continuous software development using PTC GRANITE and our increasing activity with PTC Creo," said Robb Weinstein, Senior Vice-President of Sales and Strategic Planning of Gibbs and Associates. "We are also very pleased to announce the availability of GibbsCAM 2013, uniquely integrated with PTC Creo, so that users may benefit from the productivity and efficiency our combined solutions provide engineers, CNC programmers and machinists."

The new GibbsCAM 2013 suite of CNC programming solutions will be available for demonstration at PTC Live Global in Anaheim, California, on June 9-12, 2013. Visit Gibbs and Associates during the Live Event at the Anaheim Convention Center during exhibit hours in Booth 910.

PTC, Creo, GRANITE and PartnerAdvantage are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

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, Windows 8 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. GibbsCAM is either offered or endorsed by a number of leading worldwide control and machine tool manufacturers, including GE Fanuc, Infimatic, Siemens, Doosan Infracore, DMG / Mori Seiki, Haas, Index, MAG, Mazak, Mitsubishi, Okuma and Tornos. 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 http://www.GibbsCAM.com or call 1-800-654-9399 (outside North America: +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 under the symbol CIMT. For more information, visit 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.  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)
Email Contact

SOURCE Cimatron Ltd