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CimatronE Helps Mold Makers Profit From ECOs
GIVAT SHMUEL, Israel, February 5, 2014 /PRNewswire/ --
Cimatron Limited [http://www.cimatron.com ] (NASDAQ: CIMT) today announced the launch
of the ECO Manager, a major feature in CimatronE 11, the latest version of its integrated
CAD/CAM software solution. CimatronE provides specialized CAD capabilities for the design
of molds, dies and fixtures, as well as NC programming for the machining of molds, dies
and discrete parts.
"Engineering change orders (ECOs) are part and parcel of almost any tool shop job
schedule," said Mr. Ira Bareket, Cimatron's VP Sales and Marketing. "For example, a recent
Cimatron survey of North American tool shops found that 94% of shops handle at least one
job with ECOs out of every 10 jobs worked on.
"ECOs can become a cost burden or can turn into a profitable business if handled and
managed properly. However, shops often find the process of handling ECOs to be
challenging, particularly when there are many changes and the part is complex. The mold
designer is faced with the difficult task of identifying the geometry the customer has
changed, understanding 'what's going on' and assessing the impact on previous work the
designer has already undertaken.
"Implementing the changes quickly and efficiently is the next task for the designer.
This is particularly challenging given that the designer is trying to avoid redoing
previous work that is unaffected by the ECO.
"Finally, the mold designer is faced with the challenging task of controlling,
managing and documenting the ECO process for internal costing purposes, as well as for
communicating the work to the customer who ordered the change.
"Cimatron's new ECO Manager provides mold designers with powerful tools and processes
to handle ECOs in the quickest and most effective manner possible.
"The ECO Manager assists shops in controlling the fundamental ECO processes, including
identification and analysis, implementation, tracking and documentation. It can be used by
shops at any stage of a job and can handle multiple ECOs, no-matter how complex."
Key capabilities of the ECO Manager include:
- Identification and analysis - The CimatronE ECO Manager clearly pinpoints
the geometry that the customer has changed, as well as showing the ways in which the
ECO has impacted the mold components.
- Implementation - The application gives users automated tools to replace the
existing geometry with the new geometry (ECO) in the relevant areas.
- Verification - Within the dedicated ECO environment, ongoing verification
checks can be performed to ensure that the user has implemented all the necessary
changes correctly.
- Tracking and Documentation - A series of comparisons between each pair of
consecutive ECO parts creates a live archive of the change history. Changes are also
documented, with the user able to attach documents, and add descriptions, work status
and pictures for the purposes of internal reports, costings, and communication with
customers.
- For a complete list of CimatronE 11's capabilities, visit launch.cimatron.com
[http://www.cimatrone-11.com ].
About Cimatron
With over 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 [http://www.cimatron.com/Main/general.aspx?FolderID)97&lang=EN ], die
design [http://www.cimatron.com/Main/general.aspx?FolderIDD70&lang=EN ], electrodes
design [http://www.cimatron.com/Main/general.aspx?FolderIDE15&lang=EN ], 2.5 to 5 axes
milling [http://www.cimatron.com/Main/general.aspx?FolderIDD71&lang=EN ], wire EDM
[http://www.gibbscam.com/solutions/index.php?soX ], turn
[http://www.gibbscam.com/solutions/index.php?so=2 ], mill-turn
[http://www.gibbscam.com/solutions/index.php?page=modules-overview ], rotary milling
[http://www.gibbscam.com/solutions/index.php?page=modules-overview ], multi-task machining
[http://www.gibbscam.com/solutions/index.php?so=2 ], and tombstone machining
[http://www.gibbscam.com/solutions/index.php?page=modules-overview ]. 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
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:
Ilan Erez
Chief Financial Officer
Cimatron Ltd.
Phone: +972-73-237-0114
ilane@cimatron.com
Idit Pass Lagziel
Marketing Manager
Cimatron Ltd.
Phone: +972-73-237-0298
iditp@cimatron.com
Investor Relations contact:
Ehud Helft/Kenny Green
GK Investor Relations
Tel: (US) +1-646-201-9246
cimatron@gkir.com
Cimatron Ltd
CimatronE Helps Mold Makers Profit From ECOs
GIVAT SHMUEL, Israel, February 5, 2014 /PRNewswire/ --
Cimatron Limited [http://www.cimatron.com ] (NASDAQ: CIMT) today announced the launch
of the ECO Manager, a major feature in CimatronE 11, the latest version of its integrated
CAD/CAM software solution. CimatronE provides specialized CAD capabilities for the design
of molds, dies and fixtures, as well as NC programming for the machining of molds, dies
and discrete parts.
"Engineering change orders (ECOs) are part and parcel of almost any tool shop job
schedule," said Mr. Ira Bareket, Cimatron's VP Sales and Marketing. "For example, a recent
Cimatron survey of North American tool shops found that 94% of shops handle at least one
job with ECOs out of every 10 jobs worked on.
"ECOs can become a cost burden or can turn into a profitable business if handled and
managed properly. However, shops often find the process of handling ECOs to be
challenging, particularly when there are many changes and the part is complex. The mold
designer is faced with the difficult task of identifying the geometry the customer has
changed, understanding 'what's going on' and assessing the impact on previous work the
designer has already undertaken.
"Implementing the changes quickly and efficiently is the next task for the designer.
This is particularly challenging given that the designer is trying to avoid redoing
previous work that is unaffected by the ECO.
"Finally, the mold designer is faced with the challenging task of controlling,
managing and documenting the ECO process for internal costing purposes, as well as for
communicating the work to the customer who ordered the change.
"Cimatron's new ECO Manager provides mold designers with powerful tools and processes
to handle ECOs in the quickest and most effective manner possible.
"The ECO Manager assists shops in controlling the fundamental ECO processes, including
identification and analysis, implementation, tracking and documentation. It can be used by
shops at any stage of a job and can handle multiple ECOs, no-matter how complex."
Key capabilities of the ECO Manager include:
- Identification and analysis - The CimatronE ECO Manager clearly pinpoints
the geometry that the customer has changed, as well as showing the ways in which the
ECO has impacted the mold components.
- Implementation - The application gives users automated tools to replace the
existing geometry with the new geometry (ECO) in the relevant areas.
- Verification - Within the dedicated ECO environment, ongoing verification
checks can be performed to ensure that the user has implemented all the necessary
changes correctly.
- Tracking and Documentation - A series of comparisons between each pair of
consecutive ECO parts creates a live archive of the change history. Changes are also
documented, with the user able to attach documents, and add descriptions, work status
and pictures for the purposes of internal reports, costings, and communication with
customers.
- For a complete list of CimatronE 11's capabilities, visit launch.cimatron.com
[http://www.cimatrone-11.com ].
About Cimatron
With over 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 [http://www.cimatron.com/Main/general.aspx?FolderID)97&lang=EN ], die
design [http://www.cimatron.com/Main/general.aspx?FolderIDD70&lang=EN ], electrodes
design [http://www.cimatron.com/Main/general.aspx?FolderIDE15&lang=EN ], 2.5 to 5 axes
milling [http://www.cimatron.com/Main/general.aspx?FolderIDD71&lang=EN ], wire EDM
[http://www.gibbscam.com/solutions/index.php?soX ], turn
[http://www.gibbscam.com/solutions/index.php?so=2 ], mill-turn
[http://www.gibbscam.com/solutions/index.php?page=modules-overview ], rotary milling
[http://www.gibbscam.com/solutions/index.php?page=modules-overview ], multi-task machining
[http://www.gibbscam.com/solutions/index.php?so=2 ], and tombstone machining
[http://www.gibbscam.com/solutions/index.php?page=modules-overview ]. 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
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:
Ilan Erez
Chief Financial Officer
Cimatron Ltd.
Phone: +972-73-237-0114
ilane@cimatron.com
Idit Pass Lagziel
Marketing Manager
Cimatron Ltd.
Phone: +972-73-237-0298
iditp@cimatron.com
Investor Relations contact:
Ehud Helft/Kenny Green
GK Investor Relations
Tel: (US) +1-646-201-9246
cimatron@gkir.com
Cimatron Ltd