Israel February 22, 2011
For many years, ShinHeung Precision has mastered the use of 2D CAD systems for designing press tools and delivering LCD chassis for Samsung’s PC and TV monitors at incredibly short lead times. Rapid product innovation cycles at Samsung and the need to reduce the time to market of their products have presented a challenge for ShinHeung Precision to deliver even faster.
The implementation of CimatronE’s 3D Die Design CAD system enabled ShinHeung Precision to improve its overall engineering process, reduce lead time by over 20% and reduce the costs associated with trial runs and iterations of its press tools.
It was not long before the news spread amongst the four other leading OEM suppliers of Samsung- Dong-O, DongJin, HAEM and DK Industry- who have all adopted CimatronE die design, paving the way for CimatronE to become a new standard in the Korean industry for the design and production of advanced precision components.
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, 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.
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: [email protected] Ilan Erez Chief Financial Officer Cimatron Ltd. Phone: +972-73-237-2114 Email: [email protected]
SOURCE Cimatron Ltd