CIMdata Positions Cimatron as Market Leader in Automotive CAM for Tooling

GIVAT SHMUEL - Israel, July 11 - /PRNewswire-FirstCall/ -- Cimatron Ltd. (NASDAQ:CIMT), a leading developer of CAD/CAM solutions for the tooling industry, today announced the recent findings of the 2002 CIMdata Report.

The report, "NC Software and Related Services - Market Assessment," is p ublished annually by CIMdata Inc., based in Michigan, USA. The report provides information about the worldwide market for NC software products and services, and its findings are greatly valued and respected worldwide.

Mr. Alan Christman, Vice President of CIMdata and author of this report, positions Cimatron as one of the worldwide top three CAM-centric vendors and projects that Cimatron will be one of the five most rapidly growing vendors in 2002. Comments Christman, "As we reported, we consider Cimatron a worldwide revenue market leader in the automotive CAM segment, and one of the very few to be listed as a leader in North America, Europe and Asia-Pacific. This is also true for the mold, tool, and die segment," he adds.

Natan Mossak, VP Sales of Cimatron, comments, "We value CIMdata's opinions and NC market research. We are confident that the conclusions drawn from this report, will help to strengthen our market growth," he adds.

About Cimatron

Cimatron Ltd. (NASDAQ:CIMT) is a leading developer of integrated CAD/CAM solutions for the tooling industry. Through its Data-to-Steel product philosophy, Cimatron is committed to providing mold, tool and die makers with comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time. Worldwide, more than 8,500 customers, with over 15,000 installations in the automotive, consumer plastics, and electronics industries, employ Cimatron's leading CAD/CAM solutions for manufacturing. Founded in 1982, Cimatron Ltd. is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron's subsidiaries and extensive distributor network are located in over 35 countries to serve customers worldwide with complete pre- and post-sales support. For more information, visit our web site at http://www.cimatron.com/ 

 

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