Cimatron appoints largest reseller in China
Jan. 17, 2012
Givat Shmuel, Israel – January 17, 2012 – Cimatron Limited (NASDAQ and TASE: CIMT)
today announced that its subsidiary, Cimatron China, has signed an agreement with
China’s leading integrated IT service provider, Digital China Holdings Ltd (“Digital China”).
The agreement makes Digital Holdings the country’s largest independent reseller of the
Cimatron Group’s product lines, CimatronE and GibbsCAM.
“Cimatron now has over 20 resellers throughout China, and recognition of our brands
among the country’s manufacturers has never been higher,” said Ms Lang Yan, General
Manager of Cimatron China.
“Our new strategic relationship with Digital China will further
boost the reach of Cimatron’s solutions, as well as increase the high service standard that
we offer our customers.”
Digital China is the largest integrated IT services provider in China.
It offers eight major business segments, including IT planning, business process
outsourcing, application development, system integration, hardware infrastructure services,
maintenance, hardware installation, and distribution and retail. With regional headquarters
in Beijing, Guangzhou and Shanghai, as well as nine offices nationally, the company will
serve as a sales agent and provide customer support for the CimatronE and GibbsCAM
software solutions offered by Cimatron Group.
“Through our relationship with Digital China,
we expect to grow our sales of the GibbsCAM product line, offering a state-of-the-art CAM
software solution for programming high-end multi-axis CNC machine tools,” said Ms Yan.
“As Digital China is a general agent of Autodesk, it will now be able to leverage the fact that
GibbsCAM is a certified Autodesk CAM partner, offering GibbsCAM as a way of supporting
its customers’ CAM needs.
“Additionally, through our relationship with Digital China, we
expect to expand the sales of our CimatronE fully integrated CAD/CAM suite, which has
dramatically optimized the engineering process of mold, tool and die makers, increasing
their productivity and profitability.”
For more information about Digital China, visit:
http://www.digitalchina.com/Public/Home.aspx
About Digital China Holdings Ltd
Digital
China Holdings Ltd (stock code 00861) is a leading integrated IT services provider in China.
It was listed on the main board of the Stock Exchange of Hong Kong Ltd on 1 June 2001
following a spin off from the Legend Group. It focuses on providing customers with
sophisticated and applicable IT solutions, driving technological innovations for work and
life and enhancing the digitalization process in China. In order to achieve these goals,
Digital China is striving to become the premier IT services provider with the most
comprehensive services for a majority of Chinese users. Leveraging on its strategic
partnership with over 100 leading IT vendors worldwide and a network of over 10,000
resellers and agents across the country, Digital China provides the best and most
convenient IT services to users in China.
About Cimatron
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.
Cimatron's shares are publicly traded on the NASDAQ exchange under the symbol CIMT.
For more information about Cimatron and its micro-milling solutions, 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.e@cimatron.com
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