GIVAT SHMUEL, Israel, August 7, 2013 /PRNewswire/ --
Cimatron Limited (NASDAQ: CIMT) and CoreTech System Co., Ltd. (Moldex3D) together announced today an agreement to deliver an integrated cooling simulation tool within CimatronE to address the growing design needs for more efficient cooling systems in the plastics industry.
It is well-known the conventional cooling design with drilled straight channels cannot cool down complex plastic parts evenly and efficiently, often resulting in poor part quality and extended cycle time problems. With the introduction of laser sintering technology, mold cores and inserts manufactured by 3D printing can keep the cooling channels close to the core/cavity surface as much as possible so as to achieve even and efficient cooling. The new integration will provide CimatronE users a convenient and powerful tool to evaluate the benefits and return-on-investment (ROI) of conformal cooling approach.
The cooling analysis capabilities will be delivered as an optional add-on in the next release of Moldex3D eXplorer for Cimatron. It will extend the power of Cimatron users from performing mold filling analysis to optimizing cooling channel layout. Designers can design in Cimatron environment mold cores and inserts with conventional channels, baffles and bubbles, and/or incorporate complex conformal cooling channels to enhance cooling in critical regions. With Moldex3D proprietary auto-mesh technology, complex cooling channel mesh models can be automatically constructed for analysis. Based on the 3D cooling analysis results from Moldex3D, users can accurately identify hot or cold spots, mold temperature, required cooling time, and cooling efficiency of a mold before cutting or "printing" the steel, and promptly revise the design in CimatronE to improve the cooling performance.
"The new cooling analysis integration with Moldex3D will help our customers to design higher quality molds with improved cooling and shorter cycle times using advanced 3D printing (Additive Manufacturing) technologies as well as traditional milling and drilling technologies." said Ira Bareket, Vice President of Sales and Marketing at Cimatron. "The ability to support analysis of conformal cooling will place our customers at the forefront of mold production technology."
"It is our pleasure to extend the integration with Cimatron." stated Venny Yang, President of CoreTech System (Moldex3D). "Moldex3D is dedicated to develop with the idea and insistence upon molding innovation to deliver users easy-to-use yet most accurate molding solutions. We are glad to provide Cimatron the full support on cooling design and advanced conformal cooling analysis capability to leverage 3D printing technology."
The new capabilities will be available to end users with the next CimatronE release.
About Cimatron
With more than 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, 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
About CoreTech System Co., Ltd. & Moldex3D
CoreTech System Co., Ltd is the company that develops and markets Moldex3D CAE software. Founded in 1995, CoreTech's mission is to provide software, services, and solutions to the injection molding industry. Moldex3D is the world leading CAE product for the plastics injection molding industry.
With the best-in-class true 3D analysis technology, Moldex3D can help plastic part and mold designers to in-depth simulate the widest application range of injection molding processes to optimize product design and manufacturability, shorten time-to-market, and maximize product return-on-investment.
In 20 years of the development, CoreTech has successfully won the support of hundreds of customers through more than 4,000 case studies. Committed to provide the advanced technologies and solution for industrial demands, CoreTech has extended the worldwide sales and service network to provide local, immediate, and professional service. For the latest news and information, please visit our website at http://www.moldex3d.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
CCG Investor Relations
Tel: (US) +1-646-201-9246
Cimatron@ccgisrael.com
SOURCE Cimatron Ltd