Givat Shmuel, Israel and Novosibirsk, Russia – November 22, 2010 – Cimatron Limited (Nasdaq: CIMT), a leading provider of integrated CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts, and LEDAS Ltd, the independent provider of constraint-based design tools, component technologies, and software development services for the CAD/CAM/CAE/PDM market, today announced a new partnership.
Cimatron has licensed from LEDAS the geometric constraint solver LGS 3D and intends to use it within CimatronE software as a part of a new industrial motion simulation solution.
"We worked very closely with LEDAS to create a simulation product that is seamlessly integrated into CimatronE and that provides the right response for our customers," said Roy Sterenthal, Cimatron’s Vice President of Research & Development. "We appreciate LEDAS’s hard work and effort throughout the development of the product, and we are proud of the results that we have achieved."
Cimatron and LEDAS worked together for about one year to develop the new industrial motion simulation solution based on the LEDAS geometric constraint solver LGS 3D and a collision detection module provided by Cimatron. The combined technologies will allow CimatronE users to test the efficacy of their tool design, isolating problems at an early stage to achieve shorter overall design times.
"We have created a product that simulates motion in assemblies and also includes comprehensive collision detection, to cater to the specific needs of CimatronE toolmakers," said Alexey Ershov, Director, Research & Development, LEDAS Ltd. "Testing of the project, demonstrated on industrial scenarios provided by Cimatron, verifies the robustness of our solver for industrial CAD/CAM applications."
"We are very proud that our product has been chosen by Cimatron, one of the top 10 CAM software providers in the world," said David Levin, CEO and founder, LEDAS Ltd. "This demonstrates the high level of value that we offer to software developers, from start-up companies to world market leaders."
The new motion simulator will be released as part of CimatronE 10.0.
With over 25 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, enable collaboration with outside vendors, 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, please visit the Company's web site at: http://www.cimatron.com
LEDAS Ltd. is an independent software development company founded in 1999; it is based in Novosibirsk Scientific Centre (Akademgorodok), Siberian Branch of the Russian Academy of Science. A leader in constraint-based technologies, LEDAS is a well-known provider of computational software components for PLM (Product Lifecycle Management) solutions: geometric constraint solvers for CAD/CAM/CAE, optimization engines for Project Management, Work Scheduling and Meeting Planning, as well as interval technologies for Knowledge-Based Engineering and Collaborative Design. The company also provides services for PLM market: software development, consulting, reselling as well as education and training. More information about LEDAS is available at http://www.ledas.com.
Since the first commercial release in 2004, the LGS 2D/3D software components have been licensed by a dozen CAD/CAM/CAE vendors, who have embedded it into their applications successfully.
The LGS 2D and 3D geometric constraint solvers are used as parametric engines for sketching and drawing, 3D direct modeling, assembly design, motion simulation, and other geometric modeling applications. LGS 2D and 3D are cross-platform software packages running on 32- and 64-bit versions of Windows, Linux, Mac OS X, *BSD, AIX, HP-UX, and other operating systems. Coded in C++, LGS 2D and 3D have a C-style API for easy integration into a broad range of software applications using a variety of wrappers, such as .NET, Java, and C++.
LGS 2D/3D supports the creation and modification of geometric models by means of explicit or implicit constraints. Geometric objects include points, lines, circles, planes, cylinders, spheres, cones, tori, NURBS, application-defined parametric curves, surfaces, and swept surfaces. Objects can be fixed in the absolute coordinate system or relative to one other. Supported geometric constraints include logical constraints between geometric entities (coincidence, parallelism, tangency, and so on) and dimensional constraints that specify the required values for distances, angles, or radii. LGS 2D/3D moves and rotates objects to positions that satisfy all constraints, yet minimizes transformations from initial configurations.
Other LGS functions implement advanced features of CAD/CAM/CAE systems, such as diagnostics of over- and under-defined parts of models, engineering variables and equations, help points, and tolerance management.
To learn more about LGS 2D/3D, visit the LEDAS web site at www.ledas.com/products/lgs3d
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 the Company’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 the Company’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 the Company's business, refer to the Company’s filings with the Securities and Exchange Commission. The Company 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.
Idit Pass Lagziel
Phone: +972 3 5312098
Chief Financial Officer
Phone: +972 3 531 2121
LEDAS Marketing Department
Phone: +7 383 3356 504
Fax: +7 383 3356 256