Cimatron Limited (NASDAQ: CIMT) announced today that Gibbs and Associates, developer of GibbsCAM® software for programming CNC machine tools and a Cimatron company, has developed a partnership with Sandvik Coromant to integrate the Adveon™ Tool Library application. Adveon has been developed in compliance with ISO 13399, which defines cutting tool data representation and exchange. ISO 13399 allows the accurate exchange of tooling data among computer aided applications that support and adhere to the standard, including CAD, CAM, CAE, PDM, PLM and tool management systems. Gibbs and Associates will begin marketing Adveon integrated with GibbsCAM immediately, and begin shipping it with the GibbsCAM 2015 release. Adveon will initially support milling tools, and incorporate turning tools when the data becomes available. GibbsCAM users with current software maintenance will receive Adveon free of charge. Gibbs will demonstrate Adveon at IMTS 2014, September 8-13, at McCormick Place in Chicago, Booth E-3310.
Adveon for GibbsCAM allows users to develop their own tool library, selecting from tools they use daily. While having all tooling data at users' fingertips provides them a greater understanding of available tooling choices, having an overview of available tooling provides them flexibility in selecting and maintaining the assortment of tools in the library. The ISO 13399 cutting tool data representation and exchange standard lets GibbsCAM users work with tools from any supplier and assures accuracy of geometric information. Users can quickly and easily create tool assemblies, see immediate representations in 2D and 3D, and use them for simulation with GibbsCAM's integrated Cut Part Rendering and Machine Simulation.
The Adveon Tool Library provides three inter-related functions. First, a specially formatted library (based upon ISO 13319) allows customers to download or enter data for tooling items, including tool holders, adapters, cutting tools and inserts, to create a master catalog. A second function enables users to collect and categorize the various tooling items they use, while the third allows them to quickly and easily create tool assemblies from these components. Applications which support the standard, can then access the cutting tool assemblies without further searching or definition.
"We applaud Sandvik's leadership and initiative in implementing ISO 13399 with Adveon, and look forward to our partnership in delivering a great time-saving solution to manufacturers everywhere," said Robb Weinstein, Senior Vice President of Sales and Strategic Planning of Gibbs and Associates. "Adveon is a perfect fit with GibbsCAM, which has the inherent ability to associate specific tools with machining processes and the parts and part features the tools cut, to facilitate fast CNC programming and even faster engineering changes."
About Gibbs and Associates and GibbsCAM
For over thirty years, Gibbs and Associates has been a leader in providing cutting edge CAD/CAM technology, while maintaining its signature ease-of-use and productivity. Powerfully Simple, Simply Powerful is the guiding philosophy at Gibbs. Gibbs believes in empowering the NC programmer, machinist, and manufacturing engineer, not eliminating them. Gibbs' goal is to introduce manufacturers to new technologies and new ways of working that makes their machining easier and their businesses more profitable. To achieve this goal, Gibbs creates tools that are naturally intuitive, graphically interactive, extremely visual, associative, and just plain enjoyable to use. Gibbs provides a total quality solution with the service and support that successful customers require.
The current GibbsCAM product line supports 2- through 5-axis milling, turning, mill/turning, multi-task simultaneous machining and wire-EDM. GibbsCAM also provides fully integrated manufacturing modeling capabilities that include 2D, 2.5D, 3D wireframe, surface, and solid modeling. GibbsCAM is Compatible with Windows 7, Windows 8 and Certified for Windows Vista. GibbsCAM's data exchange capabilities are able to access the broadest range of native and industry standard CAD data formats. GibbsCAM is certified under the Autodesk Inventor Certified Program, is a Siemens Solution Partner Program-PLM for Solid Edge product, is a Gold Tier Partner within the PTC Partner Advantage Program and is a SolidWorks Certified CAM Product. GibbsCAM is either offered or endorsed by a number of leading worldwide control and machine tool manufacturers, including GE Fanuc, Infimatic, Siemens, Doosan Infracore, DMG MORI, Haas, Index, MAG, Mazak, Mitsubishi, Okuma and Tornos. Gibbs and Associates distributes its products worldwide through a network of international Resellers.
In January 2008, Gibbs and Associates merged with Cimatron Ltd., and is now operating as a wholly owned subsidiary. For more information about Gibbs and Associates and its CAM software packages, visit its web site ( http://www.GibbsCAM.com) or call 1-800-654-9399 (outside of North America, call +1-805-523-0004).
With 30 years of experience and more than 40,000 installations worldwide, Cimatron Ltd., or 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, 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 under the symbol CIMT. For more information, please visit Cimatron's web site at: http://www.cimatron.com.
The Gibbs logo, GibbsCAM, GibbsCAM logo, Virtual Gibbs, and "Powerfully Simple. Simply Powerful." are either trademark(s) or registered trademark(s) of Gibbs and Associates in the United States and/or other countries. Microsoft, Windows and the Windows logo are trademarks of the Microsoft group of companies. All other brand or product names are trademarks or registered trademarks of their respective owners.
Safe Harbor Statement
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 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 Gibbs and Associates or 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 its 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. Gibbs and Associates and Cimatron undertake 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:
Chief Financial Officer
Gibbs and Associates
Investor Relations contact:
Ehud Helft/Kenny Green
CCG Investor Relations
Tel: (US) +1-646-201-9246
SOURCE Cimatron Ltd
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