Ben Shalom is currently a partner in DBSI, one of Cimatron's major shareholders. He was formerly VP Finance of Koor Industries, and currently serves as the Chairman of the Board of Nexus Telocation Systems Ltd. (NXUS).
Ben Shaoul, CEO of Koonras Technologies, served as Chairman of the Board of Cimatron Ltd. since 2002. "We have great challenges ahead of us, but we are confident that we will reach our business objectives and maintain Cimatron as a market leader," comments Ben Shalom. "We thank Rimon for his two years of dedicated service and for his many contributions to Cimatron." Ben Shaoul will remain on as a member of the Board of Directors of Cimatron Ltd.
Cimatron Ltd.'s major shareholders are Koonras Technologies, a subsidiary of Polar Investments, and the DBSI Investment group.
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 17,000 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/.
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission.
For More Information Contact: Rose Malichi Phone: +972-3-531-2095 Email: Email Contact
CONTACT: Rose Malichi of Cimatron Ltd., +972-3-531-2095,
Web site: http://www.cimatron.com/