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Cimatron announces new office in China

Cimatron Limited today announced the opening of a new office in Guangzhou, China.

Givat Shmuel, Israel, Guangzhou, Beijing, China – January? 10th, 2005– Cimatron Limited (NASDAQ: CIMT), a global provider of CAD/CAM solutions for the tooling industry, today announced the opening of a new office in Guangzhou, China. Cimatron South China is a joint venture of Cimatron with SGV. SGV is a company that has been distributing Cimatron products since 1998 and has already hundreds of customers in GuangDong, GuangXi, FuJian and ZheJiang. The company has maintained good relationship with local colleges and associations, and cooperates tightly with ZheJiang University, GuangXi University, GuangDong Mechanical Academ. Cimatron’s new office boasts a customer base of nationally acclaimed corporations, including ChiCheng, Media, XinFei, ChangCheng Electron, etc.

Zvika Naggan, President and Chief Executive Officer of Cimatron, said: “The Chinese market is the largest growing manufacturing market today in the world and we pay special attention to its development and needs. We doubled our activities in China compared to last year and now we are opening an additional office there. We also took first steps toward the cooperation with Chinese companies on complementary products and toward the use of high skill Chinese engineering force to enhance our R&D capabilities.

I firmly believe in leading Cimatron China forward, and with the help of our local distributors network and dedicated customers, we will enhance our position in this market”

LangYan, General Manager of Cimatron China, said: “The new office opening in South China is another opportunity to bring to play Cimatron’s vast CAD/CAM expertise. We will be able to leverage on Cimatron’s 23 years’ field experience in the European and US markets. Cimatron China is committed to further increase its presence in this market through better product offering, support, and distribution channels.”

Liu Xiuzhen, General Manager of Cimatron South China, said: “Founding Cimatron South China allows us to benefit from Cimatron global as well as local industry knowledge. We will enhance our existing customer base, leveraging on Cimatron’s experience, know-how and technical professionalism.”

About Cimatron
Cimatron (NASDAQ: CIMT) is the leading provider of integrated CAD/CAM solutions for the tooling industry. 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 installations in the automotive, consumer plastics, and electronics industries, employ Cimatron’s leading CAD/CAM solutions for manufacturing. Founded in 1982, Cimatron 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.

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