MOORPARK, CA – March 6, 2012 – Gibbs and Associates, a Cimatron company and developer of GibbsCAM® software for programming CNC machine tools, has announced that it is celebrating 30 years of innovation in the CAD/CAM industry.
"We want to extend our thanks to our customers," said Bill Gibbs, President and founder of Gibbs and Associates. "We owe our longevity in this market to them. We learn and grow from them every day, and would not be here without them. And in return, they have our commitment to ongoing growth and improvements to GibbsCAM that ensures that the investment they have made in our CAM software will continue to pay dividends for them in the future." Gibbs continued, "In addition to our customers, we are grateful to our employees and industry partners that have all contributed to the successful business that we are today, with 2011 being the most profitable year in our 30 year history."
In 1982, Gibbs began a business venture as an NC Programmer with a CAM system that he had designed for a machine tool dealer. That venture changed direction two years later with the introduction of the Apple® Macintosh® computer. Impressed by the graphics and graphic user interface, Gibbs knew that the Macintosh computer would be the perfect platform for a user-friendly CAM system, and soon after began development on The Gibbs System. The Macintosh-based Gibbs System focused on "CAD/CAM for the Machinist", providing tools that were easy to use and specialized for their purposes.
In 1993, the popularity of IBM PC's led Gibbs to create a PC-based CAM system, called Virtual Gibbs®, later renamed GibbsCAM. Coming from a Macintosh background proved useful in creating software that is both easy to learn and easy to use. Powerfully Simple, Simply Powerful has been a guiding philosophy of the development of GibbsCAM, utilizing a graphic-user interface and continuing to focus on programming parts with the machinist in mind. Moveable tiles, high quality graphics, and the ability to see the part being cut on-screen have all contributed to GibbsCAM becoming a leading CAM system.
In January, 2008, Gibbs and Associates merged with Cimatron Ltd., a leading provider of CAD/CAM solutions for the tool, die and mold making markets, to become an independently operated subsidiary of the Cimatron Group, also celebrating its 30 year anniversary. The combination provides customers a much broader range of best-in-class CAD/CAM applications, and provides the combined company a much stronger, worldwide presence to access and support customers in manufacturing.
Gibbs has continued to add power and functionality to its product line and offers a full complement of solutions. With its roots in production milling and turning, Gibbs later added improvements for full 3-axis machining of surfaces and solid models, multi-task machining (MTM), both 4 and 5-axis simultaneous machining, wire EDM and Machine Simulation. Gibbs has built an impressive library of over 11,000 edit-free post processors, as well as CAD interoperability for all of the major CAD systems.
"We are proud of the breadth of our product line," tells Gibbs, "Our longevity in the CAM market has enabled us to handle a wide span of both parts and machines. We are especially proud of our leadership position in the MTM market, the most productive CNC machines in the world. It has been a privilege to serve the CAM industry for these last three decades, and I am excited about what the future holds. "
About Gibbs and Associates and GibbsCAM
For 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 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, 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, Haas, Index, MAG Fadal, Mazak, Mitsubishi, Mori Seiki, 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 (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 exchange and the Tel Aviv Stock Exchange 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.
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