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Cimatron Establishes 3D Printing Advisory Board

Stocks in this article: CIMT

GIVAT SHMUEL, Israel, March 6, 2013 /PRNewswire/ --

Cimatron Limited (NASDAQ: CIMT & TASE: CIMT), announced today that its Board of Directors has approved the establishment of a 3D Printing Advisory Board, and named industry expert Terry Wohlers as its first member.

"The creation of a 3D printing advisory board, and Mr. Wohlers' appointment to it, is aimed at accelerating Cimatron's efforts in entering the additive and hybrid manufacturing field," said Mr. Danny Haran, Cimatron's President and CEO. "We are pleased and honored to have Mr. Wohlers on board, and believe that his wide experience and knowledge of this fast emerging industry will assist us in identifying ways in which we can further our efforts to serve the global manufacturing market as effectively and innovatively as possible."

Terry Wohlers has been a leading authority on 3D printing technology for over two decades. His Colorado-based company, Wohlers Associates, Inc., http://wohlersassociates.com, provides technical and strategic consulting on the new developments and trends in rapid product development, additive manufacturing, and 3D printing, and has provided advice and assistance to over 200 organizations in 24 countries. Mr. Wohlers is also a public commentator on the 3D printing industry, having served as a keynote speaker at nearly 100 conferences worldwide and interviewed extensively as an industry expert across countless print and electronic media.

"Cimatron has long been a strong player in the CAD/CAM software market, and it is only natural for the company to leverage its knowledge of manufacturing software solutions by exploring opportunities in 3D printing," said Mr. Wohlers.

"By 2015, we believe the 3D printing industry will be worth $3.7 billion, and a successful deployment by Cimatron in this market will provide it strong potential for growth," Wohlers explained. "I am honored to have been selected as part of Cimatron's pioneering efforts in this regard and I look forward to working closely with Cimatron's management team and Board of Directors."

About Cimatron

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