PROTOMARKET.COM AND CIMATRON TECHNOLOGIES, INC. ANNOUNCE STRATEGIC ALLIANCE
Livonia, MI, November 7, 2000 - ProtoMarket.com, the first and largest
online marketplace for the Rapid Manufacturing industry, and Cimatron
Technologies, Inc., a leading developer of software solutions for the
tooling industry, today announced a strategic alliance to deliver online
quotation and collaboration applications to the global tooling and
manufacturing industry. ProtoMarket.com will offer access to Cimatron’s
QuickConcept collaboration software designed exclusively for the users of
the industry’s premier online rapid manufacturing marketplace.
QuickConcept is a tooling software package available to the rapid
manufacturing market that is focused specifically on tooling decisions and
delivers significant time- and cost-savings through precise analysis and
quotations. Cimatron designed an exclusive version of QuickConcept called
ProtoMarket Preview. With this package, users will be able to download this
new preliminary design and review software in order to address critical
tooling decisions, perform qualitative analysis, track engineering changes
and conduct collaborative design review.
“Having signed a memorandum of understanding to form this alliance with
ProtoMarket reinforces our strategic initiative to deliver the tooling
industry competitive advantages through high level analysis and decision
making tools,” said Nitzan Sapir, CEO, Cimatron. “We developed ProtoMarket
Preview to provide buyers and sellers preliminary tool design, geometric
analysis, engineering change management, viewing and markup utilities to
facilitate high-level, collaborative tool design.
“By downloading ProtoMarket Preview, the tool building team and the buyer
will have the advantage of seeing the action of the completed tool without
investing the countless hours a tool designer would normally put into the
design,” said Sapir. “As a result, problems specific to tool building are
discovered sooner allowing vendors to produce the most accurate quotes.
Hence, molds, tools and dies can be delivered more quickly and new products
get to market faster.”
ProtoMarket Preview will enable buyers to purchase tooling online by
allowing them to collaborate with vendors regardless of location. “This is a
revolutionary step forward in the move to online purchasing of tooling,”
said Jeff Katz, CEO, ProtoMarket. “Buyers have been hesitant to go online
because they haven’t had the robust collaboration tools necessary to work
with vendors on highly technical products like tooling. Cimatron’s
experience in developing CAD/CAM products for the tooling industry has
allowed them to produce a product that takes our marketplace to the next
level.”
About ProtoMarket.com
Launched in March of this year, ProtoMarket is an electronic marketplace
that matches buyers and sellers of contract manufacturing services. The
marketplace matches the procurement needs of buyers with highly qualified,
specialized vendors using a web-based application specifically designed to
deliver high-speed procurement over a secure platform. The service is
focused on the rapid prototyping/tooling, casting, CNC-machining and tooling
markets. ProtoMarket.com is also forming strategic alliances to offer a
number of additional value-added services for the design engineering and
manufacturing community.
For more information, visit ProtoMarket’s website at
http://www.ProtoMarket.com
or contact ProtoMarket.com Customer Service at
customerservice@ProtoMarket.com.
About Cimatron
Cimatron Ltd. is a leading developer of integrated software solutions for
the tooling industry. Through its Data-to-Steel 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 between users, and ultimately shorten
product delivery times.
Worldwide, thousands of customers in the automotive, 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 Cimatron Technologies’ Web site at
http://www.cimatron.com or contact Cimatron Customer Service at
sales@cimatron.ca.
For more information about the rp-ml, see http://ltk.hut.fi/rp-ml/
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