Cimatron Ltd. (NASDAQ: CIMT) is a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries. The company, with over 28 years of experience and 40,000 installations worldwide, is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles and shorten product delivery times.
The company recently announced that the Tel-Aviv Stock Exchange has approved the dual listing of Cimatron’s ordinary shares on the exchange beginning with trading on March 2, 2011, under the ticker symbol CIMT. Cimatron’s shares will continue to be listed here in the US on the NASDAQ Capital Market and the company will continue to remain subject to the rules and regulations of both NASDAQ and the Securities Exchange Commission.
The Tel-Aviv Stock Exchange is the home of Israel’s most innovative and growing companies. It is currently home to about 140 high-tech listed companies. This reflects the strong position of the exchange in the technology and biotech industries.
Chairman of the board of directors, Yossi Ben-Shalom, explained the reasons for dual-listing, “We believe this step will expand our exposure to the Israeli investment community and will increase the interest in Cimatron among Israel’s large and sophisticated institutional investors, as well as provide trading access for European investors during regular European business hours.”
For more information on Cimatron, please visit the company’s website at www.cimatron.com