Altair Announces Material Collaboration with HP Inc.

Rhea-AI Summary

Altair (Nasdaq: ALTR) has announced a collaboration with HP to integrate HP's proprietary material data into the Altair Material Data Center. This partnership aims to enhance the design and production of 3D-printed parts, particularly for Multi Jet Fusion and Metal Jet printers.

By bridging the gap between design and production, the collaboration will allow engineers to access accurate material property data, improving design efficiency and reducing prototyping time. Additionally, users of Altair Inspire Print3D will benefit from this integration, enabling faster and more accurate design and simulation of additively manufactured parts.

Positive

• Collaboration with HP enhances Altair Material Data Center.
• Improves design efficiency and reduces prototyping time.
• Integration benefits users of Altair Inspire Print3D.
• Access to accurate material property data from HP.

Negative

• None.

News Market Reaction

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+0.85% News Effect

On the day this news was published, ALTR gained 0.85%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HP data will bolster Altair^® Material Data Center™ bridging gap between design and production of 3D-printed parts

TROY, Mich., June 24, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has signed an agreement with HP Inc. in which HP will provide Altair with proprietary material information that will bolster the Altair^® Material Data Center™, which enables designers, engineers, and scientists to browse, search, and compare materials in a standalone application or through the interface of their simulation and optimization tools. The collaboration will help break down traditional barriers to 3D printing adoption and ultimately help customers better design parts for Multi Jet Fusion and Metal Jet printers.

"Collaborating with HP will empower our customers to overcome the common challenge of access to accurate material property data, that often hinders the design and production of 3D-printed parts," said Yeshwant Mummaneni, chief engineer, data management and analytics, Altair. "3D printing solutions are providing new and unique opportunities for businesses and industries of all sizes around the world – we are thrilled to continue providing best-in-class solutions and databases that help more people benefit from the technology and its adoption."

The collaboration between Altair and HP bridges the often-siloed functions of the design and production of 3D-printed parts. As a result of the partnership, engineers with access to the Altair Material Data Center will be able to use HP material data to design efficient parts, conduct structural analysis using finite element analysis (FEA), and predict and fix manufacturing defects during design and simulation.

"3D printing is at the forefront of so many next-generation opportunities – we are delighted to reinforce Altair's robust databases and solutions with our library of material information," said Arvind Rangarajan, global head, software and data, personalization, and 3D printing, HP. "Partnering with a technological leader like Altair will help organizations worldwide develop better products, shorten timelines, and minimize the prototyping process to reduce waste."

The collaboration will also benefit users of Altair^® Inspire™ Print3D, which accelerates the creation, optimization, and study of innovative, structurally efficient additively manufactured parts by providing a fast and accurate toolset for the design and process simulation of parts made by metal binder jetting.

To learn more, visit Altair in booth #800 at RAPID + TCT June 25-27 or visit https://materials.altairone.com/page/landing to register for free access to the Altair Material Data Center.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.

Media contacts
Altair Corporate	Altair Investor Relations
Bridget Hagan	Stephen Palmtag
+1.216.769.2658	+1.669.328.9111
corp-newsroom@altair.com	ir@altair.com
Altair Europe/The Middle East/Africa
Charlotte Hartmann
+49 7031 6208 0
emea-newsroom@altair.com

 

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SOURCE Altair

FAQ

What is the latest collaboration between Altair and HP?

Altair and HP have collaborated to integrate HP's proprietary material data into the Altair Material Data Center to enhance 3D printing design and production.

How will the Altair and HP collaboration benefit 3D printing?

The collaboration will provide engineers with accurate material data to improve design efficiency, reduce prototyping time, and better predict and fix manufacturing defects.

When was the Altair and HP collaboration announced?

The collaboration was announced on June 24, 2024.

What is the stock symbol for Altair?

The stock symbol for Altair is ALTR.

How will the Altair Material Data Center be enhanced?

The Altair Material Data Center will be enhanced by integrating HP's proprietary material data, providing accurate material property information for 3D printing.