Welcome to our dedicated page for Altair Engineeri news (Ticker: ALTR), a resource for investors and traders seeking the latest updates and insights on Altair Engineeri stock.
Altair (Nasdaq: ALTR) is a global computational intelligence company whose news flow centers on simulation, high-performance computing (HPC), data analytics, and artificial intelligence (AI). The Altair news page on Stock Titan aggregates company press releases and third-party coverage so investors can follow how its software and cloud platforms are evolving and where they are being applied.
Recent Altair news highlights integrations between the Altair One cloud innovation gateway and technologies such as the NVIDIA Omniverse Blueprint for Real-Time Digital Twins, showcasing how users can visualize and interact with complex simulations and digital twins in shared virtual environments. Other announcements focus on enhancements to Altair HyperWorks, which supports a zero-prototype approach to product development, and Altair HPCWorks, the company’s HPC and cloud platform with expanded cloud scaling and AI-enabled job scheduling.
Altair news also covers sector-specific collaborations and programs. Examples include aerospace partnerships through the Altair Aerospace Startup Acceleration Program, membership in the Piedmont Aerospace Cluster, a memorandum of understanding with Cranfield University to advance simulation and AI in aerospace and robotics, and a 5G-6G Wireless Center of Excellence launched with L&T Technology Services. Financial releases, such as quarterly and full-year results, provide updates on software and total revenue, profitability metrics, and commentary on a pending acquisition by Siemens Industry Software Inc.
By monitoring ALTR news, readers can track product releases, technology integrations, industry partnerships, financial disclosures, and strategic transactions that may influence Altair’s role in simulation, HPC, data analytics, and AI. This page is a useful reference for anyone researching how Altair’s platforms are being adopted across industries and how the company is positioning itself within the broader software and information sector.
Altair (Nasdaq: ALTR) has announced the opening of submissions for the 2023 Enlighten Award, which recognizes innovations in sustainability and lightweight design in the automotive sector. Presented annually with the Center for Automotive Research, the award aims to honor advancements that reduce carbon footprints and encourage material reuse. Notably, this year introduces a new category, 'Responsible AI,' which acknowledges achievements in data analytics for sustainability. Submissions are open until May 31, 2023, with winners revealed at the CAR Management Briefing Seminars on August 1, 2023.
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Altair (Nasdaq: ALTR) announced its plans to release financial results for the fourth quarter and fiscal year ending December 31, 2022, on February 23, 2023, after market close. A conference call will take place at 5 p.m. ET on the same day to discuss these results and provide guidance for 2023. Investors and analysts can access the live and recorded webcast at investor.altair.com. Altair is recognized globally for its leadership in computational science and artificial intelligence, offering innovative solutions across various industries.
Altair (Nasdaq: ALTR) has announced its flagship virtual event, Future.Industry 2023, scheduled for March 8-9. The event will focus on key megatrends and the convergence of simulation, high-performance computing (HPC), AI, and data analytics. It aims to demonstrate how these technologies can maximize organizational technology investments. Featured speakers include experts from various fields, discussing topics ranging from consumer trends to the impact of leadership computing on science. Future.Industry 2023 will cater to global audiences with live translations in multiple languages. Registration details are available online.
On January 31, 2023, Altair (Nasdaq: ALTR) announced that Airbus Commercial has adopted Altair SimSolid as part of its ZEROe initiative to develop the first zero-emission commercial aircraft. Altair SimSolid is a simulation technology that significantly accelerates structural analyses, reducing delivery times from days to minutes for basic tasks and from months to under a week for complex assemblies. This partnership is expected to enhance design iteration capabilities, streamline engineering processes, and promote sustainability in aerospace innovation. Airbus aims to achieve a hydrogen propulsion system technology readiness level by 2025.
Altair (Nasdaq: ALTR) has entered a multiyear campuswide license agreement with TU Delft, providing access to simulation, data analytics, and high-performance computing for nearly 30,000 students and faculty. This agreement includes over 1 million Altair Units, enabling extensive use of Altair's software solutions. The partnership highlights TU Delft's commitment to top-tier technology in education and research. It also complements the recent installation of DelftBlue, a supercomputer designed to meet the growing computational needs for complex problem-solving. The collaboration aims to enhance educational and research outcomes.
On January 17, 2023, Altair (Nasdaq: ALTR) announced a significant partnership with Soltec, a solar equipment manufacturer in Spain. Under this agreement, Soltec will implement Altair's full suite of technology solutions in its R&D division. This collaboration aims to enhance Soltec’s capabilities in developing and optimizing solar technology, particularly solar trackers. The CEO of Altair emphasized the company's commitment to sustainability and innovation, while Soltec highlighted the advantages of using Altair's unique licensing system for improved software access and cost efficiency. The partnership underscores both companies' focus on advancing renewable energy solutions.
Altair (Nasdaq: ALTR) announced the launch of its updated Simulation 2022.2 software, enhancing cloud elasticity, scalability, and electronic systems development. Key improvements include a flexible user experience through Altair One, enabling access to essential tools and resources from various devices. The update streamlines product development with better integration for electronic systems and improved modeling capabilities, helping teams reduce costs and time-to-market. These advancements position Altair as a leader in AI and computational science, supporting businesses in making informed decisions throughout the product lifecycle.
On Dec. 20, 2022, Altair (Nasdaq: ALTR) announced a $10 million investment in Xscape Photonics, a startup specializing in photonic chips for high-bandwidth connections in data centers and high-performance computing (HPC). This collaboration aims to enhance computing efficiency while reducing power consumption and heat. James R. Scapa, Altair's CEO, stated that this investment aligns with their commitment to advanced technologies. Scapa will join Xscape's board, emphasizing the partnership's potential to drive innovation in the HPC and AI sectors.
Altair (Nasdaq: ALTR) has partnered with the U.S. Department of Energy's Argonne National Laboratory to deploy its PBS Professional workload manager on the Polaris supercomputer. This technology aims to enhance scientific research capabilities, particularly in addressing energy crises through advancements in fusion energy, biofuels, and safer nuclear reactors. By managing thousands of node hours concurrently, PBS Professional accelerates research by hundreds of hours. The upcoming Aurora supercomputer will further leverage this technology, potentially achieving two quintillion operations per second.
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