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 Engineering (ALTR) provides cutting-edge simulation software, high-performance computing (HPC), and AI-driven solutions that transform product design and operational efficiency across industries. This page serves as the definitive source for verified news and official announcements from Altair, offering stakeholders timely insights into the company’s strategic direction.
Access up-to-date press releases covering earnings reports, product innovations, strategic partnerships, and leadership updates. Investors and industry professionals can track developments in Altair’s core technologies, including advancements in simulation accuracy, cloud-based HPC scalability, and data analytics integration.
All content is curated to meet investor needs while maintaining technical relevance. Expect updates on regulatory filings, intellectual property milestones, and cross-sector applications in automotive, aerospace, and industrial manufacturing. Our neutral presentation ensures compliance with financial disclosure standards.
Bookmark this page for direct access to Altair’s verified announcements. Check regularly for insights into how the company’s engineering solutions address evolving market demands in digital transformation and sustainable design practices.
Toggled, a subsidiary of Altair (Nasdaq: ALTR), has launched two innovative products: the Toggled iQ Area Lighting Controller and the Toggled iQ Plug Load Controller. These products aim to enhance energy efficiency and building management by allowing businesses to better control lighting and plug loads, potentially realizing energy savings of up to 50%. Both controllers are featured on the DesignLights Consortium (DLC) Networked Lighting Controls (NLC) qualified products list and will be showcased at LightFair 2021 from October 27-29 in New York.
Altair (Nasdaq: ALTR) will announce its third-quarter financial results for 2021 on November 4, 2021, after market close. A conference call will be held at 5 p.m. ET to discuss the results and provide insights into the fourth quarter and full-year outlook. Investors can listen live or access a recorded version of the webcast at investor.altair.com. The event aims to inform stakeholders about the company's performance in simulation, HPC, and AI, emphasizing its leading position in these sectors.
Toggled, a subsidiary of Altair (Nasdaq: ALTR), has unveiled its smart building platform, Toggled iQ, aimed at enhancing building management, energy efficiency, and tenant satisfaction while reducing costs. The platform integrates IoT technology to optimize operational efficiency and decrease carbon emissions through smart lighting and sensor connectivity. Toggled iQ can reduce energy consumption by up to 60% with LED retrofits and offers a user-friendly mobile app for real-time control. The innovative system promotes sustainability and simplifies adoption for businesses.
Altair (Nasdaq: ALTR) has launched its 2021.2 simulation software update, enhancing simulation-driven design with AI integration. Key improvements include simplified workflows, faster what-if studies, and a comprehensive Python-based API for automation. The update promotes innovation and collaboration among engineers. Notable features are Altair Pulse for streamlined modeling and AI tools to boost design efficiency. This comprehensive update aims to accelerate decision-making and optimize manufacturing outcomes, providing users with enhanced tools for managing complex systems throughout the product lifecycle.
Altair, a leader in simulation and AI, has launched the Altair Material Data Center (AMDC) consortium to enhance its cloud-based materials information resource. This initiative aims to provide engineers and designers with precise data on various materials, aiding in sustainable product design. New consortium members include notable industry players like Nikola Motors and the National Institute for Aviation Research. The consortium will influence AMDC's growth, ensuring it meets user needs, while providing early access to Altair’s innovations.
Altair (Nasdaq: ALTR) announced a private placement financing of $200 million from Matrix Capital Management, a major stockholder, in exchange for 2,935,564 shares of Class A common stock, with a 1-year lockup period. The financing aims to support Altair's growth as demand for its simulation and high-performance computing solutions increases post-pandemic. The securities will not be registered under the Securities Act, and the company plans to register them within a year. This move illustrates Matrix's confidence in Altair's potential for innovation and product development.
Altair (Nasdaq: ALTR) announced a new channel partner agreement with TrueInsight, based in Sandy, UT, to exclusively offer its simulation, data analytics, and AI software solutions. This partnership aims to enhance customer relationships by providing dedicated support and strategic sales. TrueInsight, founded by industry veterans, has over 25 years of experience selling to U.S. SMBs and is expected to boost growth for both organizations. Altair continues to expand its channel partner community globally, focusing on various industries.
Altair (Nasdaq: ALTR) announced its upcoming global digital experience, Future.Industry, scheduled for October 19-21, 2021, focusing on advances in manufacturing. The event will feature keynotes from industry leaders, including Sheryl Connelly from Ford, and discussions on simulation, high-performance computing, and AI. Attendees can expect interactive sessions, practical applications of Altair technology, and discussions aimed at fostering a sustainable future. The event is complimentary and will cater to a global audience with live translations available in multiple languages.
Altair (Nasdaq: ALTR) announced that CEO James Scapa and CFO Matt Brown will present at the Rosenblatt Technology Summit on August 26, 2021, at 8:00 a.m. ET. This presentation will follow a fireside chat format and will be available for live streaming and replay on the company’s investor relations website. Altair specializes in software and cloud solutions, focusing on simulation, high-performance computing, and artificial intelligence, aiming to help organizations enhance competitiveness and sustainability.
