Ansys Inc Stock Price, News & Analysis

Ansys has signed a multiyear agreement with Sub-Zero Group to enhance simulation-driven product development. By integrating Ansys simulation solutions in early R&D stages, Sub-Zero aims to optimize designs and improve efficiency while reducing physical prototypes by up to 50% and accelerating development timelines by nearly 20%. This shift to virtual prototyping not only boosts productivity but also enhances sustainability by minimizing material use. The partnership emphasizes the importance of simulation in creating high-quality kitchen appliances.

Praan, Inc., a technology startup, has leveraged Ansys' simulation solutions to develop innovative filterless air purifiers aimed at improving air quality. The new MK One, MK Two, and HIVE models offer low maintenance costs and faster development times—reducing prototyping from 4.5 years to just 45 days. Notably, Praan's air purification technology aims to combat air pollution in large spaces while ensuring net-zero emissions through sustainable practices. The products are showcased at CES 2023, highlighting their commitment to affordable, effective clean air solutions.

Ansys (NASDAQ: ANSS) supports Halodi Robotics in developing humanoid robots through its simulation software, reducing development time significantly. The robots aim to assist in various tasks, including healthcare logistics, thus addressing labor shortages. Halodi's engineers utilized Ansys tools to create high-torque motors that are both powerful and safe, mimicking human muscle behavior. The initiative enhances the interaction between robots and humans in real-world settings, showcasing advancements in robotics technology.

Bianchi, an Italian bicycle manufacturer, utilized Ansys simulation software to achieve a 70% reduction in physical bike frame prototyping. This innovation enables faster time-to-market and reduced development costs while satisfying safety and performance requirements. Supported by channel partner EnginSoft, the company’s E-Omnia e-bike has been showcased at CES 2023, highlighting a shift towards green mobility. Ansys solutions allowed Bianchi to optimize frame geometry and design verification, improving overall performance and meeting market demand for lighter, stiffer, and faster bicycles.

Ansys announces its collaboration with Atomberg, an innovator in energy-efficient appliances, to develop a new electric fan motor that utilizes a simulation-driven design. This technology allows the fan to consume 65% less electricity compared to traditional models, running on only 28 watts instead of 70-80 watts. With the support of CADFEM India, Ansys simulation tools have been integral in optimizing performance and ensuring sustainability through reduced energy consumption. This move aligns with both companies' commitment to sustainability and innovation in home appliances.

Ansys has announced the acquisition of Rocky DEM, a leader in discrete element method (DEM) simulation software, to enhance its particle mechanics offerings. This strategic move aims to bolster Ansys' presence in South America and integrate Rocky's technology across various industries. The acquisition is expected to provide users with advanced modeling tools to optimize solid handling processes and improve product quality. Ansys does not anticipate any significant impact on its financials for 2023 as a result of this transaction.

Ansys will showcase its simulation solutions at CES 2023, highlighting advancements in sustainable mobility. Key exhibits include collaborations with AWS, Microsoft, and Bianchi, focused on electric vehicles and autonomous systems. Ansys aims to enhance product development through digital transformation, reducing costs and emissions. The company positions itself as a leader in simulation technologies, vital for accelerating innovation in the mobility sector. Key partnerships emphasize the importance of simulation in achieving a connected and sustainable future for transportation.

Ansys appointed Claire Bramley to its Board of Directors effective December 15, 2022. With extensive experience in financial leadership, including roles at Teradata and HP, Bramley brings a wealth of knowledge in strategic planning and mergers & acquisitions. Her appointment aims to enhance Ansys' operational excellence and growth potential. Ansys' chairman and CEO expressed confidence that Bramley's expertise will complement their ongoing business momentum.