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On Tue, 23 Jul, 4:03 PM UTC
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[1]
Altair Signs MoU with the University of Nottingham to Develop Aerospace Digital Twin Project - Altair Engineering (NASDAQ:ALTR)
University to use the Altair® HyperWorks® and Altair® RapidMiner® platforms in groundbreaking electric propulsion digital twin project TROY, Mich., July 23, 2024 /CNW/ -- Altair ALTR, a global leader in computational intelligence, has signed a memorandum of understanding (MoU) with the U.K.-based University of Nottingham for a digital twin project within the aerospace sector. The digital twin -- set to be the first of its kind -- will not merely be a technology demonstrator, but a fully-fledged solution the industry can use to rapidly design, validate, and test the electric propulsion systems of new aircraft or advanced air mobility (AAM) vehicles and/or to evaluate the retrofit of existing ones. The agreement will give University of Nottingham researchers unlimited access to the Altair® HyperWorks® design and simulation and Altair® RapidMiner® data analytics and artificial intelligence (AI) platforms. The platforms will empower researchers with technology for AI-powered multiphysics and multi-domain simulation, along with full data analytics and machine learning technology to manage experimental data and close the loop between the digital and physical models. In addition, the agreement also provides the university team with access to Altair's high-performance computing (HPC) tools and unlimited training. "Altair is committed to boosting innovation with a focus on next-generation sustainability in all sectors. This is why we partner with some of the most advanced universities and research centers in the world, like the University of Nottingham," said Dr. Pietro Cervellera, senior vice president of aerospace and defense, Altair. "Through our leading technology and expertise, our ultimate aim is to develop groundbreaking new solutions that open new possibilities and advance sustainability in aerospace, transportation, and beyond." "We share Altair's vision of accelerating the creation and delivery of innovations that can transform the technologies and systems we use every day," said Chris Gerada, Professor of Electrical Machines and lead for strategic research and innovation initiatives at the University of Nottingham. "Altair's technology will help us to accelerate the translation of zero carbon research into real-world industry solutions that decarbonise transportation. Paired with our leading strengths in electrification, hydrogen and manufacturing, this collaboration increases our capabilities and boosts Altair's status as a key industry partner of choice for the university." This MoU is a key achievement that supports the capabilities of the university's new Zero Carbon Innovation Centre, co-funded by East Midlands Freeport, to build a complete digital twin of an electric propulsion system. Thanks to the vast possibilities Altair's technology offers, the teams now have technology that spans energy storage (including batteries and fuel cells), power electronics and digital controllers, motors, cables, inverters, and the management of the systems' thermal, power, and electromagnetic interference (EMI). For nearly 40 years has been a major player in providing software solutions for the aerospace industry. To learn more about Altair's aerospace solutions, visit https://altair.com/aerospace-and-defense. 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 View original content to download multimedia:https://www.prnewswire.com/news-releases/altair-signs-mou-with-the-university-of-nottingham-to-develop-aerospace-digital-twin-project-302203867.html SOURCE Altair View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2024/23/c4810.html Market News and Data brought to you by Benzinga APIs
[2]
Altair Signs MoU with the University of Nottingham to Develop Aerospace Digital Twin Project | Taiwan News | Jul. 23, 2024 19:20
University to use the Altair® HyperWorks® and Altair® RapidMiner® platforms in groundbreaking electric propulsion digital twin project TROY, Mich., July 23, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has signed a memorandum of understanding (MoU) with the U.K.-based University of Nottingham for a digital twin project within the aerospace sector. The digital twin -- set to be the first of its kind -- will not merely be a technology demonstrator, but a fully-fledged solution the industry can use to rapidly design, validate, and test the electric propulsion systems of new aircraft or advanced air mobility (AAM) vehicles and/or to evaluate the retrofit of existing ones. Altair has signed a memorandum of understanding (MoU) with the U.K.-based University of Nottingham for a digital twin project within the aerospace sector. The agreement will give University of Nottingham researchers unlimited access to the Altair® HyperWorks® design and simulation and Altair® RapidMiner® data analytics and artificial intelligence (AI) platforms. The platforms will empower researchers with technology for AI-powered multiphysics and multi-domain simulation, along with full data analytics and machine learning technology to manage experimental data and close the loop between the digital and physical models. In addition, the agreement also provides the university team with access to Altair's high-performance computing (HPC) tools and unlimited training. "Altair is committed to boosting innovation with a focus on next-generation sustainability in all sectors. This is why we partner with some of the most advanced universities and research centers in the world, like the University of Nottingham," said Dr. Pietro Cervellera, senior vice president of aerospace and defense, Altair. "Through our leading technology and expertise, our ultimate aim is to develop groundbreaking new solutions that open new possibilities and advance sustainability in aerospace, transportation, and beyond." "We share Altair's vision of accelerating the creation and delivery of innovations that can transform the technologies and systems we use every day," said Chris Gerada, Professor of Electrical Machines and lead for strategic research and innovation initiatives at the University of Nottingham. "Altair's technology will help us to accelerate the translation of zero carbon research into real-world industry solutions that decarbonise transportation. Paired with our leading strengths in electrification, hydrogen and manufacturing, this collaboration increases our capabilities and boosts Altair's status as a key industry partner of choice for the university." This MoU is a key achievement that supports the capabilities of the university's new Zero Carbon Innovation Centre, co-funded by East Midlands Freeport, to build a complete digital twin of an electric propulsion system. Thanks to the vast possibilities Altair's technology offers, the teams now have technology that spans energy storage (including batteries and fuel cells), power electronics and digital controllers, motors, cables, inverters, and the management of the systems' thermal, power, and electromagnetic interference (EMI). For nearly 40 years has been a major player in providing software solutions for the aerospace industry. To learn more about Altair's aerospace solutions, visit https://altair.com/aerospace-and-defense. 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 [email protected] [email protected] Altair Europe/The Middle East/Africa Charlotte Hartmann +49 7031 6208 0 [email protected]
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Altair signs MOU with the University of Nottingham to develop an aerospace digital twin project. The collaboration aims to advance research and innovation in the aerospace industry through the use of digital twin technology.
Altair, a global leader in computational science and artificial intelligence, has signed a Memorandum of Understanding (MOU) with the University of Nottingham to develop an innovative aerospace digital twin project 1. This collaboration marks a significant step forward in the advancement of aerospace technology and research.
The project will focus on creating a digital twin, which is a virtual representation of a physical object or system. In the aerospace industry, digital twins can be used to simulate and analyze aircraft performance, maintenance needs, and potential issues before they occur in real-world scenarios 1.
The partnership between Altair and the University of Nottingham aims to leverage the strengths of both institutions. Altair will provide its advanced simulation and optimization software, while the university will contribute its expertise in aerospace engineering and research capabilities 1.
This collaboration has the potential to significantly impact the aerospace industry by:
While this project focuses on aerospace applications, it's worth noting that digital twin technology has been gaining traction in various industries. For instance, in Taiwan, the Ministry of Economic Affairs has been promoting the use of digital twins in manufacturing to boost industrial competitiveness 2.
The Altair-University of Nottingham collaboration sets the stage for future advancements in aerospace engineering. As digital twin technology continues to evolve, it may lead to more efficient, safer, and innovative aircraft designs. This project could potentially serve as a model for similar partnerships between industry leaders and academic institutions in other technological fields.
Altair, a global leader in computational science and artificial intelligence, is set to demonstrate its cutting-edge AI-powered engineering solutions at the Farnborough International Airshow 2024. The company will highlight its innovative technologies that are transforming the aerospace industry.
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German conglomerate Siemens agrees to buy US-based tech company Altair for $10.6 billion, aiming to create the world's most comprehensive AI-powered design and simulation portfolio.
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Altair releases HyperWorks 2025, an advanced design and simulation platform that integrates AI, cloud computing, and multiphysics simulation to revolutionize product development and push towards a zero-prototype world.
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NVIDIA introduces Omniverse Blueprint, a technology enabling industry software developers to create digital twins with real-time physics simulations, promising significant improvements in speed and efficiency for computer-aided engineering across various industries.
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James R. Scapa, founder, chairman, and CEO of Altair Engineering, has sold a significant portion of company stock. The transaction, valued at over $47 million, has caught the attention of investors and market analysts.
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