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ALTR Altair Engineering Inc

88.05
1.20 (1.38%)
Last Updated: 16:05:11
Delayed by 15 minutes
Share Name Share Symbol Market Type
Altair Engineering Inc NASDAQ:ALTR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.20 1.38% 88.05 87.98 88.15 88.63 87.38 88.63 31,290 16:05:11

One Model, One Solver: Altair and LG Electronics Develop All-in-One Analysis Solution to Significantly Extend Product Lifespans

31/07/2024 12:00pm

PR Newswire (Canada)


Altair Engineering (NASDAQ:ALTR)
Intraday Stock Chart


Wednesday 31 July 2024

Click Here for more Altair Engineering Charts.

Complex fatigue analysis reduced development time for vehicle infotainment components by more than 20%

TROY, Mich., July 31, 2024 /CNW/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, and LG Electronics Vehicle component Solutions Company (LG VS Company) have collaborated to develop analysis solutions aimed at extending product lifespans. LG Electronics reduced the development time for their vehicle infotainment components by over 20% with the help of Altair® OptiStruct® – an optimization-enabled structural analysis software and key product in the Altair® HyperWorks® design and simulation platform.

Altair and LG Electronics Vehicle component Solutions Company (LG VS Company) have collaborated to develop analysis solutions aimed at extending product lifespans, reducing the development time for their vehicle infotainment components by over 20% with the help of Altair® OptiStruct®,

Previously, LG Electronics relied on multiple software tools and models for fatigue damage evaluation during product development, leading to prolonged analysis times and complex model management. To streamline this process, Altair and LG Electronics have developed a multiphysics-based, integrated fatigue analysis solution.

"Our collaboration with LG Electronics enhances the prediction of its products' safety and durability and accelerates advancements in various manufacturing industries, including electronic components," said Sam Mahalingam, chief technology officer, Altair. "This effort further validates Altair's leadership in electronics, helping our customers solve their toughest challenges and take ideas from concept to production faster than ever."

Leveraging its experience in mass-producing, next-generation vehicle infotainment components, LG Electronics provided various cases to enhance the software's accuracy and reliability through learning and development. This collaboration allows users to identify and rectify potential issues at the design stage, significantly extending product lifespans. Furthermore, the integrated analysis process analyzes stress and strain in various environments for optimal designs, improving product durability and performance.

"Developing safe, high-quality automotive components for our OEM customers involves numerous tests, analyses, and verification processes," said Sangyong Lee, head of the LG Electronics VS division research lab. "This collaboration combines LG Electronics' expertise with Altair's AI-powered engineering technology, enhancing our competitiveness as a solution provider."

Building on more than 25 years of innovation, OptiStruct is a proven, modern structural solver with comprehensive, accurate, and scalable solutions for linear and nonlinear analyses across statics and dynamics, vibrations, acoustics, fatigue, heat transfer, and multiphysics disciplines. It is used globally at industry-leading companies to drive design with optimization and validate structural performance. For the past two decades, OptiStruct topology optimization has driven the lightweight and structurally efficient designs of products you see and use every day. OptiStruct offers many other structural optimization methods and a broad range of essential manufacturing constraints for traditional processes, composites, and additive manufacturing.

For more information about Altair HyperWorks visit https://altair.com/altair-hyperworks.

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

Altair Korea

Charlotte Hartmann

Iseul Jeong

+49 7031 6208 0

+82.70.4050.9210

emea-newsroom@altair.com 

iseul@altair.com 

 

Altair (PRNewsfoto/Altair)

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SOURCE Altair

Copyright 2024 Canada NewsWire

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