Altair Engineering Inc. (ALTR), a prominent player in simulation technology, has forged a strategic partnership with Oasys, the software arm of Arup, to deliver an integrated solution for safety simulation modeling. This collaboration brings together Altair HyperWorks and Oasys PRIMER, two powerful platforms, to offer a comprehensive solution tailored for the automotive market.
The combined service platform will allow engineers to access a seamless workflow for crash simulation modeling. Data preparation for these simulations will be streamlined through the Altair HyperWorks environment, leveraging its AI-augmented 3D modeling and visualization capabilities. HyperWorks is known for its advanced design and optimization workflows, enabling users to manage complex models efficiently, gain crucial insights, and optimize designs to drive innovation.
Oasys PRIMER complements HyperWorks by providing a specialized tool for preparing and modifying crash safety analysis models. This integration effectively enhances the entire safety simulation process, streamlining data preparation and analysis for engineers.
Beyond this collaboration, Altair continues to advance its HyperWorks platform through strategic investments and innovation. In July 2024, Altair launched HyperWorks 2024, positioning it as the sole platform offering a unified, modern user experience across all stages of the product development lifecycle. This platform is a testament to Altair’s commitment to AI-powered simulation-driven innovation.
Earlier in April 2024, Altair acquired Research in Flight, a company known for its computational fluid dynamics software. This acquisition further strengthens HyperWorks’ capabilities, particularly in aerospace and defense, while expanding its presence in other sectors like marine, energy, and automotive.
Altair’s relentless pursuit of innovation has led to impressive results. Its focus on AI-embedded workflows and continuous platform enhancements have placed it at the forefront of the industry. This dedication has translated into significant growth, reflected in a 40.6% surge in share value over the past year, outperforming the Zacks Engineering – R and D Services industry’s 38.5% growth.
While Altair currently holds a Zacks Rank #3 (Hold), investors may consider exploring other top-performing companies in the construction sector. Comfort Systems USA, Inc. (FIX) and M/I Homes, Inc. (MHO) both boast a Zacks Rank #1 (Strong Buy) and have shown impressive growth in recent years. Howmet Aerospace Inc. (HWM), also sporting a Zacks Rank #1, has seen substantial share gains and positive earnings performance.
