Altair Announces 2024-2025 Global Student Contest

Rhea-AI Summary

Altair (Nasdaq: ALTR) has launched the 2024-2025 Altair Global Student Contest, offering nearly $30,000 in cash prizes. The contest focuses on robotics and mechatronics innovations using Altair software. Running from October 2024 to June 2025, students can optimize various robotic applications, including FIRST® Robotics Competition robots, manufacturing robots, and more.

Participants are encouraged to use Altair's optimization tools like Inspire™, AI Studio, and PSIM™. Quarterly prizes include $2,000 for first place, $1,000 for second, and $500 for third. Additionally, Altair will award three $5,000 FIRST team sponsorships and three Student Ambassadorships worth up to $1,000 each. The contest aims to showcase student talent and prepare them for real-world careers in engineering and design.

Positive

• Altair is offering nearly $30,000 in cash prizes for student innovations
• The contest provides exposure and experience for students in robotics and mechatronics
• Quarterly prizes of $2,000, $1,000, and $500 are available
• Three $5,000 FIRST team sponsorships are being offered
• Three Student Ambassadorships worth up to $1,000 each are available

Negative

• None.

Contest to showcase how students use Altair software to create tomorrow's biggest innovations in robotics and mechatronics

TROY, Mich., Oct. 1, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to announce the launch of the 2024-2025 Altair Global Student Contest. The contest is open to all students who want to show off their engineering and design talents for a chance to win recognition and cash prizes. The contest – which will award nearly $30,000 in cash prizes – will showcase how students are using Altair software to create game-changing innovations, specifically in the fields of robotics and mechatronics.

"This year's Global Student Contest places a special emphasis on robotics thanks to Altair's extensive collaboration with FIRST over several years," said Jim Ryan, vice president of global academic programs, Altair. "Our comprehensive technology offering is perfect for students of all levels, giving them the means to bolster their portfolio, sharpen their skill sets, collaborate more effectively, and become Real-World Ready™ by the time they're ready to launch their careers. Nobody gives students the means to unleash their creativity and inspire innovation like Altair."

The Global Student Contest will run from October 2024 through June 2025. Students are invited to optimize a robotics application of their choice, which could include a FIRST® Robotics Competition (FRC) robot, manufacturing robot, robotic arm, battle bot, or any other robotic system. Optimizations can target electrical, mechanical, structural, lightweighting, motion, or functional aspects, such as using data to enhance the robot's performance during operation.

While students can use any solution from the Altair® HyperWorks® and Altair® RapidMiner® platforms, they are encouraged to utilize at least one of Altair's most student-friendly optimization tools: Altair® Inspire™, Altair® AI Studio, and Altair® PSIM™. Students must submit a video that explains their project's methodology and results. At the end of each quarter during the contest period, participants have the chance to win $2,000 for first place, $1,000 for second place, and $500 for third place.

In addition, throughout the contest Altair will award three FIRST team sponsorships of $5,000 each. Teams can earn a chance to win by submitting short, reel-like testimonial videos that explain how Altair tools have helped them and why they enjoy using them. Altair will also name three Altair Student Ambassadorships, which give each recipient a chance to earn up to $1,000 for their contributions as a student ambassador. More info on the student ambassadorships can be found on the contest's webpage.

"We are delighted to see one of our corporate sponsors offer a global student contest which includes encouraging our pre-university students to apply their skills to building next-gen robotics," said Scott Legasse, senior manager for corporate relations, FIRST. "Altair strives to help students of all ages be real-world ready, and this is another indication that they are focused on that effort."

FIRST is a global non-profit public charity corporation founded in 1989 with the goal of preparing young people for the future through a suite of inclusive, team-based robotics programs for ages 4-18. The FIRST Robotics Competition program debuted in 1992 and operates in more than 28 countries and regions worldwide with participants in grades 8-12. FIRST has reached more than 3.2 million student participants around the world since its inception.

To learn more about the contest, including submission criteria and entry forms, visit https://web.altair.com/global-student-contest-2024.

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
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Altair Europe/The Middle East/Africa
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+44 (0)7392 437 635
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SOURCE Altair

FAQ

What is the focus of Altair's 2024-2025 Global Student Contest?

The 2024-2025 Altair Global Student Contest focuses on robotics and mechatronics innovations using Altair software.

How much prize money is Altair (ALTR) offering in the 2024-2025 Global Student Contest?

Altair is offering nearly $30,000 in cash prizes for the 2024-2025 Global Student Contest.

When does the Altair (ALTR) 2024-2025 Global Student Contest run?

The Altair Global Student Contest runs from October 2024 through June 2025.

What types of robotic applications can students optimize in Altair's 2024-2025 contest?

Students can optimize various robotic applications, including FIRST® Robotics Competition robots, manufacturing robots, robotic arms, battle bots, or any other robotic system.

What are the quarterly prize amounts for Altair's (ALTR) 2024-2025 student contest?

The quarterly prizes are $2,000 for first place, $1,000 for second place, and $500 for third place.