Altair Expands Design Technology for Additive Manufacturing with Acquisition of Gamma

Rhea-AI Summary

Altair (Nasdaq: ALTR) has acquired Gen3D, a UK-based startup known for its innovative implicit geometry technology used in additive manufacturing. This acquisition enhances Altair's capabilities in designing complex geometries and improving manufacturing processes. Gen3D’s generative design tools allow engineers to create intricate designs while minimizing potential manufacturing issues, benefiting various industries such as aerospace and automotive. The integration of Gen3D's technology into Altair Inspire is expected to streamline product development and optimize performance.

Positive

• Acquisition of Gen3D enhances Altair's design capabilities in additive manufacturing.
• Gen3D's technology improves the creation of complex geometries, which can optimize production processes.
• Integration into Altair Inspire allows for a streamlined approach in simulation-driven design.

Negative

• None.

TROY, Mich., June 6, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Gen3D, a startup out of the University of Bath, U.K. Gen3D is a pioneer implementing the implicit geometry method for describing highly complex geometries such as lattice structures in additive manufacturing (AM). 

Gen3D's technology uses next-generation implicit modeling techniques to rapidly create complex geometry not practical with traditional boundary representation (BREP) solid approaches. This allows for components to be designed simply by specifying the functional requirements for the part (loads, holes for fastenings, keep-out zones, ducts for fluid flow etc). Additionally, the technology automatically filters out component geometries that are likely to cause downstream manufacturing issues.

Gen3D's generative design tool empowers engineers to rapidly create complex designs while minimizing the risk of in-print failures. It is used by design engineers for applications such as energy absorption, heat transfer, filtration, and others across industries such as aerospace, automotive, manufacturing, medical and energy. 

"In addition to a powerful technology that helps organizations navigate the challenges of design for additive manufacturing, the Gen3D team brings deep industry knowledge and experience in advanced additive design techniques such as generative design, topology optimization, and lattice structure generation," said James R. Scapa, founder and chief executive officer, Altair.

The technology will be integrated into Altair Inspire, an intuitive and powerful family of software products that enables simulation-driven design throughout the entire product development lifecycle, from concept to reality. When used early in the design process, the Inspire technology empowers the creation of designs that are focused on both performance and manufacturability and empowers its users to explore, develop, and manufacture high-performance products in a single intuitive development environment.

About Altair
Altair is a global leader in computational science and artificial intelligence (AI) 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. For more information, visit https://www.altair.com/.

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SOURCE Altair

FAQ

What is the purpose of Altair's acquisition of Gen3D?

The acquisition aims to enhance Altair's design capabilities for additive manufacturing by integrating Gen3D's innovative technology.

How does Gen3D's technology benefit Altair?

Gen3D's implicit geometry technology simplifies the design process for complex components, reducing the risk of manufacturing issues.

What industries will benefit from this acquisition?

Industries such as aerospace, automotive, manufacturing, medical, and energy will benefit from the advanced design capabilities post-acquisition.

What impact will this acquisition have on Altair's stock (ALTR)?

The acquisition may enhance Altair's product offerings and market position, potentially leading to increased investor confidence and stock performance.