Altair Joins Aston Martin and Sarginsons in £5.8 Million Performance Integrated Vehicle Optimization Technology (PIVOT) Project to Revolutionize Sustainable Vehicle Manufacturing

Rhea-AI Summary

Altair (Nasdaq: ALTR) has joined the £5.8 million Performance Integrated Vehicle Optimization Technology (PIVOT) project, supported by Innovate UK and the Advanced Propulsion Centre. The initiative aims to revolutionize sustainable vehicle manufacturing through the development of 100% recycled cast aluminum structures that are up to 30% lighter and feature 95% less embedded carbon emissions.

The project, led by Sarginsons Industries, brings together partners including Altair, Aston Martin, Brunel University London, and GESCRAP. Altair's AI-powered engineering technology will drive the creation of innovative software combining casting simulation, topology optimization, and AI to design optimized components for weight, structural performance, and manufacturability.

Funded partly by a £2.9 million government grant, PIVOT will showcase how AI, recycled materials, and advanced casting processes can reshape vehicle manufacturing while reducing environmental impact. The project is expected to deliver critical advancements in the coming years, enabling OEMs and foundries to adopt more efficient and sustainable production methods.

Positive

• Participation in a £5.8 million project to develop sustainable vehicle manufacturing technology
• Potential to reduce vehicle component weight by up to 30%
• Possibility to decrease embedded carbon emissions in components by up to 95%
• Development of innovative software combining casting simulation, topology optimization, and AI
• Collaboration with major industry partners like Aston Martin

Negative

• None.

News Market Reaction

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+0.52% News Effect

On the day this news was published, ALTR gained 0.52%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Altair's AI-powered engineering technology to drive the development of 100% recycled cast aluminum structures that weigh up to 30% less and feature 95% less embedded carbon emissions

TROY, Mich., Sept. 25, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has announced its involvement in the £5.8 million Performance Integrated Vehicle Optimization Technology (PIVOT) project, supported by Innovate UK and the Advanced Propulsion Centre (APC). The project aims to revolutionize vehicle manufacturing by creating lighter, more sustainable components, thanks to Altair's cutting-edge artificial intelligence (AI) and simulation capabilities.

Led by Sarginsons Industries, the PIVOT project brings together key partners including Altair, Aston Martin, Brunel University London, and metal recycling experts GESCRAP. The initiative will develop innovative software that combines casting simulation, topology optimization, and AI, which will enable organizations to design components optimized for weight, structural performance, and manufacturability. These breakthroughs will result in cast aluminum structures that are up to 30% lighter while maintaining performance requirements.

"This collaboration demonstrates how our AI-powered engineering technology enables manufacturers to develop more efficient vehicle components, cutting down on weight and drastically reducing environmental impact," said Sam Mahalingam, chief technical officer, Altair. "We are proud to work with like-minded organizations to showcase how innovations in manufacturing contribute to a more sustainable automotive future."

Funded in part by a £2.9 million government grant from Innovate UK and APC, the PIVOT project will focus on using 100% recycled aluminum to reduce embedded carbon emissions in vehicle components by up to 95%. By overcoming mechanical weaknesses inherent in recycled aluminum through advanced grain refinement techniques developed by Brunel University London, PIVOT will make it possible to use secondary alloys for cast structural applications such as vehicle chassis systems.

"PIVOT represents a huge step forward for the casting industry," said Mark Nunan, managing director, Sarginsons Industries. "With Altair's state-of-the-art technology, we are pushing the boundaries of what's possible, creating components that are not only lighter and stronger but also significantly greener."

The PIVOT project will serve as a showcase for how AI, recycled materials, and advanced casting processes can reshape vehicle manufacturing while reducing environmental footprint. The project is expected to deliver critical advancements in the coming years, enabling OEMs and foundries to adopt more efficient and sustainable production methods.

For more information about Innovate UK and the APC's initiatives, visit https://www.apcuk.co.uk/news-events/news/new-59-million-investment-for-uk-green-vehicle-production/.

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
Louise Wilce
+44 (0)7392 437 635
emea-newsroom@altair.com

 

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SOURCE Altair

FAQ

What is the goal of the PIVOT project that Altair (ALTR) is participating in?

The PIVOT project aims to revolutionize sustainable vehicle manufacturing by developing 100% recycled cast aluminum structures that are up to 30% lighter and feature 95% less embedded carbon emissions.

How much funding has been allocated to the PIVOT project involving Altair (ALTR)?

The PIVOT project has a total budget of £5.8 million, including a £2.9 million government grant from Innovate UK and the Advanced Propulsion Centre.

What technology will Altair (ALTR) contribute to the PIVOT project?

Altair will contribute its AI-powered engineering technology to develop innovative software that combines casting simulation, topology optimization, and AI for designing optimized vehicle components.

Who are the key partners collaborating with Altair (ALTR) in the PIVOT project?

The key partners collaborating with Altair in the PIVOT project include Sarginsons Industries (project lead), Aston Martin, Brunel University London, and metal recycling experts GESCRAP.