Altair Named Ducati Corse Technical Partner for Legendary Official Team in MotoGP

Rhea-AI Summary

Altair (Nasdaq: ALTR) announced a multi-year technical partnership with Ducati Corse, enhancing the use of Altair's CAE software in Ducati's racing development. This partnership aims to give Ducati a competitive edge in MotoGP, where engineering precision is critical. The agreement focuses on key areas like aerodynamics and vehicle dynamics, allowing Ducati engineers to optimize designs efficiently. Altair's CEO emphasized the synergy between the two companies, aiming for innovation and excellence in motorcycle racing.

Positive

• Expansion of partnership with Ducati Corse to enhance competitive edge in MotoGP.
• Increased utilization of Altair’s CAE software in critical engineering areas.
• Potential for accelerated design optimization in high-performance motorcycle racing.

Negative

• None.

TROY, Mich., July 20, 2020 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in product development, high-performance computing (HPC), and data analytics, today announced a multi-year technical partnership agreement with Ducati Corse, the racing division of the legendary Italian motorcycle manufacturer.

Ducati will expand its use of Altair’s computer-aided engineering (CAE) software for product development, providing Ducati Corse engineers with a vital competitive edge in their 200mph-plus pursuit of racetrack success. Altair will sponsor the team in the MotoGP World Championship, which began in Spain on July 17, 2020.

Ducati Corse is a long-standing user of Altair design and simulation tools, and the new agreement will expand this relationship in critical areas including aerodynamics, fluid dynamics, weight optimization, structural optimization, vehicle dynamics, and advanced powertrain technology. In a sport where the difference between success and failure is often measured in milliseconds, Altair’s software will help Ducati engineers explore, optimize, and implement innovative ideas more quickly and efficiently than ever.

“We are delighted to welcome Altair as a Ducati Corse technical partner for the start of the 2020 MotoGP season. Strengthening the team’s partnership with an industry leader in advanced CAE and simulation will help extend our technology leadership in the fastest, most demanding motorcycle racing environment on the planet,” said Luigi Dall’Igna, Ducati Corse general manager.

“Altair is all about empowering talented and visionary engineers to deliver innovation and excellence. In this respect, the synergy with Ducati Corse is perfect,” said James Scapa, Altair’s chief executive officer and founder. “This new agreement means we can forge an even closer relationship through our software and consultancy to support the Ducati Corse engineering team as it transforms bold concepts into race-winning performances.”

Established in 1999, Ducati Corse is recognized as a pioneer in racing motorcycle design and development. Over the years, many of its race-bred innovations fueled by advanced technology have been incorporated in Ducati’s range of stylish, high performance, and high-quality road bikes.

About Altair (Nasdaq: ALTR)
Altair is a global technology company that provides software and cloud solutions in the areas of product development, high performance computing (HPC) and data analytics. Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future. To learn more, please visit www.altair.com.

About Ducati Motor Holding S.p.A. - A Sole Shareholder Company - A Company subject to the Management and Coordination activities of AUDI AG
Founded in 1926, since 1946 Ducati has been manufacturing sport-inspired motorcycles characterised by high-performance Desmodromic engines, innovative design and cutting-edge technology. With its factory located in Bologna’s Borgo Panigale district, Ducati competes in both the World Superbike and MotoGP World Championships. In Superbike, Ducati has won 17 Manufacturers' titles and 14 Riders' titles. Ducati has been competing in MotoGP since 2003, winning both the Manufacturers' and Riders' titles in 2007.

Media Contacts:
Altair Corporate	Altair Investor Relations
Jennifer Ristic	The Blueshirt Group
+1.216.849.3109	Monica Gould +1 212.871.3927
jristic@altair.com	ir@altair.com
Altair Europe/The Middle East/Africa	DUCATI MOTOR HOLDING S.p.A.
Evelyn Gebhardt	Artur Vilalta
+49 7031 6208 0	+39 346 8442596
gebhardt@altair.de	artur.vilalta@ducati.com

Photos accompanying this announcement are available at: 

https://www.globenewswire.com/NewsRoom/AttachmentNg/bd6f8382-6094-4377-baa5-56369dac72ef

https://www.globenewswire.com/NewsRoom/AttachmentNg/ae50c470-b050-4c9f-a8c0-70bcc0767126

FAQ

What is the significance of Altair's partnership with Ducati Corse?

The partnership aims to enhance Ducati's engineering capabilities using Altair's CAE software, providing a competitive edge in MotoGP racing.

When did the MotoGP Championship season start in relation to the press release?

The MotoGP Championship season started on July 17, 2020, shortly before the announcement of the partnership.

What areas will Ducati focus on with Altair's CAE software?

Ducati will focus on aerodynamics, fluid dynamics, weight optimization, and vehicle dynamics, among other engineering aspects.

How does this partnership impact Altair's business?

This partnership could enhance Altair's reputation in the racing industry, potentially leading to increased software sales and new client opportunities.