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Altair Signs Collaboration Agreement with the European Space Agency

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Altair (ALTR) has signed a collaboration agreement with the European Space Agency (ESA) through the ESA Partnership Initiative for Commercialisation (EPIC). The partnership will make Altair's aerospace technology, including HyperWorks and RapidMiner platforms, available to European startups, companies, research centers, and universities collaborating with ESA. Through EPIC, ESA-supported startups will gain access to Altair's AI-powered engineering technology, simulation, data analytics, and technical mentorship to accelerate product development and testing. This initiative connects corporate, academic, and institutional partners with ESA-supported startups to enhance the commercialization pathway of European space innovation.

Altair (ALTR) ha firmato un accordo di collaborazione con l'Agenzia Spaziale Europea (ESA) attraverso l'Iniziativa di Partnership per la Commercializzazione (EPIC) dell'ESA. La partnership renderà disponibile la tecnologia aerospaziale di Altair, comprese le piattaforme HyperWorks e RapidMiner, alle startup europee, alle aziende, ai centri di ricerca e alle università che collaborano con l'ESA. Grazie a EPIC, le startup supportate dall'ESA avranno accesso alla tecnologia ingegneristica potenziata dall'IA di Altair, compresi simulazioni, analisi dei dati e mentorship tecnica, per accelerare lo sviluppo e il collaudo dei prodotti. Questa iniziativa connette partner aziendali, accademici e istituzionali con le startup supportate dall'ESA per migliorare il percorso di commercializzazione dell'innovazione spaziale europea.

Altair (ALTR) ha firmado un acuerdo de colaboración con la Agencia Espacial Europea (ESA) a través de la Iniciativa de Asociación para la Comercialización (EPIC) de la ESA. La asociación hará que la tecnología aeroespacial de Altair, incluidas las plataformas HyperWorks y RapidMiner, esté disponible para startups, empresas, centros de investigación y universidades europeas que colaboren con la ESA. A través de EPIC, las startups apoyadas por la ESA obtendrán acceso a la tecnología de ingeniería impulsada por IA de Altair, incluidas simulaciones, análisis de datos y mentoría técnica, para acelerar el desarrollo y las pruebas de productos. Esta iniciativa conecta socios corporativos, académicos e institucionales con startups apoyadas por la ESA para mejorar el camino de comercialización de la innovación espacial en Europa.

알테어 (ALTR)유럽 우주국 (ESA)와 상업화 파트너십 이니셔티브 (EPIC)를 통해 협력 협약을 체결하였습니다. 이 파트너십은 HyperWorks 및 RapidMiner 플랫폼을 포함한 알테어의 항공우주 기술을 ESA와 협력하는 유럽의 스타트업, 기업, 연구 센터 및 대학에 제공할 것입니다. EPIC을 통해 ESA 지원 스타트업은 알테어의 AI 기반 엔지니어링 기술, 시뮬레이션, 데이터 분석 및 기술 멘토링에 접근하여 제품 개발 및 테스트를 가속화할 수 있습니다. 이 이니셔티브는 ESA 지원 스타트업과 기업, 학술, 기관의 파트너를 연결하여 유럽의 우주 혁신 상업화 경로를 강화합니다.

Altair (ALTR) a signé un accord de collaboration avec l'Agence Spatiale Européenne (ESA) à travers l'Initiative de Partenariat pour la Commercialisation (EPIC) de l'ESA. Le partenariat mettra à disposition la technologie aérospatiale d'Altair, y compris les plateformes HyperWorks et RapidMiner, pour les startups, entreprises, centres de recherche et universités européennes collaborant avec l'ESA. Grâce à EPIC, les startups soutenues par l'ESA auront accès à la technologie d'ingénierie alimentée par l'IA d'Altair, y compris la simulation, l'analyse de données et le mentorat technique, pour accélérer le développement et les tests de produits. Cette initiative connecte des partenaires d'entreprise, académiques et institutionnels avec des startups soutenues par l'ESA afin d'améliorer le parcours de commercialisation de l'innovation spatiale européenne.

Altair (ALTR) hat eine Zusammenarbeit mit der Europäischen Weltraumorganisation (ESA) im Rahmen der Initiative für Commercialisation Partnership (EPIC) der ESA unterzeichnet. Die Partnerschaft wird Altairs Luft- und Raumfahrttechnologie, einschließlich der HyperWorks- und RapidMiner-Plattformen, europäischen Startups, Unternehmen, Forschungszentren und Universitäten, die mit der ESA zusammenarbeiten, zur Verfügung stellen. Über EPIC erhalten die von der ESA unterstützten Startups Zugang zu Altairs KI-gestützter Ingenieurtechnologie, Simulation, Datenanalyse und technischer Mentoring, um die Produktentwicklung und -testung zu beschleunigen. Diese Initiative verbindet Unternehmens-, akademische und institutionelle Partner mit von der ESA unterstützten Startups, um den Kommerzialisierungsweg europäischer Weltrauminnovation zu verbessern.

Positive
  • Strategic partnership with ESA expands Altair's market reach in Europe
  • Access to ESA's extensive space innovation network enhances market positioning
  • Potential revenue growth through new customer acquisition in the aerospace sector
Negative
  • None.

Insights

The collaboration agreement between Altair and ESA represents a strategic expansion into the European space tech ecosystem. This partnership positions Altair to capture a significant share of Europe's growing space technology market by providing their software to ESA-supported startups and organizations. The deal's value extends beyond immediate revenue potential - it establishes Altair as a key enabler in Europe's space innovation landscape.

The integration of Altair's HyperWorks and RapidMiner platforms into ESA's EPIC initiative creates a competitive advantage by fostering early relationships with emerging space tech companies. This "ground floor" positioning could lead to long-term customer relationships as these startups mature. The partnership also enhances Altair's credibility in the aerospace sector, potentially driving adoption of their solutions across other markets.

The technical implications of this partnership are substantial for both parties. Altair's AI-powered engineering technology, particularly in simulation and data analytics, addresses critical needs in space tech development. The combination of HyperWorks for simulation and RapidMiner for AI/analytics creates a comprehensive toolkit that can significantly reduce development cycles and costs for space technology startups.

The ability to rapidly create and test MVPs using enterprise-grade tools is particularly valuable in the capital-intensive space sector. This accelerated development capability could lead to increased success rates for ESA-supported ventures and drive further adoption of Altair's technology stack across the European aerospace industry.

Altair software available to organizations through ESA Partnership Initiative for Commercialisation (EPIC)

TROY, Mich., Nov. 12, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has entered into collaboration agreement with the European Space Agency (ESA) through the ESA Partnership Initiative for Commercialisation (EPIC). Through a letter of intent, Altair's aerospace technology within the Altair® HyperWorks® and Altair® RapidMiner® platforms will be made available to all startups, companies, research centers, and universities throughout Europe who are collaborating with ESA or developing technologies with ESA support.

"ESA is a reference point for anyone working in the space sector in Europe and across the world, constantly working with its local agencies to foster innovation throughout its programs. For Altair, partnering with ESA represents the coming together of two pioneers in the aerospace industry," said Pietro Cervellera, senior vice president of aerospace and defense, Altair. "We are delighted to work together with the ESA to offer access to our simulation, AI, and data analytics solutions. Our tools help accelerate and de-risk the exploration of disruptive ideas and further our mission of creating a safer, more connected, and more sustainable aerospace industry."

Within EPIC, Altair's AI-powered engineering technology will enable ESA-supported startups to develop and test their products faster, giving them an opportunity to more quickly create minimum viable products (MVP) – a key step in obtaining funding and reaching commercialization. Crucially, the initiative gives aerospace startups access to the same Altair simulation, data analytics, and AI technology used by the world's leading aerospace organizations – along with Altair's best-in-class consulting and technical mentorship.

"With nearly 40 years of domain expertise in the industry, Altair's broad technology portfolio plays a leading role in countless aerospace organizations worldwide," said Joana Kamenova, EPIC lead, ESA. "We look forward to helping expand the reach of Altair's technology so organizations throughout Europe can leverage the best-in-class tools necessary to usher in the next generation of space innovation."

Joining the EPIC initiative further solidifies Altair's status as a leader in the aerospace industry and reinforces its commitment to industry-wide innovation. With its diverse, scalable, and unified technology portfolio and consulting expertise, Altair helps aerospace organizations of all kinds navigate the evolving digital landscape, build solutions at speed, and scale them across the organization.

Established in 2022, EPIC connects corporate, academic, and institutional partners with ESA-supported startups. It aims to foster entrepreneurship and enhance the commercialization pathway of European startups by streamlining access to leading technology. EPIC reaches into the world's largest space innovation network, including ESA Business Incubation Centres (ESA BICs), ESA Technology Brokers, ESA Φ-labNET, ESA Φ-lab (ESRIN), and the InCubed Earth Observation commercialization program, along with the hundreds of startups these programs support. Overall, EPIC connects EPIC partners and ESA startups to broaden the reach of the innovation ecosystem and further diversify the aerospace industry.

To learn more about Altair's aerospace offerings, visit https://altair.com/aerospace. To learn more about the ESA and its EPIC program, visit https://commercialisation.esa.int/esa-partnership-initiative-for-commercialisation-epic/.

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.

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SOURCE Altair

FAQ

What is the significance of Altair's (ALTR) collaboration with ESA?

The collaboration makes Altair's aerospace technology available to European startups, companies, and institutions working with ESA, enabling faster product development and testing while expanding Altair's presence in the European aerospace sector.

What technology will Altair (ALTR) provide through the ESA partnership?

Altair will provide access to its HyperWorks and RapidMiner platforms, offering simulation, AI, and data analytics solutions, along with consulting and technical mentorship.

How will the EPIC partnership benefit Altair (ALTR) in the aerospace industry?

The partnership strengthens Altair's leadership position in aerospace and provides access to ESA's innovation network, including Business Incubation Centres, Technology Brokers, and Earth Observation programs.

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