STOCK TITAN

Ansys, Schaeffler Collaboration Drives Sustainable Product Development

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Ansys extends partnership with Schaeffler to digitalize product development processes, decarbonize solutions, and support digital transformation.
Positive
  • Ansys and Schaeffler extend their agreement for an additional three years.
  • Ansys solutions will help decarbonize product development and shape design strategies for hybrid/electric powertrain solutions and industrial applications.
  • Ansys will support digital transformation within Schaeffler by standardizing workflows, improving product development efficiency, and managing material waste.
  • Ansys will provide multiphysics solutions with enhanced computing capabilities through high-performance computing.
  • Ansys will democratize simulation and improve material intelligence across engineering disciplines for Schaeffler.
Negative
  • None.

Insights

Integrating Ansys simulation solutions into Schaeffler's product development processes is a strategic move towards improving environmental sustainability. By standardizing workflows and reducing reliance on physical prototypes, Schaeffler can significantly lower its material waste and carbon footprint. This approach aligns with global sustainability trends, where companies are increasingly held accountable for their environmental impact. Utilizing high-performance computing to enhance these simulations could lead to more efficient designs, further contributing to resource conservation. The focus on hybrid/electric powertrain solutions is particularly relevant given the automotive industry's shift towards electrification to meet stringent emissions regulations.

The collaboration between Ansys and Schaeffler underscores the importance of digital transformation in manufacturing. By adopting Ansys' multiphysics solutions, Schaeffler is poised to achieve a more integrated and agile product development cycle. This digitalization strategy can lead to improved efficiency, potentially accelerating time-to-market for new products. Democratising simulation across engineering disciplines could foster innovation and lead to a stronger competitive edge in the motion technology sector. It also reflects an industry-wide move towards leveraging advanced technologies to overhaul traditional manufacturing and design processes.

From a financial perspective, the extended partnership between Ansys and Schaeffler may have positive implications for both companies' revenue growth and cost management. By enhancing product development efficiency, Schaeffler could see a reduction in R&D expenses over time, while Ansys stands to benefit from the continued licensing of its software solutions. Investors should note the potential for improved profit margins resulting from decreased material costs and increased operational efficiency. However, the upfront investment in Ansys' solutions and the need for ongoing support and updates should be considered when evaluating the long-term financial impact of this agreement.

Ansys simulation solutions will help digitalize and standardize product development processes across the Schaeffler enterprise

Key Highlights

  • Ansys solutions will help decarbonize product development and shape design strategies for hybrid/electric powertrain solutions and industrial applications
  • Ansys will support digital transformation within the Schaeffler enterprise by standardizing workflows to improve product development efficiency and manage material waste

PITTSBURGH, Feb. 14, 2024 /PRNewswire/ -- Ansys (NASDAQ: ANSS) and the motion technology company Schaeffler AG announced they are extending their agreement for an additional three years. Schaeffler will rely on Ansys to standardize product development workflows, reduce waste from physical prototypes, and lower the company's overall carbon footprint through digital transformation.

Schaeffler manufactures high-precision components and systems for drive train and chassis applications as well as rolling and plain bearing solutions for many industrial applications. Ansys and Ansys Apex Channel Partner CADFEM Germany GmbH will continue to provide customer support for Schaeffler as the company hones its digital engineering practices. The extension of the partnership will now see Ansys multiphysics solutions Ansys Mechanical™, Ansys Fluent™, Ansys Electronics™, and Ansys Motor-CAD™ with enhanced computing capabilities through high-performance computing, applied across all divisions.

As a preferred simulation provider, Ansys will strengthen Schaeffler's digital thread by democratizing simulation and improving material intelligence across engineering disciplines. For example, including data about material composition in the research and development process will result in more innovative and sustainable products.

To do this, Ansys will contribute its industry-leading solutions to Schaeffler's framework for digital transformation, which consists of four pillars: digital workplace, cyber-physical equipment (digital factory), digital product lifecycle, and smart products.

"Schaeffler is pursuing ambitious goals for its products when it comes to the strategic topic of sustainability," said Uwe Wagner, CTO at Schaeffler AG. "We aim to integrate the reduction of CO2 emissions directly into the product development process. Innovative simulation tools play an integral role here. Together with strong partners like Ansys, we will drive the digitalization of our R&D processes and innovations towards series production."

Schaeffler recently used Ansys solutions to optimize the performance of their electrolyzers — a device that extracts hydrogen from water — to advance hydrogen gas as an emission-free, renewable energy resource.

"We are looking forward to continuing to help Schaeffler meet its sustainability goals and democratize simulation software across the business," said Walt Hearn, senior vice president of worldwide sales and customer excellence at Ansys. "Digital transformation can't happen overnight, but through dedication and by leveraging Ansys simulation solutions, Schaeffler has already reduced material waste and emissions while improving efficiency. This is just the beginning of what Ansys and Schaeffler can accomplish together."

Visit Ansys at Hannover Messe in Hannover, Germany from April 22-26 at Booth #D16 in Hall 17 to learn more.

/ About Ansys

Our Mission: Powering Innovation that Drives Human Advancement™

When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.

Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

ANSS–C

/ Contacts

Media

Mary Kate Joyce


724.820.4368


marykate.joyce@ansys.com


Investors

Kelsey DeBriyn


724.820.3927


kelsey.debriyn@ansys.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ansys-schaeffler-collaboration-drives-sustainable-product-development-302061294.html

SOURCE Ansys

FAQ

How long is the extension of the agreement between Ansys and Schaeffler?

The agreement between Ansys and Schaeffler is extended for an additional three years.

What solutions will Ansys provide to Schaeffler?

Ansys will provide multiphysics solutions including Ansys Mechanical™, Ansys Fluent™, Ansys Electronics™, and Ansys Motor-CAD™ with enhanced computing capabilities through high-performance computing.

How will Ansys help Schaeffler in digital transformation?

Ansys will support digital transformation within Schaeffler by standardizing workflows, improving product development efficiency, and managing material waste.

What is the goal of Ansys solutions for Schaeffler?

The goal of Ansys solutions is to decarbonize product development, shape design strategies for hybrid/electric powertrain solutions and industrial applications, and improve material intelligence across engineering disciplines.

Which company is the motion technology partner of Ansys in this agreement?

The motion technology partner of Ansys in this agreement is Schaeffler AG.

Ansys Inc

NASDAQ:ANSS

ANSS Rankings

ANSS Latest News

ANSS Stock Data

29.98B
87.10M
0.41%
96.42%
1.52%
Software - Application
Services-prepackaged Software
Link
United States of America
CANONSBURG