Oracle Red Bull Racing, Ansys Go the Distance with Renewed Partnership

Rhea-AI Summary

Oracle Red Bull Racing renews partnership with Ansys to enhance car performance in the 2024 F1 season. Ansys simulation tools contributed to Max Verstappen's record-breaking laps led in 2023, securing the Drivers' and Constructors' Championships. The partnership aims to tackle new challenges like reduced testing hours and longer race seasons.

Insights

Market Research Analyst

The strategic partnership between Oracle Red Bull Racing and Ansys is a significant development within the competitive landscape of Formula 1 racing, which has direct implications on the business operations of both entities. The collaboration leverages advanced simulation technologies to enhance car performance, an area that is critical for maintaining a competitive edge in the sport. Given the high-profile nature of Formula 1, successful outcomes from this partnership can translate into increased brand visibility and potential commercial opportunities for Ansys, as its technologies are showcased on a global stage.

Furthermore, the renewal of this partnership under the constraints of reduced simulation windows and spending caps highlights the efficiency and efficacy of Ansys's software solutions. The ability of Ansys tools to deliver results within these limitations may serve as a strong selling point for the company when marketing its products to other industries facing similar regulatory or budgetary constraints. This could lead to an expanded customer base and increased revenue streams for Ansys, potentially impacting its stock market performance positively.

Financial Analyst

The announcement of the extended partnership between Oracle Red Bull Racing and Ansys is likely to have a positive impact on Ansys's financial performance. The use of Ansys simulation tools in achieving remarkable feats in Formula 1, such as Max Verstappen's record-breaking season, serves as a powerful endorsement of the technology. This could enhance investor confidence in Ansys's growth prospects and technological capabilities, potentially leading to an uptick in its stock price.

Investors should also consider the implications of Ansys's role in helping Oracle Red Bull Racing navigate the new F1 design guidelines and the team's ability to maintain technical leadership despite reduced testing hours. This showcases Ansys's adaptability and innovation, which are key factors in driving long-term growth and stability for the company. As the partnership continues to yield successful outcomes, Ansys could see an increase in demand for its simulation products from other sectors, further diversifying its revenue sources and strengthening its financial position.

Automotive Industry Analyst

The extended partnership between Oracle Red Bull Racing and Ansys underscores the critical role of simulation technology in the automotive racing industry. As teams face stricter spending caps and testing time limits, the ability to accurately predict car performance through simulation becomes increasingly valuable. This partnership exemplifies industry trends where cutting-edge technology is paramount to gaining a competitive advantage.

Oracle Red Bull Racing's reliance on Ansys Fluent™ for optimizing aerodynamics and Ansys Granta MI™ for materials management signifies a shift towards data-driven decision-making in car development. The use of Ansys LS-DYNA™ for impact testing further emphasizes the importance of safety alongside performance. These tools and their applications provide a blueprint for how other teams and companies within the automotive sector could approach innovation and efficiency. The success of these technologies in the demanding environment of Formula 1 racing may prompt increased adoption in other areas of automotive design and manufacturing, potentially influencing broader industry practices and standards.

Ansys simulation and data management tools will drive Oracle Red Bull Racing's development of faster, more reliable cars

/ Key Highlights

• Ansys simulation enhanced car reliability and performance, powering Max Verstappen's record-breaking 1000 laps led last season — shattering the previous record by more than 250
• The three-year partnership renewal will help Oracle Red Bull Racing navigate reduced simulation windows for the 2024 season

PITTSBURGH, Feb. 29, 2024 /PRNewswire/ -- Oracle Red Bull Racing renewed its partnership with Ansys (NASDAQ: ANSS) for three years to remain the most competitive Formula 1 (F1) team in the world. Oracle Red Bull Racing will continue harnessing the power of Ansys technology to improve aerodynamics, manage material data, and ensure structural safety of its cars in the 2024 season and beyond.

Ansys simulation solutions helped Oracle Red Bull Racing driver Max Verstappen make history in 2023, winning 21 out of 23 races and leading 1003 laps. He secured the Drivers' and Constructors' Championships with a massive 413-point margin, leading Oracle Red Bull Racing's team to the most dominant season yet.

Oracle Red Bull Racing faced new challenges as it prepared for the 2024 season due to spending caps and wind tunnel testing time limits. Because they topped the championship last year, the team was allotted 4200 hours of testing — 300 hours less than the second-place team — for car upgrades throughout the season or to develop next year's car. To maximize testing, Oracle Red Bull Racing relies on the predictive accuracy and speed of Ansys Fluent™ to achieve the optimal downforce and car aerodynamics, which are key considerations for difficult cornering on circuits like Monaco, where it triumphed in 2022 and 2023.

The endurance of Oracle Red Bull Racing will also be tested in 2024, which is set to be the longest season in Formula 1 history. The additional races demand a more reliable car. To achieve this, the team uses Ansys Granta MI™ to manage material data and study how different materials performed in previous seasons to enhance the car's shape and design. They also use Ansys LS-DYNA™ to conduct impact testing and assess the car's safety.

"Ansys simulation software helped Oracle Red Bull Racing quickly adapt to the new F1 design guidelines last year and positioned us to maintain our technical leadership in a dramatically altered engineering landscape," said Craig Skinner, chief designer, at Oracle Red Bull Racing. "To stay ahead of the curve, we need tools that adapt to changing regulations. Ansys is flexible and keeps pace with industry needs, and we are looking forward to continuing our partnership and utilizing enhanced offerings like Ansys Granta MI AI+™, which will boost our material insights and help us develop the fastest and most reliable cars possible."

The 2024 season begins on February 29^th at the Bahrain Grand Prix and will feature Oracle Red Bull Racing's newest car, RB20.

"Ansys and Oracle Red Bull Racing demonstrate year after year that a combined commitment to engineering excellence translates to the racetrack," said Shane Emswiler, senior vice president of products at Ansys. "Developing the RB20 in such a short time frame is a testament to the high fidelity and speed of Ansys simulation solutions. We look forward to seeing the car in action for another fantastic season."

/ 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

 

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SOURCE Ansys

FAQ

How did Ansys contribute to Oracle Red Bull Racing's success in the 2023 season?

Ansys simulation tools helped Max Verstappen win 21 out of 23 races and lead 1003 laps in the 2023 season, securing both the Drivers' and Constructors' Championships.

What challenges did Oracle Red Bull Racing face in preparation for the 2024 season?

Oracle Red Bull Racing faced challenges like reduced testing hours and wind tunnel testing time limits due to spending caps for the 2024 season.

What Ansys tools does Oracle Red Bull Racing use for car development and safety?

Oracle Red Bull Racing uses Ansys Fluent™ for optimal downforce and aerodynamics, Ansys Granta MI™ for material data management, and Ansys LS-DYNA™ for impact testing and safety assessment.

When does the 2024 F1 season begin, and what car will Oracle Red Bull Racing feature?

The 2024 F1 season starts on February 29th at the Bahrain Grand Prix, where Oracle Red Bull Racing will showcase their newest car, RB20.

How does Ansys plan to enhance its partnership with Oracle Red Bull Racing for future seasons?

Ansys aims to provide enhanced offerings like Ansys Granta MI AI+™ to boost material insights and help develop faster and more reliable cars for Oracle Red Bull Racing in the future.