The recent multi-year software agreement signed between General Motors (NYSE:GM) and Altair (ALTR) is targeted helping Altair become the exclusive distributor for the Flow Simulator software of GE. It is an elaborate engine system modeling software said to deliver the functionality of a number of tools for fluid systems and the target is enablement of the multi-disciplinary analyses.
In its latest statement, Altair made it known that it would be taking advantage of its broad industry domain knowledge, global footprint and expertise in commercial software deployment to expand the adoption of the topline technology.
The General Manager of Engineering for GE Aviation, Gary Mercer opined, “We are very excited to work with Altair Engineering to commercialize our Flow Simulator software, a GE state-of-the-art engine system modeling tool. This software helped guide GE to design world record efficient gas turbines and the more advanced aircraft engines in the industry.”
The Chief Technical Officer at Altair, Dr. Uwe Schramm, while moving out of a business conference that was held recently came across a number of news reporters who asked him to make comments regarding the latest developments.
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He said that just like the rest of the organizations they were looking forward to work with those strategies that would see them cut down on development, manufacturing and operational costs. Flow Simulator’s mixed fidelity simulation capabilities for engine systems asides from helping slash costs also played a huge role towards the improvement of the design process.
It will be in Oslo Norway that the ASME Turbo Expo will be conducted and experts from both GE and Altair have made it known that they will be carrying out their Flow Simulator software demonstrations in the same function.
A lot of positive change is being witnessed recently and a number of analysts in their joint statement outlined that most of the business were doing their level best to survive in the rather competitive market.
Business dynamics are shifting pretty fast and it is worth mentioning that the technological advancements sweeping across the globe pretty fast with each business trying to leverage on them to scale up the ranks.