Investor Relations

 Nearly 30,000 students and faculty to access simulation, data analytics, and high-performance computing solutions

TROY, Mich., Jan. 24, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), has signed a multiyear campuswide license agreement with TU Delft, the Netherlands' oldest and largest public technical university which is ranked 10^th for engineering and technology in the QS World University Rankings. Under the new license, more than 25,000 students and 6,000 employees in various departments at TU Delft will benefit from an available pool of 1 million Altair Units, which will enable them to access Altair's comprehensive portfolio of simulation, data analytics, AI, and high-performance computing software solutions.

Extending access to Altair's broad toolset under a campuswide license underscores the university's determination to provide state-of-the-art technology to all its students and staff, thereby creating an excellent experience in research environments and beyond. The university's decision to invest in Altair Units – Altair's patented, units-based subscription licensing model – is also an excellent fit for its recent installation of DelftBlue, a new supercomputer that meets the growing need for extensive computing power to solve complex problems in physics, mechanics, and dynamics for students and faculty alike.

"We are thrilled to announce our new agreement with TU Delft, underscoring our joint commitment to top-level research and high-quality education that prepares future engineers, data scientists, and developers for success," said Sam Mahalingam, chief technology officer, Altair. "The flexibility Altair Units provide gives users access to any Altair solution they need, creating excellent conditions for both students and staff at TU Delft to use Altair's comprehensive toolset more extensively. We look forward to seeing TU Delft use Altair's portfolio to achieve outstanding results."

"Altair and TU Delft share a long collaborative history of providing students and staff with the industry's best-in-class technology solutions like Altair HyperWorks and have used it for teaching, student projects, and research in the mechanical and electrical engineering departments. After the installment of DelftBlue, more students and faculty members became interested in simulation," said Frans Broos, Information and Communication Technology (ICT) manager at the Electrical Engineering, Mathematics, and Computer Science (EEMCS) faculty and Delft High Performance Computing Centre (DHPC), TU Delft. "It made sense for us to pursue a campuswide license that would give everyone easy and affordable access to all of Altair's solutions. Additionally, beginning in early 2023, we plan to use Altair software for research and education in our aerospace, material science, and industrial design departments."

For more information about Altair Units, visit https://altair.com/altair-units.

About Altair

Altair is a global leader in computational science and artificial intelligence (AI) 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. For more information, visit https://www.altair.com/.

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SOURCE Altair