Altair signs cooperation agreement with the European Space Agency

Altair (Nasdaq: ALTR), a global leader in computational intelligence, has entered into a collaboration agreement with European Space Agency(ESA) through ESA Partnership Initiative for Commercialisation (EPIC). Through a declaration of intent, Altair will aerospace and defense industry within the platforms Altair® HyperWorks®duck Altair® RapidMiner® to be made available to all startups, companies, research centers and universities across Europe that collaborate with ESA or develop technologies with ESA support.

“ESA is a reference point for all those working in the space sector in Europe and worldwide, and constantly works with its local bodies to promote innovation through its programmes. For Altair, the collaboration with ESA means the coming together of two pioneers in the aerospace industry,” says Pietro Cervellera, Senior Vice President of Aerospace and Defense at Altair. “We are pleased to work with ESA to offer access to our simulation solutions, AI and data analysis“Our tools help accelerate and reduce risk in the exploration of breakthrough ideas and advance our mission to create a safer, more connected, and more sustainable aviation industry.”

Within EPIC, Altair's AI-powered engineering technology to enable ESA-backed startups to develop and test their products faster, giving them the opportunity to create minimum viable products (MVPs) faster – a key step towards obtaining funding and reaching commercialisation. Crucially, the initiative gives startups in the aerospace industry access to the same Altair technology for simulation, data analysis and AI used by the world's leading aerospace organizations – along with Altair's world-class consulting services and technical mentoring.

“With nearly 40 years of domain expertise in the industry, Altair’s broad technology portfolio plays a leading role in countless space organizations worldwide,” said Joana Kamenova, EPIC lead, ESA. “We look forward to helping expand the reach of Altair’s technology so that organizations across Europe can benefit from the best tools needed to usher in the next generation of space innovation.”

By joining the EPIC initiative, we are consolidating Altair further cementing its status as a leader in the aerospace industry and strengthening its commitment to innovation across the industry. With its diverse, scalable and unified technology portfolio and consulting expertise, Altair helps aerospace organizations of all sizes navigate the changing digital landscape, build solutions quickly and scale them across the organization.

Established in 2022, EPIC connects companies, academic and institutional partners with ESA-supported startups. The aim is to foster entrepreneurship and improve the commercialization path for European startups by streamlining access to leading technologies. EPIC reaches out to the world's largest space innovation network, ESA Business Incubation Centres (ESA BICs), ESA Technology Brokers, ESA Φ-labNET, ESA Φ-lab (ESRIN) and the commercialization program InCubed Earth Observation, 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 offering in the aerospace industry, visit https://altair.com/aerospaceFor more information about ESA and its EPIC program, visit https://commercialisation.esa.int/esa-partnership-initiative-for-commercialisation-epic/.