Altair signs MoU with ICAT Manesar

ICAT and Altair endeavor to jointly promote, develop and offer training, competency building solutions, technologies and practices to the industry

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US based Altair (NASDAQ:ALTR) has signed an MoU with International Centre for Automotive Technology of India (ICAT), Manesar. ICAT is an organization set up under the aegis of the National Automotive Testing and R&D Infrastructure Project (NATRIP), and the Government of India in the areas of automotive testing, certification and R&D services.

The MoU states co-operation between the two entities for addressing the simulation and testing needs of the existing and emerging mobility industry. Altair envisions application of its simulation technologies for traction motors of electric vehicles (motor drives or controls), Automated Driver Assistance System (ADAS) enabling technology, optimization driven design technology and processes for both E-mobility and the conventional vehicles industry. The MoU intends to set-up a joint working arrangement to realize their respective visions with the help of mutual support and cooperation. ICAT and Altair endeavor to jointly promote, develop and offer training, competency building solutions, technologies and practices to the industry, which allows each of the entities to utilize their capabilities and strengths in a synergetic way to address the combined needs of simulation & testing for the industry.

Speaking on the occasion of signing of the MoU, Dinesh Tyagi, Director of ICAT said, "We are happy to sign an MoU with one of the most reputable, leading experts in the world for simulation and design technologies. Altair has agreed to leverage ICAT as a testing and development agency. Apart from joint promotional events, Altair will also provide assistance to ICAT on projects related to structural design simulation and performance optimization. We are glad to work with Altair and hope for a stronger association in the times to come."

Brett Chouinard, President & COO of Altair, said, "This MoU between Altair and ICAT, brings the best of simulation and testing services expertise which the industry can leverage, be it established OEMS or emerging startups, for faster time to market and higher quality for their products. We at Altair look forward to a strong and healthy association."

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