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Altair, a global leader in computational intelligence, has signed a memorandum of understanding (MoU) with the U.K.-based University of Nottingham for a digital twin project within the aerospace sector. The digital twin—set to be the first of its kind—will not merely be a technology demonstrator, but a fully-fledged solution the industry can use to rapidly design, validate, and test the electric propulsion systems of new aircraft or advanced air mobility (AAM) vehicles and/or to evaluate the retrofit of existing ones. The agreement will give University of Nottingham researchers unlimited access to the Altair® HyperWorks® design and simulation and Altair® RapidMiner® data analytics and artificial intelligence (AI) platforms. The platforms will empower researchers with technology for AI-powered multiphysics and multi-domain simulation, along with full data analytics and machine learning technology to manage experimental data and close the loop between the digital and physical models. In addition, the agreement also provides the university

Siemens and BAE Systems have announced an agreement that will see the two businesses collaborate on innovation in engineering and manufacturing technologies embracing digital transformation, whilst leveraging digital capabilities throughout program lifecycles. The five-year agreement is designed to explore and develop a strategic blueprint for engineering of the future and factory of the future capabilities across design and manufacturing disciplines within BAE Systems. This builds on and exploits the recent deployment of Siemens’ NX™ software for product engineering and Teamcenter® software for Product Lifecycle Management (PLM), from the Siemens Xcelerator portfolio of industry software. Edge computing solutions and technology validation have also been successfully used across multiple catapult and technology centres. Through the agreement, Siemens Digital Industries and BAE Systems commit to working together regionally and internationally in the fields of Sustainability, Industrial Digitalisation, and Supply Chain Modernisation, to develop a framework to accelerate the commercial application benefits to BAE Systems within

Synopsys, Inc. has announced it will report results for the third quarter fiscal year 2024 on Wednesday, August 21, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook. Financial and other statistical information to be discussed on this conference call will be available on the corporate website at www.investor.synopsys.com immediately before the call. A live webcast will also be available on this site. Participants should access the live webcast at least 10 minutes prior to the start of the call. A webcast replay will be available beginning August 21, 2024, at approximately 5:00 p.m. PT. The replay will be available until Synopsys announces its fourth quarter and fiscal year 2024 results in December 2024. To view the original press release, please click here. Search for Synopsys on CIMdata.com

Cadence Design Systems, Inc. has announced results for the second quarter of 2024. Second Quarter 2024 Financial Results Revenue of $1.061 billion, compared to revenue of $977 million in Q2 2023 GAAP operating margin of 28%, compared to 31% in Q2 2023 Non-GAAP operating margin of 40%, compared to 42% in Q2 2023 GAAP diluted net income per share of $0.84, compared to $0.81 in Q2 2023 Non-GAAP diluted net income per share of $1.28, compared to $1.22 in Q2 2023 Quarter-end backlog was $6.0 billion and current remaining performance obligations ("cRPO"), contract revenue expected to be recognized as revenue in the next 12 months, was $3.1 billion. “Cadence delivered strong results for the second quarter of 2024, with robust demand for our cutting-edge technologies from AI, hyperscale, and automotive customers,” said Anirudh Devgan, president and chief executive officer. “I'm pleased with the strong momentum of our Cadence.AI portfolio and our next generation Z3 / X3 hardware systems,

Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has expanded its partnership with Rolls-Royce, a British multinational specializing in civil aerospace, defence aerospace, services and power systems, to advance its sustainable initiatives. This collaboration involves research into hydrogen fuel system technology, continuing to prove hydrogen could be a zero-carbon aviation fuel of the future. TCS, leveraging its expertise as a trusted service provider, will provide engineering skills and support to Rolls-Royce as it addresses three key challenges in the journey to enabling hydrogen for use in aviation: fuel combustion, fuel delivery, and fuel systems integration with an engine. All elements must be confirmed to operate safely. This partnership underscores TCS's commitment to driving sustainable transformation across industries, aligning with its broader mission to harness technology for positive societal impact. The International Air Transport Association (IATA) has set ambitious targets for net zero carbon

Atos, the Official Information Technology Partner of UEFA National Team Football, successfully supported UEFA to deliver key IT services and applications support for the UEFA EURO 2024 from June 14 to July 14, 2024 in Germany. Atos facilitated hundreds of millions of fans worldwide to share the electrifying experience of one of the most iconic football tournaments. Atos supported UEFA in core IT solutions as event management system including accreditation, access control solution and competitions solutions, all requiring the highest level of reliability, efficiency and security. Atos helped UEFA with some of the most innovative features launched at the UEFA EURO 2024™, like the Football Service Platform, providing data and statistics such as results, line-ups, live match events, players status and ranking to all UEFA stakeholders. They also contributed to the mobile App and the website to enhance fan engagement, including UEFA’s Gaming app initiative. The Atos team consisted of IT Venue Managers,

The S&A market grew by 8.7% to $10 billion in 2023 ANN ARBOR, Michigan, USA 23 July 2024—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of the CIMdata Simulation and Analysis (S&A) Market Analysis Report. This report expands on the S&A market analysis conducted as part of the CIMdata 2024 PLM Market Analysis Report Series. The well-known PLM MAR Series provides detailed information and an in-depth analysis of the worldwide PLM market during the calendar year 2023. It contains analyses of major trends and issues, revenues of leading PLM providers, and revenue analyses for geographical regions, industry sectors, and historical and projected data on market growth. The 2024 S&A MAR is a 95-page report containing over 50 tables and charts of data detailing the worldwide S&A market along several dimensions. It also includes an update on CIMdata’s S&A segmentation, a discussion of trends in

Ann Arbor, Michigan, USA, 23 July 2024—The Aerospace & Defense PLM Action Group (AD PAG) announces the publication of release 3 of the PLM Global Collaboration position paper. The purpose of the PLM Global Collaboration position paper is to document the Aerospace and Defense PLM Action Group’s (AD PAG’s) collective vision for a common mechanism to support Original Equipment Manufacturer (OEM)/supply chain product development collaboration. The group’s goal is to simplify PLM global collaboration. The newly released Edition 3 (Release 3.0) of the PLM Global Collaboration position paper builds on previous editions and lists the requirements for establishing the proposed To-Be collaboration environment. Edition 1 (Release 1.0) detailed the existing As-Is mechanisms for collaboration and the resulting negative business impacts. That information was incorporated into Edition 2/2.1 (Release 2.0/2.1), which was expanded to describe the mutually agreed upon future To-Be (i.e., Desired State) mechanism for collaboration. In addition to publishing this position

OpenBOM, a leading provider of cloud-based PDM and PLM software, helps manufacturing companies manage their digital product information, organizing bills of materials and parts, inventories, and managing the digital thread of information across the value chain connecting OEMs, contractors, and suppliers, today announced the expansion of OpenBOM services to support xBOM and extended digital thread support. OpenBOM introduces xBOM, enabling users to manage different types of Bills of Materials (BOM) for various lifecycle stages and departmental needs, including Engineering BOM (EBOM), Manufacturing BOM (MBOM), and Support BOM (SBOM). xBOM provides a comprehensive, adaptable view of product structures, enhancing collaboration and streamlining processes across the product lifecycle. This service democratizes advanced BOM management features, making them accessible to companies of all sizes, and ensures seamless transitions from engineering to manufacturing and support. This innovation provides access to advanced BOM management features traditionally available only through enterprise PLM platforms. OpenBOM’s xBOM service simplifies and

Centric Software®, the Product Lifecycle Management (PLM) market leader, proudly announces its partnership with Carrefour, one of the world’s leading food retailers. Centric Software provides the most innovative enterprise solutions to plan, formulate, develop, procure, manufacture and sell consumer goods products in food & beverage, grocery, multi-category retail to achieve strategic and operational digital transformation goals. As part of its mission to make their products both affordable and accessible to everyone, and to support their 2026 strategic objectives, Carrefour is focusing its efforts on building a cutting-edge digital retail company. The project will be targeting G6 countries in Europe: France, Spain, Italy, Benelux, Romania and Poland. To create this new digital retail company, strengthen its purchasing strategy and streamline processes, Carrefour underwent an in-depth search for a PLM solution. After examining numerous solutions, Carrefour selected Centric PLM™ as the foundation to support its ambitious 2026 strategic goals. Centric’s proven broad functional coverage for