CIMdata Blog

SoftInWay Inc., a leading provider of turbomachinery design and thermal fluid system modeling solutions, is excited to introduce its groundbreaking Power Tokens Licensing Program for the AxSTREAM Platform. This innovative licensing model, the first of its kind in the turbomachinery design industry, gives engineers unparalleled flexibility to access and utilize AxSTREAM’s comprehensive suite of over 70 modules. With traditional software licenses, companies often commit to fixed terms and specific products, which frequently leads to underutilization. Reports from leading IT consultancies and asset management firms estimate that nearly 40% of software spending is wasted due to rigid licensing models. SoftInWay’s Power Tokens Program addresses this issue by allowing organizations to rent a pool of tokens, which can be dynamically allocated across various AxSTREAM modules based on project needs. Engineers simply assign tokens to specific modules as needed and then return them to the pool once their task is complete, making tokens available for

Stratasys announced enhancements to its GrabCAD Print™ and GrabCAD Print Pro™ software, introducing emissions estimations to aid in sustainability efforts. In addition, GrabCAD Print is now available for use on the Neo® stereolithography (SLA) platform, allowing customers to use the same GrabCAD Print build preparation software for all 3D printers offered by Stratasys. With the expansion of GrabCAD Print to include the Neo platform, the software now supports all five of Stratasys’ core technologies. This gives users an integrated software experience for streamlined workflows to support their additive manufacturing capabilities. GrabCAD Print Pro for Neo offers users a streamlined, user-friendly SLA build preparation and centralized 3D printer management software package. GrabCAD Print integrates seamlessly with Neo’s Titanium™ software for advanced file management, intuitive support generation, and precise print control. Neo 3D printers are now included in the GrabCAD Print ecosystem, allowing Neo users essential print preparation capabilities free of charge. This new

Trimble® announced enhancements to Trimble App Xchange and launched Trimble Marketplace to expand connections between applications and data across construction workflows. With App Xchange, software developers can build integrations that can be sold as ready-to-use options for customers. These integrations can be found on Trimble Marketplace, which now boasts more than 100 integrations between Trimble products and third-party solutions. The announcement was made at the annual Trimble Dimensions User Conference. Trimble-Marketplace "App Xchange and Trimble Marketplace are key parts of our commitment to facilitating open, interoperable systems and an automated flow of data between solutions from Trimble and other software vendors," said Chris Peppler, vice president of platform and product for Trimble. "We've made it easier for contractors and other software developers to access and use these solutions because data sharing and workflow integration are increasingly vital to operational efficiency, productivity and safety." App Xchange can now be used directly by construction contractors to build integrations between Trimble and other

Trimble® is unveiling a free version of Trimble ProjectSight®, featuring AI and advanced tools that were previously inaccessible to many in the construction industry. This initiative underscores Trimble's strategy to empower contractors of all sizes with connected data and workflows. ProjectSight provides a centralized, real-time solution for managing and sharing project information, including documents and drawings. Contractors use the application to collaborate within their teams and with other contractors, architects, engineers and project owners to gain efficiency and minimize risk. Trimble is highlighting ProjectSight's new, AI-driven feature to automate tasks, save time and increase accuracy at the annual Trimble Dimensions User Conference. Extending Advanced Collaboration Tools to EveryoneTrimble ProjectSight empowers contractors to connect construction teams by capturing, organizing and sharing critical project data, such as drawings, requests for information (RFIs), submittals and photos. Jon Fingland, vice president and general manager for Trimble construction software solutions, said, "A no-cost version of ProjectSight removes barriers

KORE Group Holdings, Inc. ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that it expects to restate its second quarter 2024 financial statements and, as a result, is rescheduling the release of the Company's financial results for the third quarter of 2024 and live webcast to discuss those results from previously scheduled November 13, 2024 at 5PM ET to November 19, 2024 at the same time. The Company's management, in consultation with the Audit Committee of the Company's Board of Directors and in consultation with BDO USA, P.C., the Company's independent registered public accounting firm, concluded that the Company's previously issued unaudited condensed consolidated financial statements contained within the Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 should no longer be relied upon due to errors in computing a non-cash goodwill impairment charge. The

Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today announced financial results for the third quarter of 2024. Third Quarter 2024 Financial Results Compared to Third Quarter 2023: Revenue of $140.0 million, compared to $162.1 million, reflects ongoing impacts from current macroeconomic environment on customer capital equipment spending. GAAP gross margin of 44.8%, compared to 40.5% and non-GAAP gross margin of 49.6%, compared to 48.3%. GAAP operating loss of $25.5 million, compared to an operating loss of $42.8 million. Non-GAAP operating loss of $0.1 million, compared to non-GAAP operating income of $4.1 million. GAAP net loss of $26.6 million, or $0.37 per diluted share, compared to a net loss of $47.3 million, or $0.68 per diluted share. Non-GAAP net income of $0.4 million, or $0.01 per diluted share, compared to non-GAAP net income of $2.4 million, or $0.04 per diluted share. Adjusted EBITDA of $5.1 million, compared to $9.8 million. Cash used

Logility Supply Chain Solutions, Inc. (Logility), a leader in AI-first supply chain planning software, announced that it will release its second quarter fiscal year 2025 financial results after the U.S. financial markets close on Thursday, November 21, 2024. In conjunction with the release, the company will host a conference call at 5:00 pm ET to discuss its results with the investment community. Logility Second Quarter Fiscal Year 2025 Earnings Call Date: Thursday, November 21, 2024 Time: 5:00 pm ET Webcast: https://events.q4inc.com/attendee/584175710 A live webcast and replay of the call will also be accessible via the investor relations page of Logility’s website at www.logility.com/company/investor-relations/financial-news. To view the original press release, please click here. Search for Logility on CIMdata.com

Altair, a global leader in computational intelligence, has signed a collaboration agreement with aerospace startup Moya Aero as part of Altair's Aerospace Startup Acceleration Program (ASAP). Within the agreement, Moya Aero will leverage an array of solutions in the Altair® HyperWorks® design and simulation platform and the organizations will collaborate in the development of eVTOL and unmanned aerial vehicles. “The ASAP program aims to boost the development of startups in the aerospace and defense sector and gives enterprises access to our powerful technology solutions and specialized technical support and expertise,” said Pietro Cervellera, senior vice president of aerospace and defense, Altair. “Our goal is to expand Altair’s presence in Brazil and empower startups with industry-leading technology.” “Moya Aero is focused on providing an autonomous aircraft for sustainable and efficient cargo transportation,” said Alexandre Zaramela, chief executive officer and chief technical officer, Moya Aero. “Our goal is to be the market leader in high-capacity unmanned aerial vehicles and boost this type of delivery

Altair, a global leader in computational intelligence, has entered into collaboration agreement with the European Space Agency (ESA) through the ESA Partnership Initiative for Commercialisation (EPIC). Through a letter of intent, Altair’s aerospace technology within the Altair® HyperWorks® and Altair® RapidMiner® platforms will be made available to all startups, companies, research centers, and universities throughout Europe who are collaborating with ESA or developing technologies with ESA support.  “ESA is a reference point for anyone working in the space sector in Europe and across the world, constantly working with its local agencies to foster innovation throughout its programs. For Altair, partnering with ESA represents the coming together of two pioneers in the aerospace industry,” said Pietro Cervellera, senior vice president of aerospace and defense, Altair. “We are delighted to work together with the ESA to offer access to our simulation, AI, and data analytics solutions. Our tools help accelerate and de-risk the exploration of disruptive ideas and further our mission of creating

Archistar.ai, a global leader in AI-driven urban planning and property technology solutions, is thrilled to announce its partnership with the City of Surrey. This three-year contract marks the full deployment of Archistar’s eCheck technology to revolutionize zoning bylaw compliance processes in Surrey’s residential development sector. The eCheck platform, powered by advanced AI, allows developers and city planners to automate and streamline the evaluation of building permits. By conducting pre-application compliance checks against Surrey’s zoning bylaws, eCheck significantly accelerates approval times, improves application quality, and supports the City’s commitment to meeting its growing housing demands. “We’re addressing Surrey’s growing housing needs with innovative solutions to ensure our community is supported as it grows,” said Mayor Brenda Locke. “The goal of this tool is to help speed up the permitting process and help accelerate housing development. We’re committed to being a leader in urban planning and development, and this new tool will help us