Altair Joins Aston Martin and Sarginsons in £5.8 Million Performance Integrated Vehicle Optimization Technology (PIVOT) Project to Revolutionize Sustainable Vehicle Manufacturing

September 25, 2024 09:00 PM AEST | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Altair's AI-powered engineering technology to drive the development of 100% recycled cast aluminum structures that weigh up to 30% less and feature 95% less embedded carbon emissions

TROY, Mich., Sept. 25, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has announced its involvement in the £5.8 million Performance Integrated Vehicle Optimization Technology (PIVOT) project, supported by Innovate UK and the Advanced Propulsion Centre (APC). The project aims to revolutionize vehicle manufacturing by creating lighter, more sustainable components, thanks to Altair's cutting-edge artificial intelligence (AI) and simulation capabilities.

Altair has joined Aston Martin and Sarginsons in the £5.8 million PIVOT project, using AI-powered engineering to drive the development of 100% recycled cast aluminum structures that weigh up to 30% less and feature 95% less embedded carbon emissions.
Altair has joined Aston Martin and Sarginsons in the £5.8 million PIVOT project, using AI-powered engineering to drive the development of 100% recycled cast aluminum structures that weigh up to 30% less and feature 95% less embedded carbon emissions.

Led by Sarginsons Industries, the PIVOT project brings together key partners including Altair, Aston Martin, Brunel University London, and metal recycling experts GESCRAP. The initiative will develop innovative software that combines casting simulation, topology optimization, and AI, which will enable organizations to design components optimized for weight, structural performance, and manufacturability. These breakthroughs will result in cast aluminum structures that are up to 30% lighter while maintaining performance requirements.

"This collaboration demonstrates how our AI-powered engineering technology enables manufacturers to develop more efficient vehicle components, cutting down on weight and drastically reducing environmental impact," said Sam Mahalingam, chief technical officer, Altair. "We are proud to work with like-minded organizations to showcase how innovations in manufacturing contribute to a more sustainable automotive future."

Funded in part by a £2.9 million government grant from Innovate UK and APC, the PIVOT project will focus on using 100% recycled aluminum to reduce embedded carbon emissions in vehicle components by up to 95%. By overcoming mechanical weaknesses inherent in recycled aluminum through advanced grain refinement techniques developed by Brunel University London, PIVOT will make it possible to use secondary alloys for cast structural applications such as vehicle chassis systems.

"PIVOT represents a huge step forward for the casting industry," said Mark Nunan, managing director, Sarginsons Industries. "With Altair's state-of-the-art technology, we are pushing the boundaries of what's possible, creating components that are not only lighter and stronger but also significantly greener."

The PIVOT project will serve as a showcase for how AI, recycled materials, and advanced casting processes can reshape vehicle manufacturing while reducing environmental footprint. The project is expected to deliver critical advancements in the coming years, enabling OEMs and foundries to adopt more efficient and sustainable production methods.

For more information about Innovate UK and the APC's initiatives, visit https://www.apcuk.co.uk/news-events/news/new-59-million-investment-for-uk-green-vehicle-production/.

About Altair

Altair is a global leader in computational intelligence 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. To learn more, please visit www.altair.com.

Media contacts


Altair Corporate

Altair Investor Relations

Bridget Hagan

Stephen Palmtag

+1.216.769.2658

+1.669.328.9111

[email protected]

[email protected]



Altair Europe/The Middle East/Africa 


Louise Wilce


+44 (0)7392 437 635


[email protected] 


 

 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.