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Engineers From Altair and AK Steel Awarded With 2004 SAE Transaction Paper Honor

TROY, Mich., May 17, 2004 - At the 2004 SAE World Congress, a technical paper written by two engineers from Altair Engineering, Inc. and one from AK Steel Corporation has been selected to appear in the 2004 SAE Transaction, the most prestigious publication of technical papers produced by the Society of Automotive Engineers.

Gagan Tandon and Sanjaya Fonseka of Altair Engineering and John Tack of AK Steel Corporation co-authored "Lightweight Tailgates with Stainless Steel", a technical paper written to address the automotive industry’s increasing demand for lighter, more cost-efficient products.

AK Steel commissioned Altair Engineering, a pioneer in global product design consulting and engineering technology, to design a lightweight tailgate using stainless steel that would be easier to open and more resistant to dent and corrosion damage.

The SAE Transaction is a premium SAE publication containing a collection of only the best technical papers from each SAE conference. During each conference, submitted papers are peer-reviewed and rated, and the best papers are added to the collection. The Transactions are preserved by SAE as permanent literature, and are used worldwide for reference and research in both the business and academic communities.

About AK Steel

Headquartered in Middletown, Ohio, AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets.

About Altair Engineering

Through product design consulting, advanced engineering software and high performance computing technologies, Altair Engineering increases innovation for clients around the globe. Founded in 1985 and privately held with offices throughout 11 countries, Altair's unparalleled knowledge and expertise in product development and manufacturing extend throughout North America, Europe and Asia. As the developer of Altair® HyperWorks® - The Engineering Framework for Product DesignTM, Altair is the leading provider of high-end, open CAE software solutions for modeling, visualization, optimization and process automation. The company’s grid computing software, PBS ProTM, is a workload management solution for high performance computing environments, LINUX clusters and desktop cycle harvesting that delivers an ROI within one year. For detailed information about Altair, visit www.altair.com .

Michael Kidder

Altair Engineering, Inc.

(248) 614-2400, ext. 269

Mike Szudarek

Marx Layne & Co.

(248) 855-6777

Alan H. McCoy

Vice President, Government & Public Relations

AK Steel

(513) 425-2826

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