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LeanNova, Swedish Engineering Service Provider Chooses Altair ProductDesign as Strategic Development Partner

Altair’s engineering expertise will be employed by newly founded Swedish engineering services provider for the development of full automotive vehicles and car subsystems Troy, Mich. – June 12, 2012 – Altair, developer of the popular HyperWorks computer-aided engineering software, today announced that LeanNova, a newly founded engineering services provider for the automotive industry has chosen Altair ProductDesign and its competences in optimization, light weight design, simulation, and vehicle development as its strategic partner for several projects in the automotive industry.

LeanNova Engineering AB was founded by a management team formed of previous Saab Automotive AB employees. The company offers a strong automotive system capability, combined with a profound understanding of how to integrate technical, legal and customer requirements into an optimized end product. LeanNova Engineering is owned by Fouriertransform, a governmental run and financed venture capital, which will develop LeanNova to be a leading, well established and recognized engineering company within the automotive industry. LeanNova offers profound OEM experience with the complete vehicle development and integration, a strongly mathematical and simulation based process, prototype build and test lab capabilities as well as extensive experiences within the global automotive market and its requirements.

“We are very happy to partner with Altair ProductDesign for our first major projects in the automotive industry,” says Martin Öman, Chief Operating Officer at LeanNova. “We wanted a partner that had a local presence by our automotive OEM clients and Altair ProductDesign fitted that role perfectly. Their engineers will enforce our own engineering team and contribute to our projects with their experience in virtual automotive development, and their simulation driven design methodology. We know Altair and the ProductDesign team well from former projects for companies such as Saab, Opel, GM, and FIAT and will continue the good work with projects for former and new customers.”

“We are very pleased about the new partnership with LeanNova and are looking forward to projects throughout Europe,” said Royston Jones, President, Altair ProductDesign. “I am sure that we will contribute to the success of LeanNova with our experience in optimization and vehicle development. Due to CO2 emission regulations and increasing fuel prices, it becomes more and more important to build lighter, more efficient vehicles. One of our key experiences is in light weight design and we advocate the concept of a simulation driven approach to address today’s design challenges.”

About LeanNova Engineering AB
LeanNova is an independent engineering company sprung out of Saab Automobile engineering. The company offers the unique combination of strong automotive system capability, combined with a profound understanding of how to integrate technical, legal and customer requirements into an optimized end product. Technical competence, lean integration process and a holistic view on automotive engineering results in maximum benefits for our customers. For more information please visit: www.leannova.se.

About Product Design
Altair ProductDesign is a global, multi-disciplinary product development consultancy of more than 500 designers, engineers, scientists, and creative thinkers. As a wholly owned subsidiary of Altair Engineering, Inc., this organization is best known for its leadership in combining its engineering expertise with Computer Aided Engineering (CAE) technology to deliver innovation, automate processes. Altair ProductDesign firmly advocates a user-centered, team-based design approach, and utilizes proprietary simulation and optimization technologies (i.e. Altair HyperWorks) to help clients bring innovative, profitable products to market faster. Visit www.altairproductdesign.com and www.altairenlighten.com.

About Altair (Nasdaq: ALTR)
Altair is a global technology company that provides software and cloud solutions in the areas of product development, high performance computing (HPC) and data analytics. Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future. To learn more, please visit http://www.altair.com.

Press Contact:
Evelyn Gebhardt
Blue Gecko Marketing GmbH
Tel.: +49 6421 9684351

Company Contact:
Peter Roberts
Altair ProductDesign
Tel.: +44 (0)1926 468 600