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Altair Engineering President and CEO Discusses Optimization Trends at MA&O Conference

ALBANY, N.Y., August 30, 2004 - In a keynote address at the AIAA/ISSMO Multidisciplinary Analysis and Optimization (MA&O) Conference today, James R. Scapa, President and CEO, Altair Engineering, discussed optimization trends in product design that are being embraced by the manufacturing community.

Scapa said that optimization technology and methods are playing an increasingly more important role in the commercial industry. In today's competitive environment, engineering and design departments are being pressured more than ever to make product improvements. Being able to structurally optimize a component for a desired performance outcome in the pre-design phase can mean more time for product innovation and shorter time to market. Moreover, there is a significant movement to not only design for product performance but also for robustness and reliability.

"Innovation can become a key to success and, in some cases, to survival," Scapa said. "While innovation enables change, optimization represents the vehicle that delivers it. Within manufacturing, optimization enables companies to make a competitive difference in their products and processes. More and more, manufacturers are implementing technology that can help them in the conceptual stages of design. And this is precisely the arena in which optimization plays."

Scapa explained, "Optimization software is used before a commitment to any particular design concept. In fact, these tools are used to define design concepts that satisfy the intended market strategy and functional product requirements. They can lead the development of holistic, efficient products based on the inherent deliverables of the product-and actually drive innovation."

"At Altair, we believe optimization and other conceptual design software technology in the process will drive aesthetics as well as the mechanical effectiveness of designs," Scapa said. "In order to achieve this vision, we are rapidly building the components of a highly functional and open framework focused on the unique and multidisciplinary needs of optimization and robust design. We are investing significantly in the context of our vision, and we hope to play a significant role in this exciting future."

The MA&O international conference, sponsored by the American Institute of Aeronautics and Astronautics and the International Society for Structural and Multidisciplinary Optimization, brings together industry, government, and academia to present and discuss the latest in MA&O technology. This year the biennial MA&O international conference celebrates its 20 year anniversary. For more information regarding this conference and other AIAA events please visit www.aiaa.org .

Innovative applications of optimization methods and techniques in product design and development will also be the topic of discussion at Altair Engineering's 2nd Annual Optimization Technology Conference on September 23 in Troy, Mich. For more information and to register for this free conference, please visit www.altair.com/OTC2004 .

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


Colleen Kmiecik

Marx Layne & Co.



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