ANSYS and General Electric Unlock Future Innovation with New Collaboration Agreement Joint technology collaboration agreement extends 20-year relationship to bring next-generation of products to life
PITTSBURGH, May 7, 2014 /PRNewswire/ -- ANSYS (NASDAQ: ANSS) and GE Aviation are deepening their long-standing strategic relationship by establishing a new joint technology collaboration agreement that will help solve future engineering challenges and drive product development processes in a world of smart products and big data. Both organizations recognize the value of cutting-edge research and are jointly aligned in their desire to spur innovation by creatively applying simulation to the manufacturing and industrial space.
ANSYS and GE Aviation will work together over a range of applications to establish forward-looking analysis techniques that leverage expertise from both parties. In the first project under this agreement, ANSYS and GE Aviation will investigate industry data to create new engineering best practices associated with the accurate analysis of some of GE's core industrial products. Projects may include simulation of system-level product performance, enhanced by live data, to predict overall system efficiency and maximize product life.
GE currently leverages ANSYS engineering simulation technology across its product portfolio to create best-in-class products ranging from aircraft engines to high-fidelity MRI scanners. This new joint agreement highlights the commitment of both organizations to stay at the forefront of innovation and productivity.
"We have employed the power of ANSYS simulation for over two decades to confidently design and analyze our products and quickly bring them to market," said Christopher Lorence, general manager of engineering technologies at GE Aviation. "This new strategic agreement will allow us to work more closely with ANSYS and push the boundaries of engineering even further."
"GE is an industry leader that has built its reputation on providing world-class products and services like advanced jet engines and power systems," said Jim Cashman, ANSYS president and CEO. "Our long-standing relationship with GE Aviation provided a strong foundation for this new collaborative agreement, and we're confident that the resulting insight will further solidify GE's status as leader in innovation in the products and markets it serves. We are excited to be even a small part of the future success of GE."
About ANSYS, Inc.
ANSYS brings clarity and insight to customers' most complex design challenges through fast, accurate and reliable engineering simulation. Our technology enables organizations ― no matter their industry ― to predict with confidence that their products will thrive in the real world. Customers trust our software to help ensure product integrity and drive business success through innovation. Founded in 1970, ANSYS employs more than 2,600 professionals, many of them expert in engineering fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, and design optimization. Headquartered south of Pittsburgh, U.S.A., ANSYS has more than 75 strategic sales locations throughout the world with a network of channel partners in 40+ countries. Visit www.ansys.com for more information.
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