Cost Estimation Software Added to Altair Software Library

TROY, Mich., May 18, 2016 /PRNewswire/ -- The Altair Partner Alliance (APA) added Hyperlean s.r.l.'s cost estimation software LeanCOST® for HyperWorks users. LeanCOST can be used for quick and easy cost estimation of products, processes, single components and assemblies based on automatic feature recognition from 3D models.

"We could not be happier to be joining the Altair community," said Margherita Peruzzini, a founding member of Hyperlean. "Cost reduction is something that resonates with every company, no matter what industry vertical they are a part of, which is why we felt the Altair Partner Alliance was a perfect fit for us. This partnership allows us to bring the powerful benefits to a broad array of people with the powerful cost estimation capabilities of LeanCOST. We are very excited to start helping these customers evaluate their processes and prepare for the best possible solutions."

LeanCOST provides manufacturing cost estimation in the early design stages to help keep project schedules on track with detection of potential roadblocks and eliminating unexpected expenses. In addition to cost planning, LeanCOST is able to define technological parameters of a project and suggest the best production process based on general and specific customer needs. With this information, customers are able to identify and make the necessary changes to optimize a product to achieve and verify the best solution.

"LeanCOST aligns perfectly with Altair's vision of supporting design engineers in achieving the optimal design solution throughout the entire product lifecycle," said Rocco Cappiello, Vice President, Engineering Analytics at Altair. "Having the capability to estimate cost in the early concept phase helps design for various manufacturing methods, and provides an extensive process knowledge base for cost analysis, even in the absence of in-house process experts. LeanCOST provides design teams with the ability to make smart decisions with real time cost feedback and a repeatable estimating process in combination with design of experiment analysis and multi-objective optimization."

In addition to cost estimation and process analysis, LeanCOST includes a standard database of machines and raw materials populated with worldwide data, which have the capability to be customized according to specific customer needs. This provides customers with the power to reduce the overall time for cost estimation, improve the cost control within different departments and to standardize the estimation procedures.

The introductory webinar for LeanCOST will be held on May 24 at 9:00 a.m. and 1:00 p.m. ET. For more information about Hyperlean, please visit the product page: www.altairhyperworks.com/partner/leancost.

About the Altair Partner Alliance

Altair's HyperWorks platform applies a revolutionary subscription-based licensing model in which customers use floating licenses to access a broad suite of Altair-developed, as well as third-party, software applications on demand. The Altair Partner Alliance effectively extends the HyperWorks Platform from more than 20 internally developed solutions to upwards of 60 applications with the addition of new partner applications. Customers can invoke these third-party applications at no incremental cost using their existing HyperWorks licenses. Customers benefit from unmatched flexibility and access, resulting in maximum software utilization, productivity and ROI. For more information about the Altair Partner Alliance, visit http://www.altairhyperworks.com/apa.

About Hyperlean s.r.l.

Hyperlean develops and sells an innovative CAD-based software system for design to cost and design to sustainability. It allows companies to reduce time spent for cost estimation and time-to-market as well as formalize the company knowledge and standardize the cost analysis process. Hyperlean is an Italian start-up born in 2010. Its industrial partner is Biesse Group, a leading company in advanced machine tools. Hyperlean's main goal is pushing new technologies and tools in industry to support more efficient processes and best product quality. The main product is LeanCOST, a CAD-based software platform that simplifies and speeds up the estimation of manufacturing costs from the earliest design stages. Moreover, Hyperlean fulfils its offer with consulting services dedicated to the introduction of systems in specific industrial sectors with a continuous support.  

About Altair

Altair is focused on the development and broad application of simulation technology to synthesize and optimize designs, processes and decisions for improved business performance. Privately held with more than 2,600 employees, Altair is headquartered in Troy, Michigan, USA and operates more than 45 offices throughout 22 countries. Today, Altair serves more than 5,000 corporate clients across broad industry segments. To learn more, please visit www.altair.com.

Media Contacts

Altair Corporate/North America 
Biba A. Bedi 
+1-757-224-0548 x 406 
[email protected]  

Altair Europe, the Middle East and Africa 
Evelyn Gebhardt 
+49-6421-9684351 
[email protected]

Hyperlean 
Jessica Moretti 
+ 39-320-807-8304  
[email protected]   

SOURCE Altair

Related Links

http://www.altair.com