- Altair ( NASDAQ: ALTR ) has recently signed a memorandum of understanding with LG Electronics to accelerate the digital transformation of product development.
- Together, both parties will promote research and development and the construction of a simulation platform.
- The two companies will share information in priority fields of research; and plans to build a more advanced digital transformation development environment by integrating LG's product development technology with Altair's simulation and AI technology.
- The parties to cooperate on computer-aided engineering CAE/automation platform development and digital twin technology, which LG uses to develop products.
For further details see:
Altair, LG Electronics collaborate to accelerate digital transformation