Altair | Jotup

Altair Announces Third Quarter 2023 Financial Results

Retrieved on:

Thursday, November 2, 2023

Bank statement, Public expenditure, Depreciation, EBITDA, GAAP, Exercise, Altair, Judgement, Bank, Insurance, Bookkeeping

Altair believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations.

Key Points:

Altair believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations.
The Company also believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other software companies, many of which present similar non-GAAP financial measures to investors.
Altair urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.
Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included with the financial tables at the end of this release.

CORT Earns Altair Humanitarian Commitment Award

Retrieved on:

Wednesday, October 25, 2023

CORT, the nation’s leading provider of furniture rental and destination services, received the 2023 Super Star Award for Humanitarian Commitment from Altair Global for the company’s exceptional efforts in addressing global challenges and promoting human dignity through impactful programs and practices that benefit marginalized communities.

Key Points:

CORT, the nation’s leading provider of furniture rental and destination services, received the 2023 Super Star Award for Humanitarian Commitment from Altair Global for the company’s exceptional efforts in addressing global challenges and promoting human dignity through impactful programs and practices that benefit marginalized communities.
“We're deeply honored to receive the Altair Humanitarian Commitment Award, recognizing our unwavering dedication to helping those in need,” said Melissa Arciga, director of global partnerships at CORT.
The Altair Supplier Partner Awards acknowledge Altair’s suppliers' outstanding achievements within their respective fields of expertise and their partnership with Altair.
CORT was presented the award at the 2023 Altair Global Supplier Partner Awards Event in Boston, Massachusetts.

CIQ Bundles OpenRadioss and ParaView on Rocky Linux 9.1 for Computation of Shapes, Now Available on Oracle Cloud Marketplace

Retrieved on:

Monday, September 18, 2023

LAS VEGAS, Sept. 18, 2023 /PRNewswire-PRWeb/ -- CIQ announced today at Oracle CloudWorld that it has made a comprehensive software stack for high-performance computation of shapes available on Oracle Cloud Marketplace. This application package—a bundle of OpenRadioss and ParaView on Rocky Linux 9.1—helps enterprises simulate and visualize complex, non-linear problems on Oracle Cloud Infrastructure (OCI). CIQ is the company building the next generation of software infrastructure for enterprises running data-intensive workloads atop the Rocky Linux enterprise Linux distribution. CIQ also is a member of Oracle PartnerNetwork (OPN).

Key Points:

This application package—a bundle of OpenRadioss and ParaView on Rocky Linux 9.1 —helps enterprises simulate and visualize complex, non-linear problems on Oracle Cloud Infrastructure (OCI) .
Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking trusted business applications and services offering unique business solutions, including ones that extend Oracle Cloud Applications.
Using Apptainer, CIQ has already successfully containerized separate builds of OpenRadioss and ParaView for post-processing purposes Building on these achievements, CIQ is now packaging OpenRadioss and ParaView together within a Rocky Linux 9 image and making it available on Oracle Cloud Marketplace.
Learn more about OpenRadioss and ParaView on Rocky Linux 9.1 on the Oracle Cloud.

Altair Announces Second Quarter 2023 Financial Results

Retrieved on:

Thursday, August 3, 2023

Altair, Exercise, Public expenditure, Depreciation, EBITDA, GAAP, Bank statement, Judgement, Bank, Insurance, Bookkeeping

Altair believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations.

Key Points:

Altair believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations.
The Company also believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other software companies, many of which present similar non-GAAP financial measures to investors.
Altair urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.
Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included with the financial tables at the end of this release.

MARELLI WINS ALTAIR ENLIGHTEN AWARD WITH ITS "LIGHTWEIGHT URETHANE FOR INTERIOR PRODUCTS"

Retrieved on:

Wednesday, August 2, 2023

FIP, Covestro, MBS, Carbon footprint, Magneti Marelli, Organic compound, Interior product, Volatile organic compound, Recycling, EVS, Future, CAR, Center for Automotive Research, Altair, Paint

DETROIT, Aug. 2, 2023 /PRNewswire/ -- Global technology company Altair and the Center for Automotive Research (CAR), both based in Michigan, US, named Marelli a 2023 Enlighten Award winner in the Future of Lightweighting category for its "Lightweight Urethane for Interior Products".

Key Points:

DETROIT, Aug. 2, 2023 /PRNewswire/ -- Global technology company Altair and the Center for Automotive Research (CAR), both based in Michigan, US, named Marelli a 2023 Enlighten Award winner in the Future of Lightweighting category for its "Lightweight Urethane for Interior Products".
The award ceremony was held on August 1st, as part of the CAR Management Briefing Seminars (MBS), an event focused on the future of the global automotive industry.
Marelli has developed a new lightweight polyurethane foam that can be applied to all foam-in-place (FIP) applications, particularly the main dashboard panel.
"We are honored to receive the 2023 Altair Enlighten Award for our polyurethane foam technology," said Tsukasa Fujii, president of Marelli's Interior Experience division.

entrio Welcomes Peter Lee to its esteemed Board of Directors

Retrieved on:

Tuesday, June 27, 2023

NEW YORK, June 27, 2023 /PRNewswire-PRWeb/ -- entrio, a cloud-based platform that uses proprietary data with optimization intelligence to reduce costs, mitigate risks, and improve operational efficiency of enterprise IT solutions, is pleased to announce the appointment of Peter Lee to its Board of Directors. Customers such as BNY Mellon, Santander, and SMBC demonstrate entrio's leadership in the banking sector.

Key Points:

entrio announced Peter Lee, former CEO of DataSynapse and RapidMiner and current Chairman of Board for WorldQuant Predictive, has been elected to entrio's esteemed Board of Directors.
NEW YORK, June 27, 2023 /PRNewswire-PRWeb/ -- entrio, a cloud-based platform that uses proprietary data with optimization intelligence to reduce costs, mitigate risks, and improve operational efficiency of enterprise IT solutions, is pleased to announce the appointment of Peter Lee to its Board of Directors.
Peter currently serves as Chairman of the Board for WorldQuant Predictive and Independent Operating Board member for Open Assembly and Chattermill.
Avi Cohen, CEO and Co-Founder of entrio endorsed the new board appointment: "We extend a warm welcome to Peter Lee as he joins our Board of Directors.

Altair Announces First Quarter 2023 Financial Results

Retrieved on:

Thursday, May 4, 2023

Altair, Exercise, Public expenditure, Depreciation, EBITDA, GAAP, Bank statement, Judgement, Bank, Insurance, Bookkeeping

Altair believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations.

Key Points:

Altair believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations.
The Company also believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other software companies, many of which present similar non-GAAP financial measures to investors.
Altair urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.
Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included with the financial tables at the end of this release.

ALTAIR INTERNATIONAL PROVIDES SHAREHOLDER UPDATE

Retrieved on:

Thursday, November 17, 2022

Growth, Electra, Altair, EVS, Energy, Tesla, ESU, VTB Capital plc v Nutritek International Corp, Security, Calendar, New Mexico Department of Energy, Minerals, and Natural Resources, Interest, OTCQB, FOR, Lithium, Online shopping, Mineral

Pittsburgh, PA, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Altair International Corp. (the Company or Altair) (OTCQB Venture: ATAO) is pleased to provide the following update.

Key Points:

Pittsburgh, PA, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Altair International Corp. (the Company or Altair) (OTCQB Venture: ATAO) is pleased to provide the following update.
As a result, we have battery which utilizes only electric fields and no electrochemical reactions at any stage of its function.
Altair has recently amended its original agreement with American Lithium Minerals, Inc., to modify the required work commitments for the 22, 23, and 24 calendar years.
About Altair: Altair International Corp (OTCQB: ATAO) is a diversified holding company whose strategy is to acquire interests in a range of profitable ventures within the Energy, Minerals, and Technology sectors.

CIQ Collaborates with the OpenRadioss Community to Containerize the Code with Apptainer

Retrieved on:

Tuesday, October 18, 2022

Well, Adoption, Altair, Electronics, NVH, Architecture, Artificial intelligence, Technology, CIQ, HPC, Safety, Environment, Crash, Shock, Solution, Video game console, Radioss, Rocky Linux

RENO, Nev., Oct. 18, 2022 /PRNewswire-PRWeb/ -- CIQ, the company building the next generation of software infrastructure for enterprises running data-intensive workloads atop the Rocky Linux enterprise Linux distribution, has successfully containerized OpenRadioss, the open-source version of the powerful multiphysics design tool Altair® Radioss®. Using open-source Apptainer, CIQ engineers have containerized OpenRadioss crash simulation code and demonstrated successful deployment on a crash model for the Toyota Camry.

Key Points:

Containerization of the OpenRadioss code using Apptainer accomplishes this multi-step task and eliminates the need for modeling engineers to become experts in builds and deployment of open-source code to different architecture and hardware targets.
Simply put, in its containerized form OpenRadioss is ready to be installed on nearly any type of host environment.
The benefits of containerizing OpenRadioss with Apptainer include:
"This is a huge deal for the simulation community," said Brock Taylor, vice president of high performance computing & strategic partnerships at CIQ.
Having OpenRadioss containerized makes the code even more accessible," said Eric Lequiniou, vice president Radioss development & Altair solver HPC.

Altair Reminds Avalara Shareholders to Vote Against the Proposed Sale to Vista Equity Partners

Retrieved on:

Wednesday, October 12, 2022

SANTA ROSA, Calif., Oct. 12, 2022 /PRNewswire/ -- Altair US, LLC ("Altair" or "we"), a pre-IPO angel investor in Avalara, Inc. (NYSE: AVLR) (the "Company" or "Avalara") and one of the Company's largest shareholders, today reiterated that it intends to vote AGAINST the Company's proposed sale to Vista Equity Partners ("Vista"). Altair believes other shareholders should do the same.

Key Points:

We continue to believe that the proposed sale to Vista is ill-timed, the result of an inadequate process rife with conflicts of interest and significantly undervalues Avalara.
While we have been proud shareholders of Avalara for nearly 20 years, we are not emotional about our ownership.
We recognize that there may come a time when the best outcome for shareholders is a sale of the Company.
We remain convinced that Avalara can deliver value to shareholders far in excess of what Vista is willing to pay.