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Meridian Flight Systems Joins Altair Aerospace Startup Acceleration Program (ASAP)

1. Meridian joins Altair's Aerospace Startup Acceleration Program for UAV projects. 2. Collaboration aims to enhance Corra UAV and HERMES projects using Altair's software. 3. Altair provides technical support and simulation resources to optimize Meridian's projects. 4. Joint research initiatives will share findings at industry conferences, boosting visibility. 5. Potential for groundbreaking UAV technologies could influence aerospace innovation landscape.

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Why Bullish?

The partnership strengthens Altair's position in the UAV market, similar to past collaborations that boosted stock performance.

How important is it?

The collaboration with Meridian could enhance Altair's revenue and innovation potential in UAV technology, increasing its market competitiveness.

Why Long Term?

The project's outcome can take time, with long-term impacts seen in future product capabilities and market growth.

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Meridian to utilize Altair software and services to enhance development of Corra UAV and HERMES projects, /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to welcome Meridian Flight Systems to the Altair Aerospace Startup Acceleration Program (ASAP). Within ASAP, Meridian will utilize Altair's next-generation simulation, data analytics, and high-performance computing (HPC) software and technical support to enhance the development of the Corra unmanned aerial vehicle (UAV) and its Hybrid Electric Range-Extending Microturbine Energy System (HERMES). Altair is welcoming Meridian Flight Systems to the Altair Aerospace Startup Acceleration Program (ASAP). Within ASAP, Meridian will utilize Altair’s software and services to enhance development of Corra UAV and HERMES projects. "Meridian marks yet another fantastic addition to ASAP. We are excited to collaborate with them to push innovation in the development of heavy-lift UAVs," said Pietro Cervellera, senior vice president of aerospace and defense, Altair. "With our world-class software and technical support, we look forward to seeing what technologies arise from the Corra and HERMES projects." "Joining ASAP marks a significant advancement in our mission to develop cutting-edge UAV and hybrid power technologies," said Saïf-Deen Akanni, chief executive officer and chief technical officer, Meridian Flight Systems. "Altair's best-in-class software solutions and technical expertise will be instrumental in optimizing the design and performance of the Corra UAV, while accelerating the development of the Hybrid Electric Range-extending Microturbine Energy System (HERMES) towards achieving airworthiness certification and operational readiness." Altair's solutions and guidance will enable Meridian to optimize design processes, perform sophisticated simulations, and expedite the Corra UAV and HERMES projects from conception to certification and deployment. The collaboration's key aspects include: Comprehensive Software Access: Meridian will utilize Altair's advanced simulation and optimization software, encompassing aerodynamics, structural integrity, aeroelastics, and thermal systems. Dedicated Technical Support: Altair will provide expert guidance to ensure effective application of its software in complex aerospace projects. Collaborative Research Initiatives: Both companies will coauthor research papers and present at industry conferences, sharing insights and new data derived from the Corra UAV and HERMES projects. Meridian will demonstrate how Altair's simulation tools facilitate the design, performance, and certification processes for both the Corra UAV and HERMES projects. This collaboration exemplifies a shared dedication to advancing aerospace innovation through rigorous analysis, data-driven research, and the broad dissemination of knowledge.To learn more about ASAP, visit https://altair.com/aerospace-startup-acceleration-program. To learn more about Meridian, visit https://www.meridianflight.com/.About AltairAltair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.SOURCE Altair WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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