• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishGo to App
    Quantisnow Logo

    © 2026 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    2024 Altair Enlighten Award Winners Announced

    8/6/24 8:00:00 AM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology
    Get the next $ALTR alert in real time by email

    DuPont, BMW M GmbH, Dow Inc., Toyota, General Motors, and others creating sustainable, lightweight future

    TROY, Mich., Aug. 6, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, has named the winners of the 2024 Altair Enlighten Award. Presented in association with the Center for Automotive Research (CAR), the award honors the greatest sustainability and lightweighting advancements that successfully reduce carbon footprint, mitigate water and energy consumption, and leverage material reuse and recycling efforts.

    The Altair Enlighten Award honors the greatest sustainability and lightweighting advancements that successfully reduce carbon footprint, mitigate water and energy consumption, and leverage material reuse and recycling efforts.

    Throughout its 12-year history, this prestigious Enlighten Award has become a coveted prize sought after by the automotive industry's most forward-thinking companies. It was also recognized by EV Magazine as a top 10 sustainability award in 2024.

    "The Enlighten Award is the leading award highlighting the automotive industry's finest innovations in sustainable technology. We are thrilled to once again recognize the organizations creating a more sustainable future," said James R. Scapa, founder and chief executive officer, Altair. "This year's winners can consider themselves the best innovators meeting those challenging targets."

    "Each edition of the Enlighten Award showcases the products, processes, and organizations that are ushering in the next generation of groundbreaking automotive technology," said Alan Amici, president and chief executive officer, Center for Automotive Research. "We cannot wait to recognize this year's winners, and we are once again thrilled to present this award in conjunction with Altair and the rest of our valued partners."

    Below is the complete list of all winning organizations, runners-up, and honorable mentions.

    Sustainable Product 

    Winner: DuPont – DuPont™ BETAMATE™ Broad Bake Adhesive Technology

    • DuPont™ BETAMATE™ broad bake adhesive technology helps reduce energy use and greenhouse gas emissions during vehicle body manufacturing by allowing adhesives to cure at lower temperatures, thus saving energy via reduced e-coat oven temperatures and shorter oven cycle times. The technology also eliminates the need for cold storage thanks to a special formulation that extends shelf life.

    Runner-up: Bridgestone Americas – Turanza EV Tire

    • The Turanza EV grand touring tire is manufactured with 50% renewable and recycled materials – one of the highest percentages among commercially available replacement tires – and features Bridgestone ENLITEN™ technology to optimize performance and improve tire life span. By 2050, Bridgestone is aiming for all their tires to be composed of 100% renewable and recycled materials.

    Sustainable Process

    Winner: BMW M GmbH, AMC GmbH, Bcomp Ltd., Gradel Lightweight Sàrl, and Lasso Ingenieurgesellschaft – BMW M Visionary Materials Seat

    • The BMW M Visionary Materials Seat focuses on circular design principles and sustainable materials. The seat features a monomaterial lightweight design that emphasizes using sustainable, renewable materials such as recycled polyester textile, flaxfiber BioComposite, and biogene leather alternatives. Where possible, petrol-based raw materials through bio-based materials were made from algaes and plant-based fillers – such as chalk and cork. The composite can be made from carbon, basalt, glass fiber, or natural fibers as needed.

    Runner-up: Toyota Motor Manufacturing Canada and PPG Industries – EPIC200X Electrocoat

    • The EPIC200X electrocoat enhances corrosion protection for automotive bodies while significantly reducing environmental impact. At the Toyota facility, the new product and application process enables a total reduction of 3,500 metric tons of CO2 emissions per year. More specifically, the new product reduces the amount of applied product by vehicle by 0.6 kg, while the new application process saves 5,626,000 kWh of energy and 1,843,000 gallons of water per year. 

    Module Lightweighting 

    Winner: Syensqo and General Motors – High-Performance Thermoplastic Battery Module Structure

    • Syensqo and General Motors have collaboratively designed an innovative high-performance thermoplastic battery module structure that delivers a remarkable 37% weight reduction and a 25% cost savings compared to traditional aluminum. Key features include enhanced vehicle performance through precision injection molding, streamlined component consolidation for simplified assembly, and a unique cell-lock feature that stabilizes battery cells. Additionally, the design eliminates multiple components and processes, further optimizing efficiency.

    Runner-up: Toyota Motor Company, US Farathane, and BASF Corporation – Toyota Tacoma Second-Row Composite Seat Structure

    • The Toyota Tacoma Second Row Comprise Seat Structure features 30% less mass than the previous generation of steel seats and 20% less mass than the current resin seats seen in the 2022 Toyota Tundra. In addition, the new seat structure consolidated more than 55 parts into just four parts that take little time to be injection molded and shipped.

    Enabling Technology

    Winner: CompositeEdge GmbH – Next-Gen Sustainable High-Performance Structures

    • Aiming to minimize overall material usage, CompositeEdge GmbH utilized natural fiber composites – such as flax and hemp fiber – blended with plastic to form high-performance structures that can support the automated manufacture of car body panels, interior trims, chassis parts, suspension elements, and more without additional adhesives. The use of natural fiber composites significantly reduces carbon emissions and energy consumption compared to synthetic materials. Overall, the technology enables the production of sustainable, lightweight automotive components.

    Runner-up: Teijin Automotive Technologies – Fully Automated Preforming Process Enabling Complex CFRP Part

    • Teijin Automotive Technologies' fully automated preforming process enables the mass production of carbon fiber preforms to be used in automotive components – in this case a vehicle door. The precision of the automated process optimizes the amount of material used and recycles a small amount of offal (waste). The previous labor-intensive process was unsuitable for mass production and often resulted in avoidable waste due to human error. The new process is much more efficient, reducing required labor by 20%.

    Honorable Mention: Bemis Manufacturing Company and BASF Corporation – Large Hydraulic Tanks for Compact Excavators via BASF's Ultramid Polyamide 

    • Bemis Manufacturing Company and BASF Corporation developed large hydraulic tanks for compact excavators using BASF's polyamide, which provided an eco-efficient solution that delivered both environmental savings (reductions in life cycle CO2 emissions) and reduced life cycle cost. In addition, by combining injection molding and vibration welding, the approach resulted in 5% mass savings and 20% lower costs compared to traditional roto-molding. 

    Future of Lightweighting

    Winner: WEAV3D, Braskem, and Clemson Composites Center – Cost-Effective Lightweight Vehicle Body Structures 

    • WEAV3D, Braskem, and the Clemson Composites Center developed a composite lattice-reinforced polypropylene sheet tailorable to match the performance of any vehicle body structure on the market. Manufactured with a high rate, highly automated forming cycle that produces more parts using less energy, the new sheet cost 50% less and weighed 23% less than CFPA6 organosheet (nylon 6) and weighed between 60-70% less than steel. The material also boasted a 62% reduction in trim scrap by weight. Lastly, compared to steel, the polypropylene sheet featured superior energy absorption and shape recovery.

    Runner-up: Carsolia Composites Corporation – Composite Suspension Coil Spring by Carsolia

    • Carsolia Composites Corporation introduced a patent-pending composite coil spring that's 50% lighter than steel. The carbon fiber composite material also has 50% less CO2 equivalent per kilogram vs. steel, resulting in a 75% overall reduction of CO2 emissions. Manufactured with an efficient production process that supports high volume vehicle production, the spring also enables unique appearance design possibilities that were previously impossible. Ideally suited for battery electric vehicle (BEV) platforms, it's a direct replacement for current vehicles as a "bolt-on solution" – no redesign needed.

    Responsible AI 

    Winner: Dow Inc. – Sustainable SPECFLEXTM Polyurethane Solutions

    • Dow Inc.'s sustainable SPECFLEXTM polyurethane solutions focus on developing and using cleaner raw materials and unique design principles to optimize performance. Achieving equivalent mechanical and ageing properties compared to traditional formulations, these solutions are significantly safer and more sustainable – with over 50% lower total volatile organic compounds (VOCs), 60% lower formaldehyde, and 80% lower acetaldehyde. Moreover, an AI aldehyde predictive model accelerates market response by capturing the factors contributing to odor and translating complicated non-linear features into real-world related performance features – enabling outcome prediction.

    As the world demands safer, more efficient and innovative products and processes, Altair aims to transform design and decision making by applying AI-powered engineering, high-performance computing, and optimization throughout product lifecycles. By helping customers accomplish this, Altair helps to reduce the environmental impact of goods and services across a broad array of industries worldwide. Altair's software technology and consulting services are by their very essence at the core of designing a healthier and more sustainable future for humanity. To learn more, visit https://altair.com/sustainability.

    The Enlighten Award winners will be announced in an awards ceremony at the CAR Management Briefing Seminars on August 6, 2024, at 8:00 a.m. EDT. For more information about the Enlighten Award, visit https://www.altair.com/enlighten-award/. 

    Partners for the 2024 Enlighten Award include Auto Bild Japan, Autocar Professional, Automobil Industrie, Auto Messe Web, Auto Messe Web Worldwide, Center for Automotive Research, Google Cloud, Korean Society of Automotive Engineers (KSAE), SAE Automotive Engineering, and Tech Briefs.

    About Altair 

    Altair 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. 

    Media contacts



    Altair Corporate

    Altair Investor Relations

    Bridget Hagan

    Stephen Palmtag

    +1.216.769.2658

    +1.669.328.9111

    [email protected]

    [email protected]





    Altair Europe/The Middle East/Africa



    Charlotte Hartmann



    +49 7031 6208 0



    [email protected]



     

    DuPont™ BETAMATE™ broad bake adhesive technology is the winner of the Enlighten Award Sustainable Product category. This technology helps reduce energy use and greenhouse gas emissions during vehicle body manufacturing by allowing adhesives to cure at lower temperatures, thus saving energy via reduced e-coat oven temperatures and shorter oven cycle times.

    Altair (PRNewsfoto/Altair)

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/2024-altair-enlighten-award-winners-announced-302214538.html

    SOURCE Altair

    Get the next $ALTR alert in real time by email

    Crush Q1 2026 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $ALTR

    DatePrice TargetRatingAnalyst
    8/2/2024$85.00 → $71.00Neutral → Sell
    Goldman
    7/15/2024$95.00Overweight → Neutral
    JP Morgan
    2/23/2024$74.00 → $88.00Buy → Neutral
    Rosenblatt
    12/22/2023$86.00Overweight
    JP Morgan
    5/5/2023$44.00 → $67.00Sell → Neutral
    Goldman
    11/16/2022$60.00Buy
    Needham
    8/17/2022$70.00Outperform
    Wolfe Research
    7/27/2022$60.00Outperform
    Oppenheimer
    More analyst ratings

    $ALTR
    SEC Filings

    View All

    Amendment: SEC Form SCHEDULE 13G/A filed by Altair Engineering Inc.

    SCHEDULE 13G/A - Altair Engineering Inc. (0001701732) (Subject)

    4/7/25 4:15:10 PM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    SEC Form 15-12G filed by Altair Engineering Inc.

    15-12G - Altair Engineering Inc. (0001701732) (Filer)

    4/7/25 9:30:16 AM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    Altair Engineering Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Material Modification to Rights of Security Holders, Changes in Control of Registrant, Leadership Update, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Completion of Acquisition or Disposition of Assets, Events That Accelerate or Increase a Direct Financial Obligation, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

    8-K - Altair Engineering Inc. (0001701732) (Filer)

    3/28/25 8:34:33 AM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    $ALTR
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Chief Technology Officer Srikanth Mahalingam returned $5,635,875 worth of shares to the company (49,875 units at $113.00), closing all direct ownership in the company (SEC Form 4)

    4 - Altair Engineering Inc. (0001701732) (Issuer)

    3/26/25 6:32:03 PM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    Chief Accounting Officer Gayle Brian returned $2,034,904 worth of shares to the company (18,008 units at $113.00), closing all direct ownership in the company (SEC Form 4)

    4 - Altair Engineering Inc. (0001701732) (Issuer)

    3/26/25 4:59:49 PM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    Chief Legal Officer Maitra Raoul returned $3,515,656 worth of shares to the company (31,112 units at $113.00), closing all direct ownership in the company (SEC Form 4)

    4 - Altair Engineering Inc. (0001701732) (Issuer)

    3/26/25 4:56:12 PM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    $ALTR
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Altair Engineering downgraded by Goldman with a new price target

    Goldman downgraded Altair Engineering from Neutral to Sell and set a new price target of $71.00 from $85.00 previously

    8/2/24 7:48:06 AM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    Altair Engineering downgraded by JP Morgan with a new price target

    JP Morgan downgraded Altair Engineering from Overweight to Neutral and set a new price target of $95.00

    7/15/24 7:25:47 AM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    Altair Engineering downgraded by Rosenblatt with a new price target

    Rosenblatt downgraded Altair Engineering from Buy to Neutral and set a new price target of $88.00 from $74.00 previously

    2/23/24 6:53:10 AM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    $ALTR
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Cava Group Set to Join S&P MidCap 400 and Angi to Join S&P SmallCap 600

    NEW YORK, March 26, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, and S&P SmallCap 600: Cava Group Inc. (NYSE:CAVA) will replace Altair Engineering Inc. (NASD: ALTR) in the S&P MidCap 400 effective prior to the opening of trading on Monday, March 31. Siemens AG (XETR: SIE) acquired Altair Engineering in a deal completed today.Angi Inc. (NASD: ANGI) will replace The ODP Corp. (NASD: ODP) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, April 2. S&P SmallCap 600 constituent IAC Inc. (NASD: IAC) is spinning off its ownership interest in ANGI in a transaction expected to be completed on Tuesday, April 1. Post spi

    3/26/25 5:40:00 PM ET
    $ALTR
    $ANGI
    $CAVA
    Computer Software: Prepackaged Software
    Technology
    Advertising
    Consumer Discretionary

    Altair and JetZero Join Forces to Propel Aerospace Innovation

    Altair's technology and JetZero's unique blended wing airplane unite to reshape the future of aviation TROY, Mich., March 20, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, and JetZero, a company dedicated to developing the world's first commercial blended wing airplane, have joined forces to drive next-generation aerospace innovation. The blended-wing airplane promises to deliver greater fuel efficiency, more expansive range, and a lighter, more aerodynamic design than conventional airliners. Through the design of the airplane alone, JetZero estimates up to 50% reduced fuel consumption and associated emissions. JetZero is utilizing Altair® FlightSt

    3/20/25 7:00:00 AM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    Altair One® Cloud Innovation Gateway Achieves Seamless Integration with NVIDIA Omniverse Blueprint for Real-Time Digital Twins

    Altair, supported by NVIDIA technology, will further drive innovation in simulation-driven design, AI-powered engineering, and computational intelligence TROY, Mich., March 19, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, has announced a technical integration between the NVIDIA Omniverse Blueprint for Real Time Digital Twins and the Altair One® cloud innovation gateway. The integration takes advantage of GPU acceleration, NVIDIA NIM microservices, and NVIDIA Omniverse technologies to give customers an unparalleled ability to visualize, build, edit, and interact with complex simulations and digital twins in a shared turnkey environment. More broadl

    3/19/25 7:00:00 AM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    $ALTR
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G filed by Altair Engineering Inc.

    SC 13G - Altair Engineering Inc. (0001701732) (Subject)

    11/21/24 6:07:25 AM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    Amendment: SEC Form SC 13G/A filed by Altair Engineering Inc.

    SC 13G/A - Altair Engineering Inc. (0001701732) (Subject)

    11/13/24 9:09:33 AM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    Amendment: SEC Form SC 13G/A filed by Altair Engineering Inc.

    SC 13G/A - Altair Engineering Inc. (0001701732) (Subject)

    11/8/24 4:44:58 PM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    $ALTR
    Financials

    Live finance-specific insights

    View All

    Altair Announces Fourth Quarter and Full Year 2024 Financial Results

    TROY, Mich., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Software revenue was $179.4 million compared to $155.9 million for the fourth quarter of 2023, an increase of 15.0% in reported currency and 16.5% in constant currencyTotal revenue was $192.6 million compared to $171.5 million for the fourth quarter of 2023, an increase of 12.3% in reported currency and 13.8% in constant currencyNet income was $1.0 million compared to $19.7 million for the fourth quarter of 2023, a decrease in earn

    2/20/25 4:05:00 PM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    Altair Announces Third Quarter 2024 Financial Results

    TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), today released its financial results for the third quarter and nine months ended September 30, 2024. Immediately prior to the dissemination of this press release, Altair issued a press release announcing that it has entered into a merger agreement with a subsidiary of Siemens pursuant to which Altair will be acquired and stockholders of Altair will receive cash merger consideration as more fully described in that press release. Third Quarter 2024 Financial Results Software revenue was $138.7 million compared to $119.1 million for the third quarter of 2023, an increase of 16.5% in reported currency an

    10/30/24 4:36:06 PM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    Altair Signs Definitive Agreement with Siemens to be Acquired for $10.6 Billion

    TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today announced that it has entered into a definitive agreement to be acquired by Siemens, a leading technology company focused on industry, infrastructure, mobility, and healthcare. Altair stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion.  The $113.00 per share cash consideration represents a 19% premium to the closing price of Altair common stock on October 21, 2024, the last trading day prior to media speculation regarding a potential transaction, and a 13% premium to Altair's unaffected all-time high closing

    10/30/24 4:33:49 PM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    $ALTR
    Leadership Updates

    Live Leadership Updates

    View All

    Cava Group Set to Join S&P MidCap 400 and Angi to Join S&P SmallCap 600

    NEW YORK, March 26, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, and S&P SmallCap 600: Cava Group Inc. (NYSE:CAVA) will replace Altair Engineering Inc. (NASD: ALTR) in the S&P MidCap 400 effective prior to the opening of trading on Monday, March 31. Siemens AG (XETR: SIE) acquired Altair Engineering in a deal completed today.Angi Inc. (NASD: ANGI) will replace The ODP Corp. (NASD: ODP) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, April 2. S&P SmallCap 600 constituent IAC Inc. (NASD: IAC) is spinning off its ownership interest in ANGI in a transaction expected to be completed on Tuesday, April 1. Post spi

    3/26/25 5:40:00 PM ET
    $ALTR
    $ANGI
    $CAVA
    Computer Software: Prepackaged Software
    Technology
    Advertising
    Consumer Discretionary

    Altair Joins the Piedmont Aerospace Cluster

    Altair technology to fuel innovation and the future of aerospace TROY, Mich., Feb. 25, 2025 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, has been selected to join the Piedmont Aerospace Cluster. As a member, Altair will contribute to several of the Cluster's innovative projects and strategic initiatives. In aerospace, supply chains play a crucial role, as optimizing them requires companies with deep knowledge of the processes and methods of a highly regulated, quality-driven industry. As one of the world's leading providers of technologi

    2/25/25 7:00:00 AM ET
    $ALTR
    Computer Software: Prepackaged Software
    Technology

    KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

    NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S

    6/7/24 6:09:00 PM ET
    $ADTN
    $ALTR
    $ATNI
    Telecommunications Equipment
    Utilities
    Computer Software: Prepackaged Software
    Technology