Cosworth Technology and Altair Engineering Form Engineering Partnership.Business Editors TROY, Mich.--(BUSINESS WIRE)--June 26, 2003 Altair Engineering Altair Engineering is a product design and development, engineering software and grid computing software company. Altair was founded by Jim Scapa, George Christ, and Mark Kistner in 1985. Over its history, it has had various locations near Detroit, Michigan, USA. (www.altair.com), a Troy, Mich.-based international product design and consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , and Cosworth Technology, Inc. (www.cosworth-technology.com), a global powertrain engineering services supplier, announced an agreement to pool their resources to fully develop automotive OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and niche and performance vehicles. The joint agreement will combine Cosworth Technology's powertrain systems expertise with Altair's vehicle design, development and test capabilities. The two companies' complementary skills provide OEM customers with a "one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. " for most aspects of vehicle development. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mike Heskitt, vice president, global engineering for Altair Engineering, "With a mutual client base, we kept finding ourselves already working together on vehicle programs. This agreement makes a lot of sense and offers customers a single source for supporting derivative programs." "The growing requirement for lower volume niche products make these types of relationships increasingly more important," says Jonathan Hurden, U.S. operations director for Cosworth Technology. "They significantly improve the options available to OEMs." For more information about Altair Engineering, Inc. and Cosworth Technology, Inc. visit www.altair.com and www.cosworth-technology.com. |
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