Pittsburgh – May 3, 2016 – Future General Electric Co. customers will benefit from innovative and reliable products with reduced risk and unplanned downtime as never before thanks to a new agreement between the company and Ansys (NASDAQ: ANSS).
The new agreement expands GE's use of Ansys engineering simulation solutions to accommodate its November 2015 acquisition of Alstom's Power and Grid businesses. It enables GE to realize synergistic savings through tool consolidation, while still growing the number of Ansys solutions used in product development and analysis, product quality, and testing. This use of Simulation Driven Product Development™ has already reduced cycle times by 33 percent, an even further reduction is expected as a result of this investment.
The deal also expands beyond product development into operations, a key element to GE's Predix Industrial Internet platform. Predix is the world's only industrial cloud offering designed specifically for industrial data and analytics across such industries as aviation, transportation, oil and gas, and healthcare. Organizations use this platform to create innovative Industrial Internet applications that turn real-time operational data into insights for better and faster decision making while maximizing machine efficiency.
Ansys' industry-leading portfolio of engineering simulation software will collaborate with GE Power Engineering to pilot "simulation as a service," enabling companies to analyze the performance of smart machines in real-world operating conditions, then make confident predictions about future performance. Physics-based simulation with big data analytics and industrial devices augmented with embedded intelligence can reduce risk, avoid unplanned downtime and speed up new product development.
"By collaborating with Ansys, we're better able to deliver the world the most advanced products to power the world and support the GE Digital Thread strategy," said John Lammas, vice president, gas power systems technology and chief technology officer of GE Power.
"The industry is in the midst of a revolution in manufacturing and product innovation," said Walid Abu-Hadba, chief product officer at Ansys. "With our new agreement in hand, GE and Ansys will help to usher in this new age of Internet of Things and Industry 4.0, enabling organizations to innovate like never before while delivering on their promise to deliver the most robust and reliable products ever imagined."
Ansys is the global leader in engineering simulation. We bring clarity and insight to our customer's most complex design challenges through the broadest portfolio of fast, accurate and reliable simulation tools. Our technology enables organizations in all industries to imagine high-quality, innovative product designs that are sustainable and have an accelerated time to market. Founded in 1970, Ansys employs almost 3000 professionals, more than 700 of them with PhDs in engineering fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, embedded software, system simulation and design optimization. Headquartered south of Pittsburgh, U.S.A., Ansys has more than 75 strategic sales and development locations throughout the world with a network of channel partners in 40+ countries. Visit www.ansys.com for more information.
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GE Power is a world leader in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources. We are transforming the electricity industry with the digital power plant, the world's largest and most efficient gas turbine, full balance of plant, upgrade and service solutions as well as our data-leveraging software. Our innovative technologies and digital offerings help make power more affordable, reliable, accessible and sustainable.