ANSYS (ANSS) and Cummins Expand Collaboration

Cummins and Ansys (NASDAQ: ANSS) have entered into a definitive agreement to extend their long-standing engagement. The deal follows previous success in leveraging Ansys solutions, which enabled Cummins to accelerate product development times and save millions of dollars in development costs.

Operating at the forefront of innovation, Cummins engineers face new and highly complex engineering challenges. In the next phase of the partnership, Ansys and Cummins will collaborate to enhance the base capabilities of the Ansys suite, develop new tools and simulation workflows, and further implement artificial intelligence into the product development process.

"We've long invested in capability growth with Ansys on modeling and simulation for the key technologies used across our broad portfolio of power solutions," said Jonathan Wood, chief technical officer at Cummins. "A simulation-led approach to developing each of Cummins' products is key to continue advancing our Destination Zero strategy."

Destination Zero is the company's customer-driven, multi-solution approach that includes advancing the core business and developing new, zero-emissions solutions through Accelera™ by Cummins.

"Our longstanding collaboration with Cummins embodies Ansys' mission of powering innovation that drives human advancement," said Walt Hearn, senior vice president of worldwide sales and customer excellence at Ansys. "The zero-carbon future our planet needs will not materialize on its own; it calls for innovators to engineer it incrementally, with urgency and bold thinking. We're proud to play an important role in supporting Cummins' technology goals, and the valuable insights from this two-way engagement will address new and complex challenges brought forth by sustainable engineering."

You May Also Be Interested In

• Ferguson Enterprises to Join S&P 500; ADI Global Distribution to Join S&P SmallCap 600
• Paramount Skydance Corporation (PSKY) files mixed shelf
• Context Therapeutics gets Nasdaq minimum bid price deficiency notice