ANSYS, AVSimulation Partner To Propel ADAS Design Development
Zacks Investment Research | Jun 26, 2019 06:05AM ET
ANSYS, Inc. (NASDAQ:ANSS) recently entered into a strategic partnership with AVSimulation with an aim to enhance development of autonomous vehicles (AV). The integration of ANSYS' autonomous driving simulation capabilities with AVSimulation’s expertise simulation technology is expected to accelerate design development process.
The design and testing of high-performance chips for advanced driver assistance systems (ADAS) requires accomplishment of complex security standards which is expensive and time consuming. This is where ANSYS’ VRXPERIENCE which merges virtual reality (VR) capabilities with simulation comes in handy.
Per the terms of the latest deal, VRXPERIENCE will be embedded with AVSimulation's SCANeR Studio technology enabling design developers to simulate numerous driving scenarios. Markedly, the testing is enabled across high performance clusters or public cloud platforms, including Microsoft (NASDAQ:MSFT) Azure.
The integrated service is already enabling RENAULT’s design developers to accelerate testing and validation of automotive applications. The increasing adoption of ANSYS’ offerings is expected to strengthen the company’s presence in the simulation software market.
Moreover, an expanding customer base is instilling confidence in the stock. Notably, shares of ANSYS have returned 37.4% year to date, significantly outperforming the Zacks Investment Research
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