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Accelerating innovation in eco-friendly marine engine development with AI-powered engineering
TROY, Mich., May 21, 2025 /PRNewswire/ -- Altair, a global leader in computational intelligence, has signed a strategic memorandum of understanding (MoU) with the Engine Research Institute at HD Hyundai Heavy Industries to enhance the performance of eco-friendly marine engines and power AI-driven development initiatives.
"This collaboration goes beyond technology development—it is a strategic partnership to shape the future of marine engine development," said Pietro Cervellera, senior vice president of aerospace and defense, Altair. "By combining Altair's global technological capabilities with HD Hyundai Heavy Industries' expertise in eco-friendly marine engines, we aim to set a new standard for sustainable engine and machinery business."
Altair was recently acquired by Siemens, a global leader in industrial software, to extend its leadership in simulation and industrial artificial intelligence. Altair technology is being integrated with the Siemens Xcelerator portfolio.
Sungchan An, Ph.D., vice president and head of the Engine Research Institute, HD Hyundai Heavy Industries, stated, "HD Hyundai Heavy Industries and Altair have continuously collaborated on the development of simulation technologies for high-quality HiMSEN engine designs. With Altair now part of Siemens, the development of next-generation engine design technologies—such as virtual product development and AI-based engine simulation—is expected to further accelerate."
This partnership comes in response to increasingly stringent environmental regulations in the global shipping industry. As digital transformation and technology advancement become critical in shipbuilding, Altair and HD Hyundai Heavy Industries will work together to strengthen innovation through simulation and AI technologies for eco-friendly marine engine development.
Under the agreement, Altair and HD Hyundai Heavy Industries will collaborate to:
- Develop simulation platforms for eco-friendly marine engine design and optimization
- Utilize AI-powered technologies for improving engine performance
- Conduct predictive maintenance and diagnostics capabilities
- Enhance engine safety through AI-based visualization technologies
Altair has proven its technological expertise in simulation-driven design and AI-powered predictive analytics through collaborations with major shipbuilders worldwide. With this collaboration, Altair will actively support HD Hyundai Heavy Industries in advancing eco-friendly marine engines and delivering tangible results in areas such as design efficiency, reduced development cycles, and performance enhancement. Altair is expected to contribute meaningfully to improvements in design efficiency, shorter development cycles, and enhanced performance by leveraging synergies with Siemens' industrial software technologies.
Altair continues to expand the application of its solutions across various industries by combining its AI and simulation expertise with Siemens' industrial software technologies following the acquisition.
To learn more about Altair, visit https://altair.com. To learn more about HD Hyundai Heavy Industries, visit https://english.hhi.co.kr/.
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 is part of Siemens Digital Industries Software. To learn more, please visit www.altair.com or sw.siemens.com.
About HD Hyundai Heavy Industries (HHI)
Under its parent company HD Hyundai, HD Hyundai Heavy Industries (HHI) is leading the global shipbuilding and offshore engineering industry, delivering sustainable and efficient products that meet the world-class standards. Owning the world single largest shipyard and world's largest marine engine maker, HHI has built a strong reputation over its 50-year history for delivering world-leading commercial and naval vessels, along with complex EPC projects that require precision and reliability. To learn more, please visit http://english.hhi.co.kr/ or https://www.hd.com/en/main.
Accelerating innovation in eco-friendly marine engine development with AI-powered engineering
TROY, Mich., May 21, 2025 /PRNewswire/ -- Altair, a global leader in computational intelligence, has signed a strategic memorandum of understanding (MoU) with the Engine Research Institute at HD Hyundai Heavy Industries to enhance the performance of eco-friendly marine engines and power AI-driven development initiatives.
"This collaboration goes beyond technology development—it is a strategic partnership to shape the future of marine engine development," said Pietro Cervellera, senior vice president of aerospace and defense, Altair. "By combining Altair's global technological capabilities with HD Hyundai Heavy Industries' expertise in eco-friendly marine engines, we aim to set a new standard for sustainable engine and machinery business."
Altair was recently acquired by Siemens, a global leader in industrial software, to extend its leadership in simulation and industrial artificial intelligence. Altair technology is being integrated with the Siemens Xcelerator portfolio.
Sungchan An, Ph.D., vice president and head of the Engine Research Institute, HD Hyundai Heavy Industries, stated, "HD Hyundai Heavy Industries and Altair have continuously collaborated on the development of simulation technologies for high-quality HiMSEN engine designs. With Altair now part of Siemens, the development of next-generation engine design technologies—such as virtual product development and AI-based engine simulation—is expected to further accelerate."
This partnership comes in response to increasingly stringent environmental regulations in the global shipping industry. As digital transformation and technology advancement become critical in shipbuilding, Altair and HD Hyundai Heavy Industries will work together to strengthen innovation through simulation and AI technologies for eco-friendly marine engine development.
Under the agreement, Altair and HD Hyundai Heavy Industries will collaborate to:
- Develop simulation platforms for eco-friendly marine engine design and optimization
- Utilize AI-powered technologies for improving engine performance
- Conduct predictive maintenance and diagnostics capabilities
- Enhance engine safety through AI-based visualization technologies
Altair has proven its technological expertise in simulation-driven design and AI-powered predictive analytics through collaborations with major shipbuilders worldwide. With this collaboration, Altair will actively support HD Hyundai Heavy Industries in advancing eco-friendly marine engines and delivering tangible results in areas such as design efficiency, reduced development cycles, and performance enhancement. Altair is expected to contribute meaningfully to improvements in design efficiency, shorter development cycles, and enhanced performance by leveraging synergies with Siemens' industrial software technologies.
Altair continues to expand the application of its solutions across various industries by combining its AI and simulation expertise with Siemens' industrial software technologies following the acquisition.
To learn more about Altair, visit https://altair.com. To learn more about HD Hyundai Heavy Industries, visit https://english.hhi.co.kr/.
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 is part of Siemens Digital Industries Software. To learn more, please visit www.altair.com or sw.siemens.com.
About HD Hyundai Heavy Industries (HHI)
Under its parent company HD Hyundai, HD Hyundai Heavy Industries (HHI) is leading the global shipbuilding and offshore engineering industry, delivering sustainable and efficient products that meet the world-class standards. Owning the world single largest shipyard and world's largest marine engine maker, HHI has built a strong reputation over its 50-year history for delivering world-leading commercial and naval vessels, along with complex EPC projects that require precision and reliability. To learn more, please visit http://english.hhi.co.kr/ or https://www.hd.com/en/main.
Media contacts
Altair Corporate
Bridget Hagan
+1.216.769.2658
corp-newsroom@altair.com
Altair Europe/The Middle East/Africa
Altair Asia-Pacific
Louise Wilce
Man Wang
+44 (0)7392 437 635
86-21-5016635,825
emea-newsroom@altair.com
apac-newsroom@altair.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Altair and HD Hyundai Heavy Industries Sign MoU to Advance Eco-Friendly Marine Engine Development Technologies with AI and Simulation
SYDNEY, Jan. 13, 2026 /PRNewswire/ -- ETO Markets, a globally recognized trading platform, has secured a financial services license from the Financial Services Commission of Mauritius (Mauritius FSC, License No. C119023893). This regulatory authorization reinforces the company's commitment to transparency, investor protection, and high operational standards across international markets.
A Milestone in Global Compliance
The Mauritius FSC license represents a meaningful enhancement to ETO Markets' global regulatory framework, strengthening its position as a trusted international financial services provider. Headquartered in Australia, ETO Markets is recognized for delivering secure, innovative, and client-focused trading solutions across multiple jurisdictions. This authorization complements its existing licenses from the Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Authority (FSA). It further extends ETO Markets' regulatory footprint, enhancing its ability to serve a rapidly growing global client base.
Strengthening Client Protection Through Global Compliance
Established in 2001, the Mauritius FSC is known for its stringent regulatory standards that prioritize investor protection and market stability. Together with oversight from Australia ASIC and Seychelles FSA, this license underscores ETO Markets' dedication to global best practices and high compliance standards. Clients can trade with confidence, knowing that ETO Markets ensures transparency, maintains segregated client funds, and provides robust dispute resolution mechanisms to safeguard their interests.
Strategic Positioning in a Global Financial Hub
Mauritius is recognized as a premier international financial center, bridging Africa and Asia and serving as a gateway for global investment flows. By establishing a licensed entity under the Mauritius FSC, ETO Markets strengthens its strategic presence in the region, leveraging Mauritius' favorable regulatory environment to expand its global reach and better serve a diverse international clientele.
Empowering Traders with Intelligent Trading Solutions
ETO Markets remains focused on integrating intelligent, technology-driven tools into its trading infrastructure. Through advanced infrastructure, ultra-fast execution, and robust risk management tools, ETO Markets continues to integrate AI-powered innovations into its platforms, reinforcing its mission to redefine trading efficiency and transparency across global markets.
About ETO Markets
ETO Markets is a leading financial services platform, regulated across multiple jurisdictions, including Australia ASIC, Seychelles FSA, and Mauritius FSC. Serving clients in over 120 countries, it provides seamless access to a wide range of asset classes. With ultra-low spreads, competitive leverage, and a commitment to regulatory excellence, ETO Markets delivers intelligent, technology-enhanced trading experiences under the highest global standards.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
ETO Markets Strengthens Global Compliance Framework with Mauritius FSC License
