TROY, Mich. – February 05, 2010 – Altair (www.altair.com ), a global provider of technology and services empowering client innovation and decision making, today announced the addition to its HyperWorks Enabled Community (HWEC) of Moldex3D by CoreTech System Co., Ltd., a developer of professional CAE analysis solutions for the plastic injection molding industry. HyperWorks users can now download the latest version of Moldex3D from the HWEC website at www.hyperworkscommunity.com and use Moldex3D at no incremental cost through their existing HyperWorks software license system. To date, over 295 companies worldwide have joined the HyperWorks Enabled Community.

“CoreTech System is very happy to join Altair’s HyperWorks Partner Program to offer its leading true 3D plastics injection molding solutions, Moldex3D, to Altair’s global customer base,” said Venny Yang, President of CoreTech System. “By leveraging the mutual strengths of HyperWorks and Moldex3D, Altair customers can obtain high quality simulation results efficiently and effectively without any additional cost. Manufacturing companies will be able to simulate the most advanced processes to optimize their product design and manufacturability and maximize their return on investment.“

Moldex3D is a leading CAE product for the plastics injection molding industry. With advanced analysis technology, Moldex3D provides in-depth simulation of a wide application range of injection molding processes to optimize product design and manufacturability, shorten time-to-market, and maximize product ROI. Among the Moldex3D product lines, eDesign is suite of tools that allows users to simulate parts and mold designs before manufacturing begins and Solid/Shell is a complete series of advanced engineering simulation tools for in-depth analysis and optimization of the most advanced molding processes.

“Altair is excited about this new partnership with Moldex3D; it extends our portfolio of solutions, providing our customers with an easy to use, robust and cost effective CAE technology for plastics injection molding”, said Martin Nichols, Executive Vice President of Altair’s Global Partner Programs. “The addition of Moldex3D into the HWEC demonstrates our continued commitment to providing our HyperWorks users with innovative technologies to increased flexibility shorten the product development process and save money.

HyperWorks is a suite of enterprise analytic applications that includes statistical, database, visualization and simulation software to help companies make better business decisions. Its patented HyperWorks Units licensing technology allows users to transparently share software licenses globally across a broad suite of applications.

The partnership with CoreTech System brings the total number of applications available under the HyperWorks platform to 55 including 27 third-party software applications such as Moldex3D. These applications enable users to maximize their current investment in HyperWorks licenses by giving their engineers and designers flexible access to a growing pool of leading technology solutions.

About CoreTech System Co., Ltd.

Since CoreTech System Co., Ltd. (Moldex3D) was founded in 1995. It has provided the professional CAE analysis solution “Moldex” series for the plastic injection molding industry, and the current product “Moldex3D” is marketed worldwide. Committed to provide the advanced technologies and solution for industrial demands, CoreTech has extended the worldwide sales and service network to provide local, immediate, and professional service. Nowadays, CoreTech presents the innovation technology, which helps customers to troubleshoot from product design to development, to optimize design pattern, to shorten time-to-market, and maximize product ROI. To learn more, please visit www.moldex3d.com 

About Altair

Altair Engineering, Inc. empowers client innovation and decision-making through technology that optimizes the analysis, management and visualization of business and engineering information. Privately held with more than 1,300 employees, Altair has offices throughout North America, South America, Europe and Asia/Pacific. With a 20-year-plus track record for product design, advanced engineering software and grid computing technologies, Altair consistently delivers a competitive advantage to customers in a broad range of industries. To learn more, please visit www.altair.com .

About the HyperWorks Enabled Community Program

HyperWorks uses a subscription-based software licensing model, where software licenses float across the enterprise, and customers can use floating licenses to access a broad suite of Altair developed and third party software applications. Customers benefit from unmatched flexibility and access, resulting in maximum software utilization, productivity and ROI. For more information about the HyperWorks Enabled Partner Program, visit www.hyperworkscommunity.com.