On July 11, on the first day of the Farnborough International Airshow 2016 Progresstech and Altair, the US software developing company signed a Memorandum of Understanding under which Progresstech will become the official partner in Russia and the Commonwealth of Independent States (CIS) to promote the HyperWorks Suite CAE platform Altair has developed for designing in various industries, including aerospace.

The terms of the partnership also include the promotion of Altair's solidThinking products and the introduction and promotion of Altair’s methods for lead time reduction and weight optimization.

The Memorandum of Understanding was signed by Ekaterina Vasilieva, Vice President International Cooperation, Progresstech Group and Dr. Pietro Cervellera, Managing Director, Altair Engineering GmbH

“We are very happy to include the Altair’s solutions in our portfolio and to work with their methods,” said Ekaterina Vasilieva mentioning that Progresstech was planning to include the Altair software as the primary tool enhancing its engineering processes, and such product promotion activity in our region would help Progresstech to reach and support new customers.

Commenting the deal Dr. Pietro Cervellera said that the Progresstech expertise and regional presence would help the American company, who has no direct local office in Russia, to establish the use of its products in the Russian and related region's commercial and educational markets.