Ansys supports LG Electronics to advance its sustainability and digital transformation efforts
PITTSBURGH, February 17, 2022 /PRNewswire/ —
/ Highlights
Ansys and LG Electronics executives met at CES 2022 to discuss the companies’ strategic partnership to improve sustainability and digital transformation. From left to right, Sangkook Kim (Team Leader, LGE), Daehwa Jeong (Executive Vice President, Production engineering Research Institute, LGE), Prith Banerjee (CTO, Ansys), Kyunggu Kim (Division Leader, LGE) and Jungeui Hong (Strategic account manager, Ansys).
- Ansys’ best simulation solutions will help LG develop its next-generation technologies with a focus on sustainability and digital transformation
- Ansys and LG Electronics to Enter New Multi-Year Corporate License Agreement That Will Lead Collaborative Innovation Fueled by Simulation-Based Research and Development (R&D)
Ansys (NASDAQ:ANSS) provides simulation solutions to LG Electronics to help strengthen its sustainability and digital transformation efforts by integrating computer-aided engineering (CAE)-based virtual R&D simulations into early stages of product development. Integration will increase engineering and product efficiency while reducing development time, the need for physical prototyping, and associated costs. The collaboration will be supported by a new five-year Enterprise License Agreement, which provides LG Electronics with continued access to Ansys’ leading simulation solutions, building on a longstanding relationship and previous agreement. .
Ansys’ simulation solutions will help LG accelerate and optimize product development in its core technologies and sectors such as healthcare, sensors, equipment and materials, which are major technology areas for the digital transformation of LG Electronics. For example, Ansys’ virtual model capable of 1D-3D coupling can help LG Electronics develop the dynamic characteristics of the compressor, a core module of household appliances, which expands design options. Additionally, with more than 95% predictive accuracy on performance, Ansys’ simulation solutions enabled resource-efficient production that streamlined product development in a more sustainable way by dramatically reducing material usage, costs and multiple redesigns.
“With proactive support from Ansys, we can streamline workflows and introduce high-quality next-generation products faster than expected,” said Daehwa Jeong, Executive Vice President and Head of PRI (Production engineering Research Institute ) at LG Electronics. “We are confident in our shared growth opportunities and look forward to future developments. Equally important, we will reduce our carbon footprint and drive digital transformation forward.”
“By applying Ansys’ advanced CAE and simulation solutions, including artificial intelligence/machine learning (AI/ML), high-performance computing, digital twins, optics, and healthcare, Ansys will help undoubtedly LG Electronics to advance product development, while supporting sustainability and digital transformation,” said Prith Banerjee, chief technology officer at Ansys. “Any collaboration between LG Electronics and Ansys – whether creative, strategic or technological – is inspired, timely and a win-win for both companies.”
The partnership with LG Electronics proved its impact during the pandemic, as Ansys provided LG Electronics engineers with access to the Ansys Learning Center to virtually gain critical simulation training while in-person contact and on-site resources were stretched. limits. Under the new agreement, the companies will develop collaborative innovation through joint technology seminars, conferences and other opportunities.
/ About Ansys
If you’ve ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, walked across a bridge, or put on wearable technology, chances are you’ve used a product where Ansys software played a vital role in its creation. Ansys is the world leader in engineering simulation. Through our pervasive engineering simulation strategy, we help the world’s most innovative companies bring radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, PennsylvaniaUnited States Visit www.ansys.com for more information.
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