Altair's technology and Jetzero's unique blend wing plane unite to rebuild the future of aviation
Troy, Michigan, March 20, 2025 /PRNewswire/-Altair (NASDAQ:ALTR) and Jetzero, a company dedicated to developing the world's first commercial blendwing plane, have joined forces to promote the next generation of aerospace innovation. Blendwing planes promise to deliver fuel efficiency, greater range, lighter and more aerodynamic design than traditional passenger aircraft. With its plane-only design, Jetzero estimates that fuel consumption and associated emissions have been reduced by up to 50%. Jetzero leverages part of the Altair® FlightStreamâ “Altair® HyperWorks® Design and Simulation Platform” to run advanced computational fluid dynamics (CFD) simulations, reducing computational costs, streamlining innovation and time to the market.
“Altair is pleased that Jetzero, a true pioneer in today's aerospace world, is leveraging our simulations and AI technology to drive limiting plane designs,” said Pietro Cervellella, senior vice president of aerospace and defense at Altair. “Jetzero's vision is to rebuild aviation to guide a more efficient and more sustainable aerospace industry. We share this same vision. Today, there is no better technology portfolio to accelerate, reduce complexity and expand aerospace design than Altair.”
“Jetzero uses Altair Technology because it helps us fulfill our mission to make the biggest aviation leap since the dawn of the jet age,” said Tom O'Leary, co-founder and CEO of Jetzero. “With FlightStream and other tools within the Altair portfolio, our teams can run simulations on large, accelerated time frames and need to transform the industry with simplicity. Z4 planes are inevitable, and Altair can help shape the future of aviation.”
Altair Solutions helps the gap between Jetzero Bridge bridge bridge High-Fichity CFD simulation and engineering, enabling Jetzero to solve conceptual and preliminary design challenges with aerodynamic surfaces and structures faster and more efficiently than other solvers. FlightStream's unparalleled calculation speed and low hardware footprint – combined with a streamlined user interface and robust aerodynamic solver, it makes a valuable tool for rapid early stage design iterations and detailed aerodynamic research.
Jetzero is also a member of the Altair Aerospace Startup Acceleration Program (ASAP). As soon as possible, Jetzero gains affordable and flexible access across Altair's portfolio of simulation, data analysis, and artificial intelligence (AI) tools, including solutions for conducting interior noise research.
Blended wing aircraft differ from traditional tube and wing designs in that the aircraft wings are blended seamlessly with the body, allowing all body surfaces to produce lift and minimize drag. The wider body also increases the interior space, enhancing the passenger experience and maximizes the payload of cargo ship variants. The mixing wing body is a more efficient construction, reducing weight and noise compared to traditional aircraft designs. With the engine mounted on the top back, engine noise is directed upwards during takeoff and landing, reducing noise in the community adjacent to the airport. Jetzero is expected to achieve its first full-scale flight of design in 2027.
For more information about Altair, please visit https://altair.com/. For more information about Jetzero, please visit https://www.jetzero.aero/.
About Jetzero
Jetzero is developing the world's first commercial mixed-wing body plane. With fuel burning up to 50% lower than existing commercial airliners, Jetzero's Z4 delivers 200-290 passenger aircraft with a 5,000 nautical miles range for the high-demand mid-market, providing a clear pathway while reducing carbon footprint. Working with the US Air Force, NASA and FAA, it is supported by decades of investment and research, and in Bledend Wing Technology's research, Jetzero is about to enter commercial services in 2030.
About Altair
Altair is a global leader in computing intelligence providing software and cloud solutions in simulation, high performance computing (HPC), data analytics, and AI. Altair allows organizations from all industries to compete more effectively and drive smarter decisions in an increasingly connected world.
Media Contact
Altair Corporate
Altair Investor Relations
Bridget Hargan
Stephen Palm Tag
+1.216.769.2658
+1.69.328.9111
corp-newsroom@altair.com
ir@altair.com
Altair Europe/Middle East/Africa
Altair Asia-Pacific
Louise Willse
The man's king
+44(0)7392 437 635
86-21-5016635, 825
emea-newsroom@altair.com
apac-newsroom@altair.com
Jetzero
Jenny Durbin
+1 (347) 419-1185
jenny.dervin@jetzero.aero
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Altair and Jetzero join forces to drive aerospace innovation
Altair and Jetzero join forces to drive aerospace innovation
Madrid, March 20, 2025 /PRNewswire/-LTP, LTP, a prime brokerage of a major institution specializing in the digital asset market, today announced the full acquisition of Turing Capital Brokerage ('TCB'), a Spanish brokerage firm authorized by the Bank of Spain to operate as a market for the Bank of Spain to provide Crite-Asset (MICA) facilities. European Union publishers and service providers.
TCB is a subsidiary of Turing Capital, a digital asset investment company founded by serial entrepreneurs and longtime crypto investors Jorge Schnura and Javier Garay. They founded the TCB with Leopoldo Moreno de la Cova Ibarra.
With this strategic acquisition, LTP will expand its presence to the European market while offering a fully compliant digital asset brokerage service under the MICA framework. With the TCB's established regulatory position and a deep understanding of the European digital assets ecosystem, LTP aims to expand its service delivery, providing institutional clients with access to a seamless, regulated crypto market.
For TCB, now renamed Liquidity Technology SL (“LTP Spain”), the acquisition offers the opportunity to leverage LTP's advanced technology infrastructure, deep liquidity networks and global client base. This collaboration will allow LTP Spain to expand operations, improve execution efficiency, and expand service capabilities to European and later institutional clients.
As part of the acquisition, Leopoldo Moreno de la Cova Ibarra will assume the role of head of Spanish LTP. His leadership and deep knowledge of the European digital assets market will help drive expansion in this region of LTP Spain. Jorge Shunura continues to advise LTP Spain.
The partnership seeks to bridge the gap between traditional financial and digital assets and promote innovation while ensuring compliance with the latest European regulatory standards. By integrating LTP Spain's local expertise with LTP's global infrastructure, the two companies aim to create a safer, transparent and efficient trading environment for institutional investors.
“This acquisition is a key step in our mission to provide globally regulated, institutional grade digital asset services with adaptability compliant with LTP Spain MICA and deep-rooted expertise in the European market.
The acquisition highlights LTP's commitment to regulatory compliance and innovation in the evolving digital asset landscape, and strengthens its position as a trusted prime brokerage partner for institutions navigating the complexities of digital finance.
**Press release content is from PR Newswire. Bastille Post is not involved in its creation. **
LTP expands in Europe and acquires Spanish cryptocurrency Turing Capital Brokerage
