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Altair Engineering Appoints Business Development Manager to Manage Growing China Manufacturing Interests

TROY, Mich., May 27, 2004 - Altair Engineering, a global leader in product design development, engineering software and grid computing technology, announced the promotion of Molly Hong to China business development manager. This new position was created to support growing client manufacturing interests in China and Altair’s expanding Shanghai operations.



According to Mike Heskitt, Altair vice president, product design and development business line, "This new position reflects the dramatic rise in clients partnering with Altair to reduce the cost of manufactured products by leveraging favorable labor markets like China."



"Ms. Hong was the obvious choice as she brings more than a decade of experience in manufacturing and strong business relationships with leading manufacturers in China," he added.



Ms. Hong’s responsibilities will include managing Altair’s manufacturing outsourcing to China, in which she will identify, qualify and coordinate manufacturing sources in China that specialize in particular manufacturing methods. In addition, she will work closely with Altair’s Shanghai office to support offshore engineering programs and related business activities.



For the past four years, Ms. Hong has served as a lead product design engineer for the company’s product design and development business line. Prior to joining Altair in 2000, she worked in product design and manufacturing engineering with First Auto Works and Changchun Institute in China.



Ms. Hong holds Master of Science degrees in both manufacturing engineering from Jilin University in China and mechanical engineering from Wayne State University in Detroit.



"With Altair’s worldwide network of offices, expertise in design and engineering, along with experience in developing reliable Chinese manufacturing sources, the company offers a distinct advantage to customers considering offshore manufacturing," Ms. Hong says.



"Altair’s knowledge of Chinese business practices and international engineering standards minimizes the risks for customers who are seeking a competitive advantage by outsourcing to China."





About Altair Engineering

Through product design consulting, advanced engineering software and high performance computing technologies, Altair Engineering increases innovation for clients around the globe. Founded in 1985 and privately held with offices throughout 11 countries, Altair's unparalleled knowledge and expertise in product development and manufacturing extend throughout North America, Europe and Asia. As the developer of Altair® HyperWorks® - The Engineering Framework for Product DesignTM, Altair is the leading provider of high-end, open CAE software solutions for modeling, visualization, optimization and process automation. The company’s grid computing software, PBS ProTM, is a workload management solution for high performance computing environments, LINUX clusters and desktop cycle harvesting that delivers an ROI within one year. For detailed information about Altair, visit www.altair.com .

Michael Kidder

Altair Engineering, Inc.

(248) 614-2400, ext. 269

mkidder@altair.com

Barrett Kalellis

Marx Layne & Co.

(248) 855-6777

bkalellis@marxlayne.com