Through simulation-led product development, Turbotech becomes first company to successfully run a scalable turboprop out of a cryogenic hydrogen tank / Key Highlights Leveraging Ansys simulation to validate its innovative design, Turbotech's hydrogen turbine propulsion system can operate with high efficiency and produce zero carbon emissions for light aviation Turbotech integrates Ansys across its designs — from component to system — creating a digital thread that drives significant time and cost savings when developing hydrogen propulsion systems Turbotech uses Ansys Fluent™ fluid simulation software to redesign turbine components for hydrogen, initially through the Ansys Startup Program PITTSBURGH , June 10, 2025 /PRNewswire/ -- Turbotech, a supplier of efficient and sustainable aviation solutions, is leveraging Ansys (NASDAQ: ANSS) simulation to deliver the first viable hydrogen-fueled turbine engine for small-scale passenger planes, vertical takeoff and landing (VTOL) vehicles, drones, and more. In partnership with the BeautHyFuel project, Turbotech is the first company to successfully demonstrate a hydrogen-fueled turboprop engine, emphasizing the crucial role of Ansys simulation in advancing next-generation technology.
Ansys (ANSS) reported earnings 30 days ago. What's next for the stock?
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
30 Jul 2025 (49 Days) Date | | 2.61 Cons. EPS | - EPS |
29 Apr 2025 Date | | 1.7 Cons. EPS | - EPS |
19 Feb 2025 Date | | 4.19 Cons. EPS | 4.44 EPS |
6 Nov 2024 Date | | 1.72 Cons. EPS | 2.58 EPS |
30 Oct 2024 Date | | 1.72 Cons. EPS | - EPS |
30 Jul 2025 (49 Days) Date | | 2.61 Cons. EPS | - EPS |
29 Apr 2025 Date | | 1.7 Cons. EPS | - EPS |
19 Feb 2025 Date | | 4.19 Cons. EPS | 4.44 EPS |
6 Nov 2024 Date | | 1.72 Cons. EPS | 2.58 EPS |
30 Oct 2024 Date | | 1.72 Cons. EPS | - EPS |
Software - Application Industry | Technology Sector | Dr. Ajei S. Gopal Ph.D. CEO | XHAN Exchange | US03662Q1058 ISIN |
US Country | 6,600 Employees | - Last Dividend | 5 Jun 2007 Last Split | 20 Jun 1996 IPO Date |
ANSYS, Inc. is a global leader in engineering simulation software, with an extensive portfolio aimed at providing solutions for engineers, designers, researchers, and students across various regions including the United States, Japan, Germany, China, Hong Kong, South Korea, Europe, the Middle East, and Africa. Founded in 1970 and headquartered in Canonsburg, Pennsylvania, ANSYS develops software that enables users to simulate and optimize design processes and manufacturing for a wide range of applications. Through its diverse and advanced product suites, ANSYS facilitates groundbreaking innovations in multiple sectors by drastically reducing the time and cost associated with traditional prototyping and testing.