Da Vinci Project Gets Boost From New Sponsor In Quest
to Win the X Prize - ANSYS Inc. provides powerful
tools to build Canadian spacecraft - TORONTO, Ontario
- November 18, 2002 - In the quest to build the first
privately funded, reusable spacecraft, The da Vinci Project,
a Canadian entrant in the X PRIZE competition, received a boost
today from ANSYS Inc. (NASDAQ: ANSS), a global provider of simulation
ANSYS Inc. will sponsor the Canadian team by providing a broad
range of powerful engineering software tools for design simulation
and virtual prototyping. These applications - which involve FEA
(Finite Element Analysis) and CFD (Computational Fluid Dynamics)
-- are essential tools to substantially minimize costs and improve
time-to-market for aerospace designers and engineers.
"This sponsorship is strategic and valuable for the da Vinci
team," said Brian Feeney, Team Leader and Pilot. "ANSYS
has better equipped us to build our spacecraft from design to final-stage
testing and performance validation from the desktop."
The da Vinci Project began its vehicle development shortly after
the X PRIZE was announced in 1996, although the team officially
entered the competition in 2000. To date there have been two unmanned
flights tests of the full-scale rocket propulsion system and flight
qualification of the flight guidance system. Detailed engineering
and fabrication of the manned rocket is currently ongoing. Flight-testing
of the manned rocket is targeted in 2003.
"Brian Feeney and his da Vinci Project team are pioneers
helping to open the space frontier. Their X PRIZE team reflects
the true spirit of the competition," said Dr. Peter Diamandis,
Founder and Chairman. "We congratulate ANSYS for their vision
in supporting the da Vinci Project. This will give ANSYS global
recognition and an exciting platform to demonstrate their capabilities."
ANSYS of Canonsburg, Pennsylvania is considered a global innovator
of simulation software in the CAE industry, earning recognition
from prestigious media such as Forbes and BusinessWeek magazines.
For three consecutive years, the software developer has been recognized
as one of BusinessWeek's annual Hot Growth Companies, based on
its sales growth, earnings growth and return on invested capital.
"There is a natural fit between ANSYS and the da Vinci Project.
Both organizations are focused on breaking down barriers to build
a new future," said James E. Cashman III, President and Chief
Executive Officer, ANSYS Inc. "We're excited that our tools
will play a role in building a generation of spacecraft that will
revolutionize the travel and transportation industry."
To win the $10 million X PRIZE (www.xprize.org), a spacecraft
must be privately financed and constructed with the ability to
fly three people into space. It also must be reusable, flying twice
within a two-week period. The competition's goal, which has been
endorsed by leading space and aviation organizations around the
world, is to jump-start the commercialization of space, including
About the da Vinci Project
The da Vinci Project's aim of capturing the X Prize, the international “New
Race to Space®” is backed by a core of volunteers from
many walks of life and disciplines. Aerospace engineers, experts
in project management and finance contribute their time and expertise
towards the realization of the next step in Human discovery. The
da Vinci Project’s novel rocket design will be launched from
the world’s largest reusable helium balloon at an altitude
of 80,000 feet (24,400 meters). To learn more, visit www.davinciproject.com
About X PRIZE
The X PRIZE competition, the first-ever space-based incentive
competition, follows in the footsteps of more than 100 aviation
incentive prizes offered early last century, that created today's
$300 billion-dollar commercial air transport industry. The most
significant of these prizes was the Orteig Prize, won by Charles
Lindbergh for his 1927 flight from New York to Paris.
For additional information on the X PRIZE Foundation and Competition
and the more than 20 teams from around the world, visit the X PRIZE
Foundation on the web at www.xprize.org.
About ANSYS Inc.
founded in 1970 as Swanson Analysis Systems Inc., develops and
globally markets engineering simulation software and technologies
widely used by engineers and designers across a broad spectrum
of industries. The Company focuses on the development of open and
flexible solutions that enable users to analyze designs directly
on the desktop, providing a common platform for fast, efficient
and cost-conscious product development, from design concept to
final-stage testing and validation. Headquartered in Canonsburg,
Pennsylvania U.S.A with more than 18 strategic sales locations
throughout the world, ANSYS Inc. employs more than 400 people and
distributes its ANSYS®, DesignSpace®, AI*NASTRAN™,
and ICEM CFD suite of products through a network of channel partners
in 37 countries.
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