Exa Corporation and Porsche AG Sign Multi-Year Partnership Agreement

Burlington, MA - Exa® Corporation, a global innovator of simulation solutions for vehicle product engineering, today announced that it has renewed and extended its technical and commercial partnership with Porsche AG of Weissach, Germany for two more years. This partnership enables Porsche to continue their advanced engineering process utilizing Exa's PowerFLOW®.

Over the past few years, Porsche engineers have implemented Exa’s suite of software tools for extensive engineering applications including: external aerodynamics, engine cooling, thermal protection and convective cooling. In anticipation of accelerated adoption of additional Exa applications, Porsche has extended its partnership with Exa to formalize a systematic simulation process for future car projects. New simulation applications such asaeroacoustic wind noise and brake cooling will also be incorporated into the Porsche digital design process.

"Exa, with its simulation tools, meets our extremely demanding needs in an almost perfect way and provides a strong and professional team to improve and develop the software tools in a future direction which matches our strategy and vision to the oncoming engineering challenges," remarked Armin Mueller, Head of Innovation and Concepts at Porsche AG. "Our partnership with Exa includes a novel business model that gives our engineers the necessary scale of access to their technology, enabling it to be a core piece of our product development process. Exa has been working together with Porsche to unlock the potential of true digital development, to enable us to fully be able to realize the benefits of a 'front-loaded engineering' process. Porsche and Exa share a common view on the remarkable impact that engineering simulation can make on an entire design and development process."

Jean-Paul Roux, Exa's President of European Operations commented, "We are honored by Porsche's decision to renew our partnership agreement--they have been a driving customer for Exa and share our vision. Porsche has committed to continued collaboration with Exa's development team, providing guidance and feedback on product plans as well as conveying relevant automotive industry issues, ensuring that future Exa solutions meet the needs of the automotive industry."