Source: Marketscreener

Thales: Thales and Michelin Drive Software Revenue Growth with Innovative Simulation Software

Thales announced it is working in partnership with Michelin to protect its Intellectual Property and deploy its software to customers around the world, with the Sentinel Software Monetization Platform. Michelin, one of the largest, oldest and most respected tyre manufacturers in the world--known for fitting physical tyres for everything from bicycles to space shuttles--is now transitioning to software-led revenue. TameTire is one example of Michelin's software offer that allows car manufacturers and motorsports teams to simplify real-world tyre performance to a high level of accuracy. Using complex algorithms, TameTire predicts tyre behaviours in reaction to various forces, torques and temperatures to help manufacturers produce better-handling car models at reduced costs, as well as allowing motorsports teams to test and fine-tune their vehicle setups in a more convenient and safer environment. TameTire is just one of several simulation products that Michelin deploys and protects using Thales Sentinel. Other include Canopy, which provides laptime simulation, vehicle modelling and setup exploration in record time, using the power of cloud computing and a proprietary collocation solver; and SiMiX, an initiative that provides datasets for vehicle manufacturers, racing teams and automotive supply chain organizations covering components, such as tyres, chassis and suspensions. Thales announced it is working in partnership with Michelin to protect its Intellectual Property and deploy its software to customers around the world, with the Sentinel Software Monetization Platform. Michelin, one of the largest, oldest and most respected tyre manufacturers in the world--known for fitting physical tyres for everything from bicycles to space shuttles--is now transitioning to software-led revenue. TameTire is one example of Michelin's software offer that allows car manufacturers and motorsports teams to simplify real-world tyre performance to a high level of accuracy. Using complex algorithms, TameTire predicts tyre behaviours in reaction to various forces, torques and temperatures to help manufacturers produce better-handling car models at reduced costs, as well as allowing motorsports teams to test and fine-tune their vehicle setups in a more convenient and safer environment. TameTire is just one of several simulation products that Michelin deploys and protects using Thales Sentinel. Other include Canopy, which provides laptime simulation, vehicle modelling and setup exploration in record time, using the power of cloud computing and a proprietary collocation solver; and SiMiX, an initiative that provides datasets for vehicle manufacturers, racing teams and automotive supply chain organizations covering components, such as tyres, chassis and suspensions.

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Annual Revenue
$10-50B
Employees
50-100K
Patrice Caine's photo - Chairman & CEO of Thales

Chairman & CEO

Patrice Caine

CEO Approval Rating

84/100

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