Profile: Exa Corp (EXA.OQ)
21 Nov 2014
Exa Corporation (Exa), incorporated on March 18, 1998, is engaged in developing, selling and supporting simulation software and services that vehicle manufacturer’s use. The Company’s solutions enable engineers and designers to augment or replace conventional methods of evaluating designs that rely on expensive and inefficient physical prototypes and test facilities with accurate digital simulations. The Company is primarily focused on the ground transportation market, but is also beginning to focus in the aerospace, oil and gas production, chemical processing, architecture, engineering and construction, power generation, biomedical and electronics industries. The Company’s product, PowerFLOW, is a software solution for fluid flow problems, including aerodynamics, thermal management, and aeroacoustics, or wind noise. PowerFLOW relies upon its technology Digital Physics, which is based on algorithms known as the lattice Boltzmann method. Exa focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
Over 90 manufacturers utilizes its products and services, including 15 passenger vehicle manufacturer groups, such as BMW, Ford, Hyundai, Jaguar Land Rover, Nissan, Porsche, Renault, Toyota and Volkswagen/Porsche; truck and off-highway vehicle manufacturers, such as AGCO, Hyundai, Kenworth, Kobelco, MAN, Peterbilt, Scania and Volvo, and suppliers to these manufacturers, such as Cummins, Denso and Magna Steyr. PowerFLOW is built on its Digital Physics technology. The Company derives its revenue primarily from the sale of its simulation software, using an annual capacity-based licensing model.
55 Network Drive
BURLINGTON MA 1803