Following the acquisition, Zurich will make a capital injection of up to USD172m into MAAB
to help the company comply with local capital requirements, according to a related report by Dow Jones.
The MathWorks today announced that its Simulink Verification and Validation software automatically evaluates and verifies system models for compliance with DO-178B and IEC-61508 standards and MAAB modeling guidelines, which have been extensively adopted by international aerospace, automotive, and industrial equipment markets, among others.
Simulink Verification and Validation includes modeling-standards checks for DO-178B, IEC-61508, and MAAB modeling standards that are applied by the Model Advisor feature in Simulink.
Now, engineers can use the same tools to ensure that their models meet the DO-178B, IEC-61508, and MAAB standards for data types, diagnostics, code generation, and safety, without having to spend critical staff-hours on repetitive manual review work.
The willingness of the automotive industry to join forces in extending the MAAB
guidelines is a testament to the powerful and diverse benefits realized with Model-Based Design, including faster time to market, greater design predictability, improved communication with development partners, and overall cost efficiency.
MAAB was formed in 1998 at the request of leading automotive manufacturers that use MathWorks tools to develop, simulate, and deploy real-time embedded control systems.
Our automotive customers recognize the fundamental role The MathWorks plays in their industry and are taking full advantage of MAAB as a forum to express their common needs.