New Customers, Strategic Partnerships, Product
Enhancements Set the Stage for Continued Success in
2024
BURLINGTON, Mass., Feb. 5, 2024 /PRNewswire/ -- ETQ, part of
Hexagon, today announced that it achieved significant growth in the
fourth quarter of 2023, helping a growing base of customers meet
their enterprise-wide quality goals and boost efficiency, safety
and productivity through the use of ETQ Reliance® quality
management system (QMS). The company also announced strategic
partnerships that expand the impact of optimal quality across the
enterprise, as well as participation in industry events to help
shape the future of data-driven quality.
"Throughout 2023, a year that saw a record number of product
recalls, manufacturers were focused on producing higher-quality
products, reducing the cost of poor product quality and ensuring
they could meet evolving compliance and quality standards at
scale," said Vick Vaishnavi, CEO,
ETQ. "We are honored to partner with leading manufacturers across a
wide range of industries to help them find ways to leverage optimal
product quality as a business advantage and achieve these
organizational goals by driving excellence through quality."
Expanded Customer Base
In the fourth quarter of 2023 customers around the world chose
ETQ Reliance® to automate their quality processes, improve
operational efficiencies and significantly improve their quality
outcomes. New customers selected ETQ to solve key challenges in
their quality environments, from reducing the cost of poor quality
and ensuring compliance at scale to speeding time to market and
gaining deeper control over supplier quality. New customers came to
ETQ from key industries such as food and beverage, manufacturing,
electronics, pharmaceutical, medical devices and energy. Select new
customers include: Ascential Technologies, Horizon Organic Dairy,
Hawkins, Inc., Natural Fiber Welding, Helvoil, Kinematics and
Wheeler Fleet Solutions.
ETQ also expanded the scope of ETQ Reliance within its existing
customer base, enabling them to benefit from new features and
capabilities that give them greater visibility enterprise-wide,
greater decision velocity and reduced risk and costs associated
with poor quality. A selection of these companies
includes Lixil Group, Terumo Medical, Rheem, GE Aviation,
Kalsec, Inspire Medical Systems and Cosmo Pharmaceuticals.
Strategic Industry Partnerships
- Augmentir — During the quarter, ETQ strengthened its connected
worker strategy by partnering with Augmentir, a leading connected
worker solution provider. By integrating ETQ Reliance quality
management system (QMS) with Augmentir's connected worker platform,
the two companies can now provide customers with a holistic
connected worker quality solution that automates workflows between
frontline workers on the factory floor and quality management
teams.
- Infor — ETQ also formed a strategic partnership with Infor, a
global leader in business cloud software, to strengthen its ability
to manage compliance, reduce risk and achieve operational
excellence in the food and beverage, life sciences, chemicals,
fashion and distribution enterprises.
Industry Recognition
In late 2023, ETQ was named a Top Software & Tech award
recipient by Food Logistics and Supply & Demand
Chain Executive, two of the leading publications covering the
global supply chain. The annual award honors software and
technology providers that ensure a safe, efficient and reliable
supply chain.
On National Manufacturing Day in October
2023 and World Quality Day in November, ETQ honored quality
champions - from the warehouse worker to engineers, designers,
project managers and transportation providers – who are committed
to creating quality products and economic drivers in the U.S. and
around the world.
ETQ also expanded its exposure and recognition through its
participation in the 2023 Quality Show. At the event, it showcased
ETQ Reliance® NXG, its industry leading cloud-native solution that
helps companies build and maintain a safe, cost-effective,
high-quality global supply chain and ensure resiliency by
automating manufacturing and quality processes, ensuring regulatory
compliance, empowering frontline workers, and protecting the safety
of consumers.
About ETQ
ETQ, part of Hexagon, is a leading provider
of integrated quality management, health, safety, and environmental
solutions for manufacturers. Firms around the world rely on ETQ to
ensure optimal quality at scale, reduce costs and improve the
velocity of data-driven decisions. Learn more at etq.com.
Hexagon is a global leader in digital reality solutions,
combining sensor, software and autonomous technologies. Hexagon
(Nasdaq Stockholm: HEXA B) has approximately 24,000 employees in 50
countries and net sales of approximately 5.2bn EUR. Learn more at hexagon.com and follow
us @HexagonAB.
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