HEXA - HEXA STOCK NEWS

Nearmap, a global leader in location intelligence solutions, has announced the expansion of its imagery coverage across the U.S. through a partnership with Hexagon's Content Program. This addition complements Nearmap's existing coverage of 87% of the U.S. population, allowing insurers to gain insights into less populated geographic regions.

The expanded coverage will be accessible through Partner Connect, the Betterview platform's ecosystem for integrating third-party geospatial datasets and tools. This enhancement enables insurance companies to:

• Optimize underwriting efficiency
• Reduce physical inspection spending
• Recommend risk mitigation steps to policyholders

Nearmap surveys over 100 million parcels in the United States up to three times per year, providing insurance companies with valuable location insights for better-informed decisions across the entire policy lifecycle.

ETQ, part of Hexagon, has launched the ETQ Reliance® Predictive Quality Analytics solution, integrating AI-driven analytics into its quality management system (QMS). This solution, developed in partnership with Acerta Analytics, enables automated early detection and proactive resolution of manufacturing issues.

Key features include:

• Manufacturing-specific data ingestion
• Advanced data analysis
• Predictive monitoring and alerts
• Automated root cause analysis

The solution aims to prevent production problems, limit variation, speed decision-making, and improve overall quality. It combines Acerta's LinePulse AI and machine learning technology with ETQ Reliance's advanced quality workflows, creating a predictive, closed-loop quality system.

This launch addresses manufacturers' concerns about plant performance, operational efficiency, compliance, risk management, and product recalls. The solution is available immediately for both new and existing ETQ Reliance NXG customers.

Guidehouse, a global consultancy, has partnered with Hexagon, a digital reality solutions leader, to drive innovation in the public sector. This collaboration aims to enhance operational efficiency, transparency, and performance of government agencies throughout their assets' lifecycle. Key benefits include:

• Enhanced operational efficiency and data-driven decision-making
• Improved transparency and accountability in asset management
• Modernized solutions for mission-critical needs and lifecycle cost management
• Optimized lifecycle asset performance

The partnership combines Hexagon's cutting-edge technology with Guidehouse's public-sector expertise to deliver comprehensive solutions for complex government challenges, from asset acquisition and deployment to maintenance and decommissioning.

ETQ, a Hexagon company, has appointed Prashant Darisi as Chief Product Officer. Darisi will manage the product roadmap for ETQ's quality management system (QMS) software platform, ETQ Reliance®. His responsibilities include expanding the software into new areas leveraging AI and predictive quality analytics, as well as integrating QMS with connected worker capabilities.

Darisi brings over 20 years of experience in executive positions, having previously served as Vice President and General Manager at Everbridge. He has expertise in enterprise SaaS products, AI/ML strategy, and product management. ETQ CEO Vick Vaishnavi expressed confidence in Darisi's ability to drive product strategy that will benefit customers globally, especially as ETQ explores integration opportunities within the Hexagon environment.

ETQ, a Hexagon company, has unveiled the latest version of its ETQ Reliance® NXG quality management system (QMS) software, featuring a new Inspection Management app. This innovative solution automates and streamlines the quality inspection process for discrete and process manufacturers. The app enables:

- Automation of processes
- Reduction of paperwork
- Real-time visibility into quality operations

Key benefits include always-current prescriptive inspection guidance, automatic linking to quality events, a flexible inspection plan framework, and comprehensive data reporting and analytics. The Inspection Management app aims to mitigate the cost of poor quality, ensure compliance at scale, and maintain customer trust.

ETQ's global survey, The Pulse of Quality in Manufacturing 2024, reveals alarming trends in product recalls and promising developments in AI adoption. Key findings include:

- 73% of respondents experienced a product recall in the past five years, with costs reaching up to $99.9M per recall in the U.S.
- 47% plan to use AI in the next two years, while 33% are already using it
- 85% report that most or all plant floor workers have access to electronic devices
- 61% attribute up to half of product recalls to supplier issues
- 48% report 11-20 safety incidents annually

The survey, conducted by Censuswide, polled over 750 quality leaders across the U.S., U.K., and Germany. It highlights the growing role of frontline workers in decision-making and the strategic approach manufacturers are taking towards quality management.

ETQ, part of Hexagon, achieved significant milestones in Q2 2024, reinforcing its leadership in the quality management system (QMS) market. Key highlights include:

1. Recognition: Named 'Overall Leader' among QMS suppliers by ABI Research.

2. Customer Growth: Added several new enterprise customers globally and expanded existing customer usage of ETQ Reliance®.

3. Industry Participation: Hosted the ETQ EU Summit and participated in major industry events like ASQ WCQI and Quality Show South.

4. Thought Leadership: ETQ executives shared insights at conferences and through industry publications.

These achievements demonstrate ETQ's commitment to innovation and customer satisfaction in the quality management landscape.

ETQ, part of Hexagon, showed significant growth in the first quarter of 2024 with the addition of new enterprise customers in various sectors and the expansion of its cloud-based QMS, ETQ Reliance NXG. The company is focused on helping manufacturers reduce product recalls, enhance operational efficiency, and comply with quality standards.