HEXA - HEXA STOCK NEWS

The latest edition of The Civil Quarterly from Dodge Construction Network reveals strong optimism among civil contractors, with 77% confident about market conditions in 2023. 46% expect profit margins to increase. However, challenges remain, such as a 72% shortage of skilled workers and supply chain issues. To mitigate risks, 83% plan to raise bids, while 63% will select projects more selectively to ensure profitability. Over 70% value technology to enhance communication and project data sharing, though current usage lags. Additionally, 63% analyze data for safety improvement, reporting benefits like 67% lower injury rates and enhanced worker preparedness. The report suggests a shift towards predictive analytics and AI for future safety enhancements.

AGCO (NYSE: AGCO), a leader in agricultural equipment, announced a new agreement with Hexagon to enhance its guidance systems, marketed as Fuse Guide for Massey Ferguson and Valtra tractors. This system will provide a robust electronic steering solution incorporating NovAtel's SMART7 receiver. Fuse Guide aims to improve precision agriculture adoption, particularly in Brazil by Q2 2023, with further rollout planned in 2024. The collaboration expands on an existing partnership involving Hexagon's global navigation satellite systems. Mark Theuerkauf from AGCO emphasized that this technology could drive higher crop yields and greater operational efficiency for farmers.

Hexagon's Manufacturing Intelligence division has introduced a new cloud-based metrology reporting software designed to enhance quality control for manufacturing teams. This software consolidates various reporting tools into a single dashboard, allowing users to track real-time part quality trends and receive automated alerts through a mobile-accessible interface.

Manufacturers can analyze critical quality metrics and communicate efficiently with colleagues and supply chain partners. The application integrates with existing software solutions like PC-DMIS and QUINDOS, facilitating seamless data management without requiring new IT installations. This innovation aims to improve productivity and resolve quality issues more swiftly.

Hexagon continues to advance its Nexus Digital Reality Platform, promoting collaboration across manufacturing processes.

Hexagon's Manufacturing Intelligence division introduced the PRESTO automated robotic inspection cell on April 18, 2023, aimed at enhancing quality inspection efficiency for manufacturers, particularly in the automotive sector. PRESTO reduces inspection times significantly, allowing for real-time data processing and minimal setup, thus accommodating the shift towards electric vehicles (EVs). It integrates advanced 3D scanning and positioning technologies, connecting inspection to the manufacturing ecosystem and optimizing product lifecycles. This user-friendly solution requires no specialized robotics expertise, addressing the industry's labor shortages. By enabling faster adaptation for various parts, PRESTO aims to streamline workflows and reduce time to market, catering to manufacturers facing dynamic market demands.

ETQ, part of Hexagon, announced key milestones for Q1 2023, including the appointment of Vick Vaishnavi as CEO and an expanded global customer base. The company attracted new clients from sectors such as life sciences, aerospace, and packaging, while existing customers increased their use of ETQ Reliance. Enhancements were made to the ETQ Reliance Quality Management System (QMS), improving capabilities for cloud-native solutions. ETQ received industry recognition from Frost & Sullivan, highlighting its consistent growth and innovation in the QMS space. The progress reinforces ETQ's commitment to providing value in quality management and compliance.