HEXA - HEXA STOCK NEWS

Hexagon's Manufacturing Intelligence and Sumika Polymer Compounds Europe have partnered to digitise sustainable automotive-grade polypropylene (PP) compounds. This initiative aims to facilitate the design of lighter, recyclable components, resulting in up to a 60% lower carbon footprint compared to traditional plastics. The new GF-PP materials are engineered for the circular economy, addressing plastic waste issues at the end of a vehicle's life. Their advanced multiscale material modelling technology allows for accurate simulations, expediting the adoption of these sustainable materials in automotive manufacturing.

Hexagon's Manufacturing Intelligence division has partnered with Datanomix to integrate the latter's No Operator Input™ production monitoring software. This collaboration aims to enhance efficiency and optimize manufacturing processes for Hexagon's global customers. Datanomix's platform simplifies data collection by connecting directly to manufacturing equipment, providing real-time insights without manual data entry. The partnership will enable Hexagon to offer the Datanomix solution as part of its Production Software portfolio, with training provided to customer-facing teams. This development aligns with Hexagon's goals for autonomous manufacturing, promising improved insights and productivity.

ETQ, a part of Hexagon, has appointed Vick Vaishnavi as its new CEO, succeeding Rob Gremley. Vaishnavi, with over three decades of experience in building high-growth SaaS companies, will lead ETQ during its ongoing global expansion and product innovation. Previously, he was a senior executive at Everbridge, where he grew its Critical Event Management business to over $100M in recurring revenue. Vaishnavi's past leadership roles include CEO of Yottaa and Aveksa, where he successfully drove significant growth and acquisitions. The transition took place on January 17, 2023, with Gremley praising Vaishnavi's capability to lead ETQ into its next growth phase.

The latest The Civil Quarterly report from Dodge Construction Network highlights a decline in revenue and profit margin expectations among contractors, with only 53% anticipating revenue growth compared to 66% last quarter. Additionally, 45% expect profit margin increases, down from 51%. A significant 60% of contractors foresee economic downturn impacts on private projects. Supply chain issues persist, with 93% affected by material cost fluctuations. Despite reduced expectations, contractors remain optimistic, with 77% confident about future workloads.

Hexagon's Safety, Infrastructure & Geospatial division has integrated artificial intelligence (AI) capabilities into HxGN Connect, its real-time incident center solution. This enhancement allows for the analysis of operational data, providing real-time alerts and insights. Hosted on Microsoft Azure, the platform improves communication and coordination among teams while autonomously detecting trends and anomalies. According to Gartner, this innovation enhances situational awareness for public safety organizations, helping them respond more effectively to emergencies. Hexagon has approximately 23,000 employees and 2022 net sales of around 4.3 billion EUR.

The Dodge Construction Network's latest Civil Quarterly study reveals significant concerns among civil engineers and contractors regarding the resiliency of U.S. infrastructure. A large majority, 82% of civil contractors and 92% of civil engineers, have prioritized projects focused on resilience, particularly against flooding and infrastructure vulnerabilities. The report highlights the critical need for skilled personnel, with only 28% of contractors claiming expertise in resiliency. Moreover, the Infrastructure Investment and Jobs Act is expected to provide necessary funding, but effective implementation relies on qualified civil engineers and contractors.

ETQ, part of Hexagon, will showcase its Reliance NXG Quality Management System (QMS) at the ASQ World Conference on Quality & Improvement in Anaheim, California, from May 15-18, 2022. The company aims to enhance quality processes amidst rising compliance requirements and operational complexities. Key presentations include sessions on quality harmonization and automated quality management workflows, demonstrating how organizations can achieve significant ROI and improved compliance. Attendees can experience live demos at the ETQ booth (#803).

Ouster (NYSE: OUST) and Tacticaware, a Hexagon (Nasdaq Stockholm: HEXA B) company, announced the launch of Ouster x Accur8vision, a joint security solution targeting the multibillion physical security market. This solution integrates Ouster's 3D digital lidar technology with Hexagon's security software to enhance monitoring capabilities across diverse environments, including airports and commercial properties. The new system aims to reduce false alarms and improve security accuracy, positioning Ouster to capitalize on a market projected to reach $153 billion by 2023.