Kentucky Lt. Gov. Coleman, Kentucky Community and Technical College System & Xometry Announce 50 Full Tuition Scholarships for Manufacturing Students 

Rhea-AI Summary

Xometry, a tech company listed on NASDAQ under the ticker XMTR, announced a donation of 50 full-tuition scholarships to students at the Kentucky Community and Technical College System (KCTCS) focused on machining and engineering. This initiative underscores Xometry’s commitment to strengthening local manufacturing capabilities and addresses the workforce shortage in this sector. The announcement was made by key figures including Lt. Governor Jacqueline Coleman and Xometry's CEO Randy Altschuler, with the scholarships also benefiting students in five other states.

Positive

• Donation of 50 full-tuition scholarships enhances workforce development in Kentucky.
• Strengthens relationships with local educational institutions and manufacturers.
• Highlights Xometry's commitment to investing in small and medium manufacturers.

Negative

• None.

LEXINGTON, Ky., Sept. 19, 2022 (GLOBE NEWSWIRE) --

WHAT:        
Kentucky Community and Technical College System (KCTCS) and Xometry, a publicly traded technology company (NASDAQ: XMTR) that helps organizations create locally resilient supply chains, will be announcing Xometry’s donation of 50 full-tuition scholarships for KCTCS students studying to become the next generation of skilled machinists, technicians and engineers. Xometry, which has a significant presence in Lexington, celebrates the strategic role Kentucky plays in advancing domestic manufacturing and is funding the scholarships as part of its commitment to investing in the more than 1,000 small and medium manufacturers in Kentucky. 

WHO: 

• Jacqueline Coleman, Lt. Governor of Kentucky
• Dr. Paul Czarapata, President of the Kentucky Community and Technical College System (KCTCS)
• Dr. Koffi Akakpo, President of Bluegrass Community and Technical College
• Randy Altschuler, co-Founder and CEO of Xometry, Inc.

WHEN & WHERE:
10 a.m. ET Friday, September 23 
KCTCS' Bluegrass Community and Technical College
Science and Education Building
500 Newtown Pike
Lexington, KY 40508

WHY:
Investing in America’s small and mid-sized manufacturers and cultivating the next generation of workers is critical to helping address supply chain concerns and inflation while also protecting our economic and national security interests. Xometry believes in the importance of manufacturing and the incredible entrepreneurial and high-paying, high-growth opportunities it presents for skilled workers everywhere. In addition to KCTCS, Xometry is providing scholarships for nearly 250 students at community colleges in five other key manufacturing states: Maryland, Wisconsin, South Carolina, New York and Connecticut.

Contacts:

Illume PR for Xometry, Inc.
Zella Panossian
Xometry@IllumePR.com 

Kentucky Community & Technical College System
Terri Giltner
terri.giltner@kctcs.edu 

Jacqueline Coleman, Lt. Governor of Kentucky
JT Henderson
jt.henderson@ky.gov 

FAQ

What is Xometry's recent scholarship initiative for KCTCS?

Xometry is donating 50 full-tuition scholarships for KCTCS students to promote skilled machinists and engineers.

When will the scholarship announcement take place?

The scholarship announcement event is scheduled for September 23 at 10 a.m. ET at KCTCS' Bluegrass Community and Technical College.

Why is Xometry investing in scholarships for students?

Xometry aims to address supply chain concerns and foster economic growth by developing skilled workers for the manufacturing sector.

How many students will benefit from Xometry's scholarships in total?

In total, nearly 250 students across six key manufacturing states will receive scholarships from Xometry.

What industries are affected by Xometry's scholarship program?

The scholarship program primarily impacts the manufacturing industry, focusing on creating skilled technicians, machinists, and engineers.