ETQ Reaches Significant Milestones in Final Quarter of 2024, Reinforces its Leadership in Advanced Quality Management Systems for Manufacturers

Rhea-AI Summary

ETQ, a Hexagon company, marked significant achievements in Q4 2024, strengthening its position in quality management systems (QMS). The company launched its ETQ Reliance Predictive Quality Analytics solution, powered by AI technology from Acerta Analytics, enabling automated early detection and proactive resolution of manufacturing quality issues.

The quarter saw notable customer expansion across various sectors including heavy industry, manufacturing, food & beverage, electronics, life sciences, and aerospace. New clients included Bray International, CoreWeave, and Koch Ag & Energy Solutions, while existing customers like Cosmo Pharmaceuticals and Keurig Dr Pepper expanded their ETQ Reliance implementation.

ETQ hosted its 2024 ETQ Reliance Customer Conference in Dallas, featuring presentations from leading brands like Hitachi Energy and Kimberly-Clark. The company also conducted its Innovation Excellence Awards, with RR Donnelley winning for improving environmental health & safety performance through ETQ Reliance.

Positive

• Launch of AI-driven Predictive Quality Analytics solution for manufacturing quality management
• Expansion of customer base across multiple industry sectors
• Significant number of existing customers expanding their use of ETQ Reliance platform

Negative

• None.

Insights

Quality Management Software Analyst

The Q4 2024 developments at ETQ mark a pivotal evolution in manufacturing quality management systems, with implications extending beyond immediate operational improvements. The introduction of the ETQ Reliance Predictive Quality Analytics solution represents a strategic shift toward proactive quality management, potentially reducing costly manufacturing errors and warranty claims.

The partnership with Acerta Analytics is particularly significant, as it combines ETQ's established QMS infrastructure with advanced AI capabilities. This integration enables real-time data analysis and automated early detection systems - critical features for modern manufacturing operations seeking to minimize production variations and quality-related costs.

The expansion of ETQ's customer base across diverse sectors - from aerospace to life sciences - demonstrates broad market validation. Notable additions like Howmet Aerospace and Keurig Dr Pepper, along with existing customers scaling their implementations, suggest strong product-market fit and potential recurring revenue growth for Hexagon. The adoption by companies like RR Donnelley, with measurable improvements in environmental health & safety performance, provides concrete evidence of the system's effectiveness in reducing operational risks and compliance costs.

Looking ahead, ETQ's position within Hexagon's portfolio appears increasingly strategic, as manufacturing quality management becomes more data-driven and automated. The focus on AI-driven analytics and predictive capabilities aligns with industry trends toward smart manufacturing and Industry 4.0 initiatives, potentially positioning Hexagon for increased market share in the quality management space.

Key Milestones Include Launch of ETQ Reliance Predictive Analytics Solution, Expanding Client Base, Annual Customer Conference and Innovation Awards

BURLINGTON, Mass., Feb. 10, 2025 /PRNewswire/ -- ETQ, part of Hexagon, achieved significant milestones in the fourth quarter of 2024 which secured its position as a global leader in quality management systems (QMS) and brought the benefits of its ETQ Reliance^® QMS to an ever-expanding base of customers across multiple industries around the world.

Milestones for the quarter include the launch of the ETQ Reliance Predictive Quality Analytics solution; new customers across key industry sectors; a highly successful ETQ Reliance user conference; and its annual Innovations Awards program.

"A major highlight of the final quarter of 2024 was our launch of the ETQ Reliance Predictive Quality Analytics Solution and our partnership with Acerta which enables us to deliver actionable AI-driven analytics to our customers," said Vick Vaishnavi, CEO, ETQ. "As we enter 2025, we remain faithful to our mission to exceed customer expectations and advance the quality landscape to achieve optimal quality through data-driven innovation and automated quality management."

Launching AI-Driven Predictive Quality Analytics Solution
In October 2024, ETQ launched the ETQ Reliance^® Predictive Quality Analytics solution, bringing a new level of AI-driven analytics to its ETQ quality management system (QMS). The AI-based solution enables automated early detection and proactive resolution to prevent manufacturing quality problems, limit production variation, speed decision making, deliver prescriptive solutions to supply chain issues and boost overall quality.

ETQ's Predictive Quality Analytics solution is built upon technology from partner, Acerta Analytics, developer of Acerta LinePulse, an AI and machine learning-based solution. The solution can be integrated with ETQ Reliance. The partnership has allowed ETQ and Acerta customers to benefit from a predictive, closed-loop quality system that marries real-time data analysis with advanced quality workflows.

Growing the ETQ Reliance Customer Base
In the fourth quarter of 2024, ETQ added quality leaders in heavy industry, general manufacturing, food & beverage, electronics, life sciences, aerospace and other key markets around the world to its roster of ETQ Reliance customers. A sampling of new customers included Bray International, Bleistahl North America, CoreWeave, Cretex Medical, Ennnoconn, Gaylord Chemical, Koch Ag & Energy Solutions, NWI Precision, Signia and others. The quarter also saw a significant number of existing customers expand their use of ETQ Reliance to scale to new geographies and facilities, accommodate mergers and spinoffs and integrate additional QMS and health/safety applications, such as the ETQ Reliance Connected Worker solution, Life Science application packages or Supplier Quality app. Some of these customers included Cosmo Pharmaceuticals, Dart Container, Ecolab, Fu Yu, G&W Electric, Howmet Aerospace, J.M. Smucker Co., Keurig Dr Pepper, Kinetsu World Express, Tetra Pak and many others.

Hosting the Annual User Conference
In October 2024, ETQ brought together its customers from around the world to Dallas, Texas for the 2024 ETQ Reliance Customer Conference to share interesting use cases and lessons learned, preview ETQ Reliance upcoming features and capabilities and hear from Hexagon and ETQ's thought leaders on the future of quality.

Leading brands like Hitachi Energy, Kimberly-Clark, Organon, Integer and Rochester Electronics were featured throughout several customer panels during the event, speaking about how they leverage ETQ Reliance to overcome workforce challenges like decreasing the cost of poor quality, achieving compliance at scale, improving supplier quality, connecting their frontline workers and driving operational success through strong, scalable quality processes. 

Recognizing Quality Champions Through Innovation Awards Program
As part of its user conference, ETQ conducted its annual recognition of quality champions, naming a winner and finalists for its peer-reviewed ETQ Innovation Excellence Awards. ETQ customer, RR Donnelley, a provider of packaging, print and supply chain solutions, was selected for the winning project, for its ability to improve environmental health & safety (EHS) performance and reduce the quality of emissions through its use of ETQ Reliance. Finalists included General Motors and Organon, a global healthcare company.

The awards program spotlights customer ingenuity in using the ETQ Reliance^® quality management system (QMS) in creative and innovative ways to address some of the most pressing challenges in manufacturing quality management today.

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

Media Contacts: Chris Nahil ETQ cnahil@etq.com 617-529-6126

Linda Pendergast-Savage lpendergastsavage@comcast.net 508-224-7905

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SOURCE ETQ, LLC

FAQ

What is ETQ's new AI-driven analytics solution launched in Q4 2024?

ETQ launched the ETQ Reliance Predictive Quality Analytics solution, an AI-based system that enables automated early detection and proactive resolution of manufacturing quality problems, developed in partnership with Acerta Analytics.

Which major companies expanded their use of ETQ Reliance in Q4 2024?

Companies including Cosmo Pharmaceuticals, Dart Container, Ecolab, J.M. Smucker Co., Keurig Dr Pepper, and Tetra Pak expanded their use of ETQ Reliance for new geographies, facilities, and additional QMS applications.

Who won ETQ's Innovation Excellence Award in 2024?

RR Donnelley won the ETQ Innovation Excellence Award for improving environmental health & safety performance and reducing emissions quality through ETQ Reliance, with General Motors and Organon as finalists.

Where and when was the 2024 ETQ Reliance Customer Conference held?

The 2024 ETQ Reliance Customer Conference was held in Dallas, Texas in October 2024, featuring presentations from companies like Hitachi Energy, Kimberly-Clark, and Organon.