Welcome to our dedicated page for HEXA news (Ticker: HEXA), a resource for investors and traders seeking the latest updates and insights on HEXA stock.
The HEXA news page on Stock Titan aggregates company communications and related announcements about Hexagon (Nasdaq Stockholm: HEXA B), a business that describes itself as a global leader in measurement technologies, digital reality solutions, and positioning technologies. News items highlight how Hexagon applies its sensor, software, and autonomous technologies across manufacturing, construction, mining, autonomous systems, and government-focused operations.
Recent coverage includes updates from Hexagon US Federal, the federal business of Hexagon dedicated to U.S. government customers in defense, intelligence, and civilian sectors. These stories describe leadership appointments, cybersecurity milestones such as achieving CMMC Level 2 certification, and the organization’s role in delivering C4ISR, installation security, GIS, sensing, and position, navigation, and timing solutions in support of national security missions.
Other news items feature Hexagon’s ecosystem of related businesses and partnerships. Examples include ETQ, part of Hexagon, being recognized in research and awards programs for enterprise quality management software and launching new cloud-native quality management offerings for manufacturers. Additional articles describe integrations between Hexagon’s project performance and CAM technologies and partners’ platforms, as well as communications about a proposed software and SaaS spin-off called Octave, which is expected to focus on advanced data analytics and AI-driven solutions.
Investors and observers can use this news page to review how Hexagon presents its strategic direction, technology applications, and collaborations across industrial, quality management, navigation, and federal government domains. By following these updates, readers gain insight into the company’s stated priorities in digital reality, positioning, and autonomous technologies over time.
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.
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.
