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.
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.
Civil contractors are optimistic about the construction economy in 2022, with 73% confident in finding work. Around 50% expect revenue and profit margins to increase. However, a skilled worker shortage is a significant concern; 72% anticipate difficulties hiring skilled labor, and 89% expect labor costs to rise. 54% report scheduling issues, and 53% struggle with budget constraints due to rising labor costs. The Infrastructure Investment and Jobs Act may exacerbate these challenges.
The latest issue of The Civil Quarterly from Dodge Data & Analytics highlights significant supply chain challenges for civil contractors, with 92% reporting project impacts due to construction material cost fluctuations. Despite concerns about rising costs, 53% anticipate revenue growth, and 63% expect stable or improved profit margins over the next year. The report also discusses cybersecurity risks, with small contractors underestimating potential cyber threats, and the usage of reality capture tools, which enhance project management and quality improvements.
Hexagon’s Manufacturing Intelligence division has partnered with ETQ to enhance product quality assurance throughout the manufacturing lifecycle. This collaboration will utilize machine learning and artificial intelligence to automate quality control processes, linking Hexagon’s inspection solutions with ETQ’s QMS. The integration aims to minimize defects and enhance efficiency, thereby supporting smart manufacturing strategies. Hexagon reported net sales of approximately
