Kentucky Lt. Gov. Coleman, Kentucky Community and Technical College System & Xometry Announce 50 Full Tuition Scholarships for Manufacturing Students
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.
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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.
Details
News Market Reaction – XMTR
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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
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