ETQ Accelerates Growth, Meets Rising Demand for Automated Quality Management in Fourth Quarter 2023

New Customers, Strategic Partnerships, Product Enhancements Set the Stage for Continued Success in 2024

BURLINGTON, Mass., Feb. 5, 2024 /PRNewswire/ -- ETQ, part of Hexagon, today announced that it achieved significant growth in the fourth quarter of 2023, helping a growing base of customers meet their enterprise-wide quality goals and boost efficiency, safety and productivity through the use of ETQ Reliance quality management system (QMS). The company also announced strategic partnerships that expand the impact of optimal quality across the enterprise, as well as participation in industry events to help shape the future of data-driven quality.

 

 

"Throughout 2023, a year that saw a record number of product recalls, manufacturers were focused on producing higher-quality products, reducing the cost of poor product quality and ensuring they could meet evolving compliance and quality standards at scale," said Vick Vaishnavi, CEO, ETQ. "We are honored to partner with leading manufacturers across a wide range of industries to help them find ways to leverage optimal product quality as a business advantage and achieve these organizational goals by driving excellence through quality."

Expanded Customer Base

In the fourth quarter of 2023 customers around the world chose ETQ Reliance to automate their quality processes, improve operational efficiencies and significantly improve their quality outcomes. New customers selected ETQ to solve key challenges in their quality environments, from reducing the cost of poor quality and ensuring compliance at scale to speeding time to market and gaining deeper control over supplier quality. New customers came to ETQ from key industries such as food and beverage, manufacturing, electronics, pharmaceutical, medical devices and energy. Select new customers include: Ascential Technologies, Horizon Organic Dairy, Hawkins, Inc., Natural Fiber Welding, Helvoil, Kinematics and Wheeler Fleet Solutions.

ETQ also expanded the scope of ETQ Reliance within its existing customer base, enabling them to benefit from new features and capabilities that give them greater visibility enterprise-wide, greater decision velocity and reduced risk and costs associated with poor quality. A selection of these companies includes Lixil Group, Terumo Medical, Rheem, GE Aviation, Kalsec, Inspire Medical Systems and Cosmo Pharmaceuticals.