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ETQ Continues its Growth Momentum in Second Quarter of 2025, Scales its Leadership Position in Quality Management
Prnewswire· 2025-07-30 12:05
Core Insights - ETQ has achieved significant milestones in Q2 2025, including customer base expansion and new product functionalities, positioning the company for continued growth [1][2] Customer Growth - In Q2 2025, ETQ expanded its global customer base with new wins across various sectors, including heavy industry, life sciences, and aerospace, with notable new customers such as AALTO HAPS and W.L. Gore and Associates [3] - Existing customers have also extended the impact of ETQ Reliance® to achieve optimal quality and compliance, expanding into new geographies and integrating additional applications [4] Product Development - ETQ launched a new version of ETQ Reliance NXG in May 2025, featuring an enhanced Quality Data Lake powered by Snowflake, enabling better access and analysis of quality management data [5] Industry Insights - The ETQ Pulse of Quality in Manufacturing 2025 survey revealed that quality is increasingly viewed as a strategic driver for corporate revenue and growth, amidst challenges like labor shortages and a reliance on automation and AI [6] - The survey also highlighted ongoing issues such as product recalls and safety incidents, which can damage brand reputation and lead to operational disruptions [7] Corporate Developments - ETQ's parent company, Hexagon, announced the planned spin-off of ETQ and related divisions into a new entity named Octave, expected to be completed in the first half of 2026 [8] Thought Leadership - ETQ executives participated in various industry forums, sharing insights and recognizing innovation within the sector, including naming Cree LED as the winner of its Innovation Excellence Award [9][10]