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Blockchain Press Releases

ETQ Builds Strong Momentum in Second Quarter as More Global Businesses Embrace Quality Management to Improve Business Outcomes

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New Platform Capabilities, Expanded Customer Base and Increased Visibility Position Company for Continued Growth

BURLINGTON, Mass., July 31, 2023 /PRNewswire/ — ETQ, part of Hexagon, today announced that it has continued its growth trajectory and achieved strong momentum in the second quarter of 2023, underscoring the positive impact that quality management is having on business outcomes. Among the highlights, the company released new product features of its ETQ Reliance NXG cloud-native quality management system (QMS), expanded its customer base, showcased the innovation excellence of some of its key customers, and increased its presence at leading industry forums.

 

 

“As manufacturers across several core industries issue a record number of product recalls this year, never has it been more important to demonstrate the measurable business impact of quality,” said Vick Vaishnavi, CEO, ETQ. “At ETQ, we are focused on the impact of optimal quality processes that touch every aspect of an organization, from improving decision velocity and maximizing supply chain quality to reducing the cost of poor quality and helping bring products to market faster and more profitably.”

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Delivering Product Enhancements
During the second quarter, ETQ released updates to its award-winning ETQ Reliance NXG® cloud-native quality management system (QMS). New capabilities include enhanced reporting and features that improve the user and administrator experience, such as new Copy View functionality to let users quickly create new views from existing ones, and a new administrator capability to view all settings using the new Reliance Engine application. The latest version of ETQ Reliance NXG also elevates the built-in analytical reporting tools with new data visualizations and automated alerts to make it easier to manage compliance, reduce risk and achieve operational excellence. This functionality lets users create configurable reports using pie charts, bar charts, stacked column charts, and more. Additionally, a Favorite Charts widget has been added allowing users to see their favorite chart with real-time data on the homepage.

Customer Expansion
Domestic and international expansion of the ETQ customer base represents another driver of the company’s growth. During the quarter, ETQ welcomed new customers across the globe from industries such as life sciences, chemical and materials, packaging, food safety, professional services and aerospace and defense. A few new ETQ customers include PPG, Bekaert, Institut Straumann, Velsera and DSV A/S.

Additionally, a host of current quality-driven customers expanded their use of ETQ Reliance in their quality and safety programs. In the second quarter, several long-time customers such as Keurig Dr Pepper, Pentair, SkyWater Technology and Emerson expanded their investments in ETQ Reliance.

Innovation Awards
In June, ETQ announced the 2023 finalists of its annual Innovation Excellence Awards. This year’s winner was ETQ customer Trane Technologies, which showcased a supply chain quality innovation that has allowed it to compress standard cycle times, improve its recovery method, realize faster and more consistent return revenue and enable better overall supplier communication. The runners up were Nutrien, which integrated ETQ Reliance with the US Department of Transportation for commercial vehicle safety; and Varian, which developed a Field Actions application for maintaining global compliance. The Innovation Excellence Awards spotlight customer ingenuity in implementing ETQ Reliance in unique, creative, and unprecedented ways to address challenges in quality and health and safety while unlocking significant business value.

Industry Event Participation
ETQ hosted and participated in several industry events during the second quarter to showcase how quality management can be leveraged to reduce risk, achieve compliance and improve operational excellence. In June, ETQ hosted Quality Vision, its annual customer conference, which this year was held in conjunction with Hexagon LIVE Global 2023, a premier global technology conference hosted by Hexagon that focuses on digital transformation, innovation and networking. ETQ CEO Vick Vaishnavi served as a keynote speaker at the event and attendees took advantage of a broad set of presentations featuring dozens of customers who shared how they use ETQ Reliance to add value to their organizations. ETQ also participated in the ASQ World Conference on Quality and Improvement, Hannover Messe, Paris Air Show, and the Control Conference.

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Industry Recognition
ETQ was featured in several industry journals during the quarter, including Machine Design, Quality Magazine, Forbes and Today’s Medical Developments. The articles focused on business strategies that are enabling organizations to ensure new product success, achieve operational excellence through proper document control, standardize quality processes and documentation across a product life cycle, among other strategic initiatives designed to deliver better business outcomes.

About ETQ
ETQ, part of Hexagon, is the leading provider of quality, EHS and compliance management software, trusted by the world’s strongest brands. More than 600 customers globally, spanning industries such as pharmaceuticals, electronics, heavy industry, food and beverage, and medical devices, benefit from ETQ to secure positive brand reputations, enable higher levels of customer loyalty and enhance profitability. ETQ Reliance offers built-in best practices and powerful flexibility to drive business excellence through quality. Only ETQ lets customers configure industry-proven quality processes to their unique needs and business vision. ETQ was founded in 1992 and has main offices in the U.S. and Europe. To learn more about ETQ and its various product offerings, visit www.etq.com.

Hexagon is a global leader in sensors, software and autonomous solutions. Learn more about Hexagon (Nasdaq Stockholm: HEXA B) at hexagon.com and follow us @HexagonAB.

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Blockchain Press Releases

Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion

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Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025

WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.

The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.

“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”

Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.

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About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

Media Contact

BlocksBridge Consulting
[email protected] 

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Blockchain Press Releases

Surprises Guaranteed: Bybit Card Dishes Out Rewards in Holiday Giveaway

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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.

For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.

For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.

“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,”  said Joan Han, Sales and Marketing Director at Bybit.

The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:

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  • Up to 10% cashback in USDT, BTC and ETH on eligible purchases
  • Zero fees for instant virtual card issuance
  • Zero annual or hidden fees
  • Up to 8% APY

Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!

#Bybit / #TheCryptoArk #theBybitCard

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases

Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa

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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.

From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:

Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.

As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.

Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.

Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.

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#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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