ROCKVILLE, Md., June 29, 2022 (GLOBE NEWSWIRE) — Xometry, Inc. (NASDAQ: XMTR), the global online marketplace connecting enterprise buyers with suppliers of manufacturing services, today unveiled new digital sourcing tools on Thomasnet.com for enterprise buyers and a new cloud-based manufacturing execution system for suppliers, which will be open to third-party developers to build integrated applications. The new products are designed to bring buyers and suppliers even closer together and further accelerate the creation of locally resilient supply chains.
At the company’s “Xometry Marketplace Summit: Powering Tomorrow’s Supply Chain,” Xometry CEO Randy Altschuler detailed how the popular Xometry Instant Quoting EngineSM, Job Board and financial services features from the Xometry Marketplace are now fully integrated into the Thomasnet.com platform. Tightly integrating the Xometry Marketplace and Thomasnet.com platform enables Xometry to scale its network of active buyers and suppliers more rapidly by putting the “buy it now” option in front of the more than 1.4 million Thomas registered users who generate millions of sourcing and quoting sessions annually, Altschuler said.
The new products unveiled today include:
Additionally, Altschuler noted that Xometry will open up the API-enabled Workcenter to third-party developers, establishing Workcenter as an emerging platform for innovators seeking to deliver an ecosystem of interconnected solutions for suppliers.
“Recent global events have underscored the need for the vital role that Xometry plays in the rapid digital transformation of the manufacturing industry, from the procurement process to the shop floor,” Altschuler noted. “With our large and growing network of suppliers, expanding set of manufacturing capabilities and new software to integrate with our customers’ internal systems, Xometry is an enterprise-wide solution. We work across the supply chain and are deeply embedded with procurement managers, buyers and engineers on the one hand, and thousands of manufacturers on the other.
“We are scaling quickly to be the technology solution that drives efficiency for the $2.4 trillion manufacturing industry, and we are becoming the de facto rails through which buyers procure services and the thousands of small- and medium-sized suppliers across the country deliver it,” Altschuler added. “With our new integrated Industrial Buying Engine and Workcenter offerings, we’re leveraging the strategic acquisition of Thomas with the power of our AI-driven Xometry Marketplace and Instant Quoting capabilities to deliver on our promise of advanced technology solutions benefiting buyers and suppliers. The new products align with our mission of championing manufacturing, the backbone of our economy here and abroad.”
About Xometry Xometry (NASDAQ: XMTR) powers the industries of today and tomorrow by connecting the people with big ideas to the manufacturers who can bring them to life. Xometry’s digital marketplace gives manufacturers the critical resources they need to grow their business while also making it easy for buyers at Fortune 1000 companies to tap into global manufacturing capacity and create locally resilient supply chains. Learn more at www.xometry.com or follow @xometry.
Media Contact: Matthew Hutchison matthew.hutchison@xometry.com
Investor Contact: Shawn Milne shawn.milne@xometry.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f4802b89-0293-492c-8883-60c22e988ae7
Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
A welcome email is on its way. If you don't see it, please check your junk folder.
The next issue of Financial Post Top Stories will soon be in your inbox.
We encountered an issue signing you up. Please try again
Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.
365 Bloor Street East, Toronto, Ontario, M4W 3L4
© 2022 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.
This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Service and Privacy Policy.