Oqton Enters Strategic Partnership with DigiFabster to Advance Automated Order Processing

November 17, 2022 11:50 am

First-to-market e-commerce solution blends instant quoting with advanced manufacturing to streamline production order management.

Ghent, BelgiumOqton, a software provider helping manufacturers increase innovation and efficiency by intelligently automating production, today announced it has entered a partnership with DigiFabster, the California-based Software as a Service (SaaS) company, to deliver a novel e-commerce-enabling solution. Combining Oqton’s manufacturing operating capabilities with DigiFabster’s instant quoting, e-commerce interface, and billing functions yields a complete solution to help manufacturers automate their entire production workflow — including additive and subtractive technologies — thus reducing cost and lead times.

Precision-engineered parts are often expensive to manufacture and purchase. As a result, these parts are not often kept in inventory, but rather are produced on demand when needed. Companies frequently have strict requirements including obtaining multiple quotes for review and approval along with balancing the lowest possible price and shortest lead times with high production standards. The manufacturers of whom these parts are requested manage their production capacities with complex intertwined dynamics including accounting for material management and machine time, factoring in experts’ working hours to run the systems, and certifications for defined quality assurance schemas. The partnership between Oqton and DigiFabster overcomes all of these challenges by delivering an integrated, purpose-built order, payment, and production automation solution for manufacturers, and a convenient purchasing experience for buyers.

“E-commerce continues to be a disruptive force — transforming consumer behavior and our expectations for easy-to-use services,” said Dr. Ben Schrauwen, svp & general manager, Oqton. “We saw a real opportunity to bring together Oqton’s advanced manufacturing capabilities with DigiFabster’s e-commerce solution to transform the entire process. Through the combination of a convenient, modern frontend experience with streamlined backend processes such as digital inventory management, and automated fulfillment and logistics, we’ve automated the entire production workflow to provide a more efficient experience for manufacturers and purchasers.”

DigiFabster is a complete e-commerce and quoting automation solution that is designed for quick custom implementation and ease of use. The insights gained from this transparent, self-service process enable reliable predictions and measurable optimization. Manufacturers who make use of this solution can be up and running within a few hours. According to Kason Knight, owner and chief engineer at I-Solids, which is a DigiFabster user, “So far, the time we spend on generating estimates has decreased by about 30%. We’re also seeing a 200% monthly return on our investment. Most of that is derived from a reduction in labor costs and an improvement in quality control.”

Oqton is renowned for its Manufacturing OS that is accelerating intelligent manufacturing. This platform powers the automated order processing and execution by connecting machines and processes on the shopfloor including data preparation, powder management, real-time dashboards, and reporting. The result is comprehensive manufacturing management with full traceability and transparency. Oqton customer, Ideas Medical Solutions, is seeing positive results in its business from working with Oqton. Emilio Cabaleiro, co-founding partner and head of production at Ideas Medical Solutions said, “We have reduced manufacturing time by 25%, increased production by 10%, and also saved on material waste.”

“We believe all manufacturing shops should have access to software that is both quick to implement and makes a significant impact on day-to-day shop operations,” said Konstantin Ivanov, CEO, DigiFabster. “Our partnership with Oqton provides manufacturing companies with an integrated solution that unlocks the power of eCommerce sales along with providing the critical data to automate the complete production process.”

Manufacturers interested in taking advantage of this ground-breaking solution to transform their business can contact Oqton via the company’s website.


Forward-Looking Statements

Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. Oqton undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.

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