HADLEY, Mass., April 11, 2018 /PRNewswire/ -- Qnect, LLC
announced today that Nucor Corporation (NYSE: NUE) is the lead
investor for Qnect's $3.8 million
funding round. Qnect provides software and digital engineering to
optimize connections and production throughput for better steel
project efficiency.
"We are proud to be able to partner with Nucor. Their investment
recognizes the power of our software and is a gratifying
endorsement from such a prominent leader in the steel industry,"
says Jef Sharp, CEO of Qnect. "Qnect
helps everybody in the industry with early data and optimization
cost benefits that make steel the best choice."
Introduced to the market in April
2016, Qnect's cloud-based connection software is designed
for steel detailers, fabricators, engineers and others involved in
the structural steel workflow. Qnect projects have recognized
savings from earlier delivery of shop drawings, improved
fabrication throughput, reduction in connection costs, and
streamlined approvals and revisions.
With Nucor's investment, Qnect will strengthen its market
position in North America and key
international markets.
"This investment in Qnect emphasizes Nucor's commitment to
continuous improvement, our dedication to our customers and our
belief that technology will continue to drive the steel industry,"
said John Hollatz, President of
Nucor's Vulcraft / Verco Group. "Nucor is looking forward to
working with Qnect as it delivers on its vision of bringing
significant efficiencies to the design, fabrication, and erection
of steel structures and provides stewardship to the construction
process."
About Qnect, LLC
Qnect, the optimization company,
delivers fast, intelligent, cloud-based connection software (SaaS)
for steel detailers, fabricators, owners and engineers who seek
efficiency, quality, increased profits and better managed
schedules. Qnect's QuickQnect™ automates structural steel
connection design capable of detailing 1,000s of steel connections
in minutes.
About Nucor Corporation
Nucor and its affiliates are
manufacturers of steel products, with operating facilities
primarily in the U.S. and Canada.
Products produced include: carbon and alloy steel -- in bars,
beams, sheet and plate; hollow structural section tubing;
electrical conduit; steel piling; steel joists and joist girders;
steel deck; fabricated concrete reinforcing steel; cold finished
steel; steel fasteners; metal building systems; steel grating; and
wire and wire mesh. Nucor is North
America's largest recycler.
CONTACT: Christian Erickson,
512-814-5611, christian@qnect.com
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SOURCE Qnect, LLC