March 31, 2017
NOVARC TECHNOLOGIES SECURES $1 MILLION IN SEED FUNDING
For Immediate Release – March 31, 2017
VANCOUVER, BC – Novarc Technologies announced today it has secured a $1 million investment, led by Seaspan ULC (Seaspan) with participation from BDC Capital.
Novarc are builders of advanced, collaborative robotic systems that allow pipe welding to be done more effectively using advanced control techniques.
“This is a very exciting time for Novarc Technologies,” said Soroush Karimzadeh, Chief Executive Officer of Novarc. “Seaspan’s support of our pipe welding technology, used as a key solution in the shipbuilding industry, reinforces their drive to innovate in shipbuilding services and their leadership in the marine transportation industry.”
The funding will be used to scale commercialization of Novarc’s Spool Welding Robot (SWR), a collaborative welding robot designed for high-mix, low-volume production, as well as expansion of Novarc’s sales and marketing efforts in North America, and continued investment in research and development.
“Innovation and technology are critical components of Seaspan’s vision of developing and growing a shipbuilding centre of excellence on the West Coast of Canada,” said Jonathan Whitworth, CEO – Seaspan. “We are thrilled to partner with Novarc Technologies, invest in the future of the marine transportation industry and take another step closer to creating a brighter future for thousands of British Columbians and their families.”
“Seaspan’s considerable investment in our technology will allow us to more rapidly market our proprietary collaborative robots to the shipbuilding industry as well as to other key industries such as oil and gas, and water and wastewater sectors,” said Karimzadeh.
“Our collaborative robotic system is a game changer in that our robots work with humans to make the best welds, increasing throughput and decreasing costs, while improving quality by reducing the human variability in the welding process.”
This investment is a result of Seaspan’s Value Proposition obligations under the National Shipbuilding Strategy (NSS). As part of this agreement, Seaspan is committed to spending 0.5 per cent of each resulting NSS contract to contribute to the development of a sustainable marine industry in Canada.
“Canadian companies are at the forefront in the development of exciting new technologies for the marine sector in Canada. As they grow, so too will the middle class.” said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. “This investment demonstrates how the National Shipbuilding Strategy can drive innovation and help firms like Novarc commercialize and market their technologies so that they can continue to strengthen Canadian shipbuilding.”
In October 2011, the Government of Canada formed a partnership with Seaspan’s Vancouver Shipyards to build future state-of-the-art Non-Combat vessels for the Canadian Coast Guard and Royal Canadian Navy under the NSPS (now the NSS).
Vancouver Shipyards has seen great progress and is continuing momentum on the production and delivery of the first three Non-Combat ships – the first, second and third Offshore Fisheries Science Vessels (OFSVs).
BDC Capital participated in the round via its Venture Acceleration Program for seed- stage ventures that graduate from select Canadian accelerators. These include BC’s Foresight Cleantech Accelerator program, which Novarc successfully completed.
About Novarc Technologies:
Novarc Technologies builds advanced custom robots for niche applications using advanced control techniques and computation to solve challenging automation problems. With more than 100 years of collective experience in building machinery and industrial automation solutions, Novarc specializes in building collaborative robots, welding robots and long reach manipulation to allow pipe welding to be performed more precisely and economically. Pipe welding is one of the most challenging tasks and Novarc’s technology is accelerating the modernization of pipe shops, increasing the capacity of the pipe shops, while maintaining quality requirements.
Seaspan ULC is a group of Canadian companies (together referred to as “Seaspan”) primarily involved in coastal marine and deep-sea transportation, bunker fuelling, ship repair and shipbuilding services on the West Coast of North America. In addition to marine transportation services offered directly through Seaspan’s marine division, commercial ferry, shipyard and bunkering services are provided through subsidiaries including: Marine Petrobulk Limited Partnership, Seaspan Ferries Corporation, Vancouver Shipyards Company Ltd., Victoria Shipyards Company Ltd. and Vancouver Drydock Company Ltd. Seaspan Shipyards, an affiliate of Seaspan ULC, is comprised of Vancouver Shipyards, Victoria Shipyards and Vancouver Drydock.
For more information, contact:
Novarc Technologies Inc.
CEO, Novarc Technologies Inc.
email@example.com | 604.428.0050
Director, Communications and Public Relations – Seaspan ULC
Jataylor@seaspan.com | 778.879.8993
February 21, 2017
We are delighted to announce that Novarc Technologies will be hosting this month’s American Welding Society BC Sections’ monthly dinner meeting at our new location in North Vancouver. This will give the members a chance to see our Spool Welding Robot in action.
The meeting will start with a dinner, and followed by a presentation, and is scheduled for:
- Date: Tuesday, February 28, 2017
- Time: 5 PM [social hour], 6 PM [dinner] and 7 PM [presentation]
- Place: Novarc Technologies, Unit 6 – 1225 East Keith Road, North Vancouver, BC, V7J 1J3 (click here for Google map)
If you are interested in joining this dinner meeting, please let Brenda Moe know of your attendance by Friday, February 24, noon. You may contact her via email at (firstname.lastname@example.org) or send a fax to 604-929-5267.
December 1, 2016
We are pleased to announce we have moved to a new office as of December 1st, 2016. With close to 7,000sqft office and shop space, the new office allows us to scale our operations and enable us to help our customers much more effectively. Our new office is located at Unit 6, 1225 East Keith Road, North Vancouver, BC, V7J 1J3.
September 15, 2016
We are excited to announce that the American Welding Society BC Section is hosting our CEO Soroush Karimzadeh to kick start their 2016 presentation series. Soroush is going to talk about how Novarc’s collaborative welding robots can help pipe shops become much more competitive by enabling welders and weld technicians increase the quality and productivity of their work.
The meeting will start with a dinner, and followed by a presentation, and is scheduled for
- Date: Wednesday, September 21, 2016
- Time: 5 PM [social hour], 6 PM [dinner] and 7 PM [presentation]
- Place: UAPICBC, Suite #101 – 1658 Foster’s Way, Annacis Island, Delta BC
For more information on the dinner and where you can get tickets please click here.
The American Welding Society is a multifaceted, nonprofit organization with a goal to advance the science, technology and application of welding and related joining disciplines. From factory floor to high-rise construction, from military weaponry to home products, AWS continues to lead the way in supporting welding education and technology development.
September 13, 2016
Join us at Vancouver Startup Week, a week-long celebration of Vancouver’s technology and innovation community, happening September 26 to 30, 2016. This year our CEO Soroush Karimzadeh will be hosting a talk on collaborative robots and their applications. The talk provides a background on advent of collaborative robots, the relevant safety standards, how Novarc’s collaborative robot is set to transform the pipe welding industry. Novarc is partnering up with Vancouver Startup Week to host this event from 12.00 to 13.00 on September 29th at CodeCore . There is only a limited space available so make sure to sign up for the event here.
Vancouver Startup Week’s workshops and events are centred around this year’s theme, “Connecting Vancouver to the World.” Offerings will be aligned closely with the BCTECH Strategy pillars. The focus will be to improve access to capital and deepen our tech talent pool. We want to help entrepreneurs connect with key stakeholders while celebrating their achievements.
We look forward to seeing you there!
August 31, 2016
We are happy to announce that we have qualified for round 4 of the BCIC – New Ventures competition. Novarc is now in the final round of the competition. The 10 companies advancing to the final round will pitch to a judging panel of entrepreneurs, venture capitalists and investors. The winners will be announced at the New Venture Competition Awards Ceremony taking place on September 26, 2016. To learn more about the competition and the Fourth round, please visit: http://www.newventuresbc.com/2016/08/top-10-finalists/
August 11, 2016
Novarc’s collaborative welding robot for accurate and cost-efficient 1G pipe welding featured in APEGBC’s Innovation Magazine’s project highlights for 2015/2016, among other great innovations in the province. Thank you APEGBC! https://www.apeg.bc.ca/getmedia/9ca1e706-27d2-4503-8b00-332700335ed4/201604-Jul-Aug-Innovation-MR.pdf.aspx
July 29, 2016
Our latest article in The Fabricator on how Novarc’s SWR robot is going to disrupt pipe welding: http://www.thefabricator.com/article/tubepipefabrication/a-novel-approach-to-pipe-welding-automation
June 17, 2016
We are happy to announce that we have been qualified for round 3 of the BCIC – New Ventures competition. Novarc is now among the top 25 startups in the technology sector in 2016. The 10 companies advancing to the final round will be announced on August 31st, 2016. To learn more about the competition and the Third round, please visit: http://www.newventuresbc.com/2016/06/nvbc2016-announcement-round-3/
April 12, 2016
In collaboration with the Alberta Manufacturing and Fabrication Innovation Program (AMFI), we are honored to be presenting our world leading SWR machine’s capabilities at the welding demonstration session on April 12th and April 13th at the Alberta Innovates Technology Futures in Edmonton. This two-day event is dedicated to high-mix low-volume welding automation challenges. Send us an email for more information about the presentations.