FOR IMMEDIATE RELEASE: April 16, 2020
VANCOUVER, CANADA – Novarc Technologies, a Vancouver-based robotics company specializing in the design and commercialization of collaborative robots for industrial applications, announced today it has been named to Rocket Builders’ eighteenth (18th) annual “Ready to Rocket” list, a business recognition program for British Columbia’s tech sector that showcases the Revenue Growth Leaders of Tomorrow.
“We are very proud to be named to the 2020 Rocket Builder list,” says Soroush Karimzadeh, CEO and Co-Founder of Novarc Technologies. “Novarc’s Spool Welding Robot (SWR) is the world’s first collaborative welding robot designed to semi-automate the pipe welding process, which is providing a solution to the global labour shortage of highly-skilled welders, presenting a significant market opportunity for our technology. As well, we are expanding overseas so this recognition is a solid endorsement of our market potential”
As a collaborative robot, Novarc’s SWR works along with the human operator to allow less-skilled welders to do the work of highly-skilled welders, by combining the cognition of a lower-skilled welder with the repeatable motion of our robot. As a result, Novarc’s SWR can produce high quality welds consistently, and significantly increases welder productivity and safety.
“After much research into the trends driving growth in the Clean Technology sector, it became clear that Novarc Technologies is well positioned to capitalize on these trends,” said Geoffrey Hansen, Managing Partner, Rocket Builders.
“We are very excited to be recognized once again for the clean tech benefits of Novarc’s solution” says Karimzadeh.
There are number of benefits of Novarc’s SWR for welders and the environment, notably: 1) reduction in welder fatigue; 2) reduction in exposure to health hazards such as flashing by arc, UV light, carcinogenic fumes and excessive heat; 3) reduction in release of ambient fumes; and, 4) reduction of defect rates and waste.
The “Ready to Rocket” lists are the only predictive lists of its kind in North America, requiring many months of sector and company analysis.
ABOUT NOVARC TECHNOLOGIES:
Founded in 2013, Novarc Technologies is a robotics company specializing in the design and commercialization of collaborative robots for industrial applications. Novarc’s Spool Welding Robot (SWR) is the world’s first pipe welding application. A proven pioneer in the field, Novarc has a dedicated team of robotic engineers, software developers, welders and scientists all eager to solve challenging industrial automation problems by working closely with pipe shops to improve customers’ bottom line.
ABOUT READY TO ROCKET:
Ready to Rocket is a unique business recognition list that profiles technology companies with the greatest potential for growth. Each year, based on analysis of trends that will drive growth in the Clean Technology sector, Rocket Builders identifies the top private companies that are best positioned to capitalize on the trends for growth. This selection methodology has been an accurate predictor of growth with “Ready to Rocket” companies exceeding industry averages for revenue, employee and investment growth.
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