FOR IMMEDIATE RELEASE: September 25, 2020
VANCOUVER, CANADA – Novarc Technologies, a Canadian-based robotics company specializing in the design and commercialization of collaborative robots for industrial applications, is pleased to announce it has placed No. 45 on the Globe & Mail’s 2020 Report on Business ranking of Canada’s Top Growing Companies.
Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Novarc Technologies earned its spot with three-year growth of 1,235 %.
“We are very proud to have ranked on the ROB list of Canada’s Top Growing Companies. We have worked diligently with fabricators in the global market serving various industries needing an affordable solution to automation in order to stay competitive. Novarc’s collaborative robot provides pipe fabrication shops this solution, which reduces costs, increases productivity and enhances weld quality using the power of robotics and artificial intelligence. I’m extremely proud of our team’s ability to motivate the leading players in the construction and fabrication industries to adopt robotic technologies that can incorporate such AI systems, which is what has propelled our growth as we continue to expand our international presence,” says Soroush Karimzadeh, CEO of Novarc Technologies.
Launched in 2019, the Canada’s Top Growing Companies editorial ranking aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent businesses in Canada. It is a voluntary program; companies had to complete an in-depth application process in order to qualify. In total, 400 companies earned a spot on this year’s ranking.
The full list of 2020 winners, and accompanying editorial coverage, is published in the October issue of Report on Business magazine—out now—and online at tgam.ca/TopGrowing.
“The stories of Canada’s Top Growing Companies are worth telling at any time, but are especially relevant in the wake of COVID-19 pandemic,” says James Cowan, Editor of Report on Business magazine. “As businesses work to rebuild the economy, their resilience and innovation make for essential reading.”
“Any business leader seeking inspiration should look no further than the 400 businesses on this year’s Report on Business ranking of Canada’s Top Growing Companies,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “Their growth helps to make Canada a better place, and we are proud to bring their stories to our readers.”
ABOUT NOVARC TECHNOLOGIES:
Novarc Technologies is a Canadian-based 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 of its kind in pipe welding application. Novarc’s SWR has built a reputation for its unique form factor and advanced features for pipe welding not unlike a human’s precision and dexterity, with an operator-friendly user interface, adaptive control systems for accurate torch control, and machine learning algorithms to detect features. As a proven pioneer in the field, Novarc has a dedicated team of engineers and scientists eager to solve challenging industrial automation problems that improve customers’ bottom line. The welding industry is looking to adopt these technologies in order to solve the shortage of qualified welders, accommodate the millennials workforce and solve the cleantech challenges of this century.
About The Globe and Mail:
The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 5.9 million readers every week in print or digital formats, and Report on Business magazine reaches 2.1 million readers in print and digital every issue. The Globe and Mail’s investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.
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