VANCOUVER, British Columbia, Sept. 23, 2022 (GLOBE NEWSWIRE) — Novarc Technologies Inc. today announced that it was named Canada’s Top Growing Company for the third consecutive year as part of Globe & Mail’s 2022 Business Report Rankings. It was announced that one was selected. The ranking is based on his three-year, verified revenue growth assessment of 430 Canadian companies from 2019 to 2021. Novak occupies the 132nd spot based on his 351% jump in his three years at the company.
“Ranking Novak to the esteemed list of Canada’s Top Growing Companies for the third year in a row is a very exciting achievement for our team,” said Soroush Karimzadeh, CEO of Novak Technologies. said to
Report on Business editor Dawn Calleja said: “The next generation of Canadian companies can take inspiration from this ranking.”
Today, Novarc’s SWR is used by some of the industry’s top companies required to build the world’s infrastructure. These industries have an urgent need to automate their manufacturing processes. Novak’s solutions are also helping the welding industry solve ominous labor problems. There is a serious global shortage of highly skilled welders in the manufacturing plants that serve these global industries. According to the American Welding Society, this impending labor crisis is projected to escalate to a shortage of approximately 314,000 welders by 2024.
Novarc’s SWR, the world’s first welding cobot, provided an automation solution for the welding industry. SWR has the ability to work with human operators to improve productivity, weld quality and consistency, with the ability to recoup the customer’s capital investment within her 6-18 months.
Novak’s cobots are also enhanced with vision and artificial intelligence, further improving ergonomics and safety for human operators and providing a quality/productivity factor for manufacturing facilities.
Phillip Crawley, Publisher and CEO of The Globe and Mail, said: “The Globe and Mail congratulates them on their accomplishments.”
Canada’s Top Growing Companies is an editorial ranking launched in 2019. It aims to celebrate the achievements of Canada’s most daring entrepreneurs by identifying and bringing to the forefront innovative business achievements in Canada.
A complete list of 2022 winners can be found in the October issue of Report on Business magazine.
- Canada’s Top Growing Companies by The Globe and Mail’s 2022 Business Report
- Novak’s Spool Welding Robot (SWR) is the world’s first collaborative welding robot.
NOVARC TECHNOLOGIES NAMED ON THE GLOBE AND MAIL’S 2022 CANADIAN TOP GROWING EMPLOYEES RANKING FOR THIRD YEAR IN A RUN, The Canadian Business Journal
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