Company Market Research Report: Novarc Technologies

Company Overview

• Name: Novarc Technologies

• Mission: To help build the world using applied robotics and AI, focusing on advancing welding automation solutions.

• Founded: No information is available.

• Key People:

• Soroush Karimzadeh: CEO & Co-Founder

• Sina Firouz: CTO

• Haley Grewal: CFO

• Arash Nejad: CRO

• Jean-Michel Logan: VP Customer Success

• Dave Birkenheuer: VP of Supply Chain and Manufacturing

• Mahyar Asadi: VP Innovation

• Melissa Bayanzadeh: VP of Marketing

• Christine Hartmann: Chief of Staff

• Headquarters: 207 - 267 West Esplanade, North Vancouver, BC, V7M 1A5, Canada

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Industry leader in robotic welding technology, particularly known for their Spool Welding Robot (SWR™).

Products

Spool Welding Robot (SWR™)

• Description: The SWR™ is a collaborative welding robot designed for pipe and small pressure vessel welding.

• Key Features:

• Massive productivity gains: up to 200-350 diameter inches per shift for carbon steel and 569-998 for stainless steel.

• Smallest footprint in the industry.

• Less than 1% repair rates and high ROI (6-18 months).

• Integrated with NovEye™ for real-time seam tracking and video capture.

• NovData™ for comprehensive production monitoring and traceability.

SWR™ + HyperFill®

• Description: An integrated dual torch system utilizing HyperFill® for increased weld deposition rates.

• Key Features:

• High deposition rates of 15lbs/hour or higher.

• Suitable for carbon steel pipes with thicknesses of 0.5”-2.5”.

• Meets ASME Section IX and B31.3 requirements.

• Significant cost savings and reduced material handling needs.

SWR-TIPTIG

• Description: Designed for TIG welding, pushing productivity and precision.

• Key Features:

• Achieves up to 4 lbs/hour deposition rates.

• Drastically reduces welding costs.

• Patented TIPTIG feeding system for highest quality welds.

• Suitable for various industries like aerospace, oil & gas, and pharmaceuticals.

NovEye™ Autonomy

• Description: AI-powered system for fully automated pipe welding.

• Key Features:

• Zero operator intervention with multi-pass and multi-layer autonomous welding.

• Real-time vision processing and adaptive control.

• X-ray quality welds through advanced AI and sensory systems.

NovSync™

• Description: A dashboard offering advanced analytics for production and machine health.

• Key Features:

• Cloud storage for secure data access.

• Customizable production and usage reports.

• Predictive maintenance alerts to prevent disruptions.

Recent Developments

• July 23, 2024: Launched NovEye™ Autonomy Gen 2, enhancing AI and machine learning in arc welding.

• May 7, 2024: Introduced SWR-TIPTIG, boosting TIG welding productivity with advanced features.

• Partnerships:

• Collaborating with global partners like ABICOR BINZEL to export products to 38 countries.

Conclusion

Novarc Technologies stands as a pioneer in the domain of robotic welding automation, leveraging cutting-edge technologies like AI and machine learning to revolutionize welding processes. With a diverse portfolio of high-tech products and significant international reach, the company is well-positioned to address modern industrial challenges related to productivity, labor shortages, and weld quality.