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Novarc receives more than $2 million to market welding robots internationally
- June 26, 2023
- News Release
- Welding
Novarc Technologies Inc., a North Vancouver-based full-stack robotics company, is developing a unique automation system to help solve the global manufacturing bottleneck. Novarc’s Spool Welding Robot (SWR) will provide traditional industries a route to automation.
The Honourable Jonathan Wilkinson, Minister of Natural Resources and Member of Parliament for North Vancouver, on behalf of the Honourable Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan), announced $2,065,000 in funding to the company.
Novarc Technologies specializes in the design and commercialization of cobots and AI systems for robotic welding applications.
In recent years, the need for prefabrication has grown up to 20 per cent for pipe welding. Novarc’s system automates the manufacturing process of welding – allowing welders of all skill levels to work collaboratively with the robot – increasing safety and productivity up to five times in carbon steel pipe welding and up to 12 times on stainless steel pipes, according to the company.
This funding, which is being provided through PacifiCan’s Business Scale-up and Productivity program, will help Novarc continue to grow.
The company has already installed spool welding robot units in North America, Australia, the United Kingdom, Ireland, Germany, Saudi Arabia, and China and has plans for further expansion.
Today’s investment is expected to support 53 new jobs at Novarc Technologies Inc. and generate increased revenues.
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