ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

NOVARC TECHNOLOGIES WILL DEMONSTRATE THE FUTURE OF AUTOMATED PIPE WELDING AT FABTECH 2024

VANCOUVER, CANADA, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Novarc Technologies Inc., a full-stack robotics company specializing in the design and manufacturing of cobots and computer vision AI for automated welding applications, will demonstrate the company’s smart vision and image processing system NovEye Autonomy Gen 2 at FABTECH Orlando, October 15-17, 2024, at Novarc’s Booth #W4062. This industry-first technology fully automates the pipe welding process by integrating state-of-the-art AI algorithms with advanced robotic controls while maximizing productivity and delivering the highest quality welds. 

“NovEye Autonomy Gen 2 is the result of years of data collected combined with machine learning which makes it a truly adaptive welding solution with real-time vision processing and advanced intelligence to fully automate the pipe welding process,” says Soroush Karimzadeh, CEO of Novarc. “We are excited to showcase this product at FABTECH in Orlando.” 

NovEye Autonomy Gen 2 is the only AI machine learning real-time vision processing system that constantly improves welds based on data collection and model enhancement. NovEye Autonomy gets smarter as it continuously improves through a terabyte-scale library of welding videos, ensuring unmatched precision and reliability.  

NovEye Autonomy Gen 2’s technology is based on machine learning and data collected through Novarc’s fleet of Spool Welding Robots (SWR™) at customer sites in North America, Europe, the Middle East and Australia. The technology has undergone extensive internal and external testing to ensure all of the features are performing and the weld quality meets ASME standards.

In addition to NovEye Autonomy Gen2, Novarc will also be demonstrating its flagship product, the Spool Welding Robot (SWR™), as well as NovAIand SWR+HyperFill®:

  • Novarc’s Spool Welding Robot (SWR™) allows fabricators and mechanical contractors to win more projects and improve margins on those projects, through three to five times improvement in carbon steel pipe welding productivity, and up to twelve times on stainless steel pipes, with less than one per cent repair rates and an average ROI of six to 18 months. 
  • Scheduled demos of the SWR on Carbon Steel Pipe, Stainless Steel Pipe and using SWR+HyperFill®, the company’s highly efficient dual torch system that increases heavy fabrication productivity to 350-500 Factored Diameter Inches (FDI) per shift by increasing weld deposition rates, will be available.
  • An exciting addition is Novarc’s newest innovation, NovAI, which will also be demonstrated. NovAI uses AI and robotic vision to perform adaptive welding. NovAI watches the weld pool and adapts to changing conditions in real time through seam tracking, weave adaptation and adjusting weld parameters to achieve the optimal weld. 

Novarc will also have samples available from pipes welded with SWR-TIPTIG, which enables welders to obtain a 2.6 X increase in weld deposition rate, allowing fabricators to increase productivity, weld quality and consistency. 

Automation is key to the welding industry, which is facing pressure to provide the infrastructure needed to build a better world. Novarc’s solutions help solve the welder shortage, and the company’s new smart vision and image processing technology is unlocking the plateau in robotic welding productivity due to lack of perception. Novarc’s SWR reduces human exposure to all welding hazards, positioning the operator several meters away from the welding arc and noxious welding fumes. With NovEye Autonomy Gen 2, operators can program the weld, walk away, and observe the weld away from the arc, reducing the risk of exposure to dangerous fumes and radiant heat. As well, muscle fatigue is reduced as the welding process is fully automated: ultimately, a win-win for welders, fabricators and contract manufacturers, enabling X-ray quality welds with zero operator intervention. 

-30 -

About Novarc Technologies Inc.:
Novarc Technologies is a full-stack robotics company specializing in the design and manufacturing of cobots and AI-based machine vision solutions for autonomous welding. Novarc’s Spool Welding Robot (SWR) is the world’s first of its kind in pipe welding applications. As a proven pioneer in the field, Novarc’s team is dedicated to solving challenging welding automation problems that improve customers’ bottom line.
For more information, visit www.novarctech.com.

To schedule an interview or book a demonstration at Novarc’s Booth #W4062 at FABTECH Orlando, contact:
Debra Hadden; Director of Public Relations; Novarc Technologies Inc.

debra@novarctech.com | 604-240-3196

Attachment


Debra Hadden
Novarc Technologies Inc.
604-240-3196
debra@novarctech.com

Recent Quotes

View More
Symbol Price Change (%)
AMZN  225.72
-0.56 (-0.25%)
AAPL  278.18
+2.25 (0.82%)
AMD  196.93
-18.12 (-8.43%)
BAC  52.11
+0.18 (0.35%)
GOOG  322.80
+4.33 (1.36%)
META  621.81
+8.76 (1.43%)
MSFT  467.00
-7.00 (-1.48%)
NVDA  172.08
-10.47 (-5.74%)
ORCL  189.40
-10.88 (-5.43%)
TSLA  410.15
-7.63 (-1.83%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.