Deloitte Fast 50 Enterprise Fast 15 listing green and black logo on white background

Kinova Among the Enterprise Fast 15 Listing From Deloitte

For immediate release

PR contact: marketing@kinova.ca

 

Kinova Ranked Number 467 Fastest-Growing Company in North America on Deloitte’s 2020 Technology Fast 500™

 

The 194% revenue growth is once again a testament to our evolution providing off-the-shelf robotic arms and technologies to a various number of organizations thriving in a broad range of fields.

The Fast 15 is a leadership category that recognizes the fastest growing technology, media and telecommunications companies based on the percentage revenue growth over their last four years of operation.

Boisbriand, Québec, November 18th, 2020 — Kinova today announced it ranked No. 467 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 26th year. Kinova grew 194% during this period.

Kinova’s chief executive officer, Charles Deguire, credits the company’s success in reaching new markets and developing new products with the company’s 194% revenue growth. Mr. Deguire said, "Thanks to everybody, we are so happy, it's a team sport and we really reached this achievement altogether. Being among Deloitte’s listing is an event for the whole company. This year we live it virtually, but we live it as champions, the kinovian way. We are again really happy to be part of this and congratulations to the team, congratulations to Kinova!".

“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”

“Each year the Technology Fast 500 listing validates how important technological innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winner's list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”

Watch our celebration video!

Kinova was previously ranked as a Technology Fast 500™ award winner for 2016, 2017 and 2018. And Fast 50™ in 2016.

Overall, 2020 Technology Fast 500™ companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with a median growth of 450%.

About Deloitte’s 2020 Technology Fast 500™

Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US 50,000, and current-year operating revenues of at least $US 5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Kinova

Kinova is a global leader in professional robotics. Founded in 2006 in Boisbriand, Quebec, Canada, the company's mission was initially to empower individuals with upper-body limitations through the use of assistive robotics. Almost 15 years later, the company has evolved its product line to service new markets — helping researchers, medical professionals, governments, businesses and educational institutions achieve their innovation goals through strategic partnerships and collaborative efforts. Today, with robotic technologies built up over more than a decade of inspired ingenuity, Kinova’s dedication is to provide solutions to professionals in industries such as agrifood, healthcare, security, nuclear, hazmat and advanced manufacturing to go well beyond their ambitions.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.