Fredericton-based augmented reality company Kognitiv Spark has been named to the Companies-to-Watch list as a part of Deloitte’s 2019 Technology Fast50 Awards.

The Companies-to-Watch award highlights emerging Canadian tech companies that exhibit strong growth and show potential to be a future candidate for the Technology Fast50 award.  Like the main Fast50 list, the results are based on revenue growth, though the Companies to Watch have a shorter revenue history. To be eligible, companies must also devote a significant portion of their operating revenues to creating proprietary technology or intellectual property.  

“We’re excited to be receiving this recognition from Deloitte’s Technology Fast 50 Awards,” said Kognitv Spark CEO Yan Simard in a statement. “It stands as a testament to everything we’ve built here at Kognitiv Spark and the efficiencies our customers have been able to achieve using our product.”

The Fredericton company uses augmented reality and mixed reality to assist remote workers using complicated equipment. If a remote worker needs instruction in using equipment or repairs are needed, a supervisor in a main office can use augmented reality to walk him or her through the steps to make sure the equipment works properly.

Simard attributed the win to the technical innovations achieved by his team to create a secure and reliable augmented reality remote support tool. He also cited the expertise of company leadership in tandem with a supportive network of industry partners. 

“Companies-to-Watch winners deserve recognition for their early-stage growth, bold entrepreneurship and forward-thinking,” said Erica Pretorius, Partner and National Leader for the Technology Fast50 program at Deloitte Canada. “By demonstrating courage, seeking opportunities, and taking calculated risks, these outstanding companies are key to the success of the technology sector.”