Tag: USA

High-Tech Boat Building Startup Navier Aims High with First U.S. Foiling Electric Powerboat

At the 2021 Palm Beach International Boat Show, Navier, a Silicon Valley startup, is proud to announce the first product for the new brand, a 27-foot foiling performance-craft that is capable of a range exceeding 75 nautical miles all under electric propulsion, with exceptionally advanced autonomy features. The foils will ensure a smooth ride over chop and the minimal wetted surface reduces drag, resulting in the most efficient operation possible.

Navier 27 cabin version
Navier 27 open version
Founders (Reo Baird and Sampriti Bhattacharyya)

Highlights:

  • Navier–a Silicon Valley startup–is building technology to radically increase the efficiency of small powerboats by 90% while ensuring zero emissions and a vastly superior ride experience.
  • Led by two MIT engineers who are avid boaters with extensive experience in ocean robotics, aerospace flight controls, and autonomous systems. Additionally, the team is working with world-renowned experts involved in America’s Cup foil vessel development.
  • The first product is the Navier 27, an all-electric hydrofoil performance-craft capable of a range exceeding 75 nautical miles at a 20kt cruising speed. The craft is outfitted with a highly advanced autopilot with features we see in today’s self-driving land vehicles.
  • Navier at PBIBS 2021 (located in booth number 309) – www.navierboat.com

High-tech features of the vessel include a highly advanced autopilot capable of both speed and course control, as well as an aerospace-grade foil control system and assistive docking technology, making the Navier 27 the most technologically advanced recreational boat on–or above–the water.

At speeds reaching or exceeding 18 knots, the boat flies on foils that are similar in design to high-performance America’s Cup sailing vessels. In fact, the Navier team includes world-renowned experts involved in the development of America’s Cup foiling race boats.

Sampriti Bhattacharyya is the co-founder and CEO of this new U.S.-based company that will design and build electrically-propelled foiling powerboats, initially just for the recreational market. She is an MIT PhD in mechanical engineering with original contributions in the field of hydrodynamic design. With extensive experience in ocean technology as well as prior experience as an aerospace engineer building flight control systems at NASA, Sampriti brings an impressive wealth of knowledge to Navier.

Navier’s other co-founder and CTO is Reo Baird. Reo holds degrees in aerospace, electrical, and computer engineering and specializes in autonomous systems. Baird has extensive professional experience in the marine industry, and he is a lifelong boater who has logged over 10,000 ocean miles. His experience and knowledge of advanced autonomous systems will play a key role in the design of the Navier 27.

Navier is no ordinary boat company. It is trying to reinvent the boat as we know it and define the future of waterborne transportation.

Main Specifications
Length: 27′
Beam: 8’6″
Foiling speed: 18-30+ kt
Range: 75+ nmi @ 20kt
Power: 2x 50kw
Electric Draft: 2ft / 5.5ft
Capacity: 10 passengers

Key Facts Navier 27
Electric: Goes the distance without noise or pollution
Active Foil Control: Smooth ride and sporty handling, enabled by aerospace stabilization technology
Retracting Foils: Fly above 3-4ft seas or retract foils for beaching and shallow-water operation
Assisted Docking: Precise sensor-assisted joystick docking free of delays typical in gas boats
Advanced Autopilot: Perfect speed and cruise control, whether station keeping, trolling, or cruising
Hazard Alert: Navier 27 is aware of its surroundings, alerting you of danger before it’s too late
Connected: Check-in on your boat from anywhere in the world via smartphone
2 Versions: Cabin and Open version

Press Office / Sand People Communication:
sandpeoplecommunication.com
Elisa Corti
e@sandpeoplecommunication.com
M: +39 389 3138060

Trintech Named to the 2019 Inc. 5000 List of America’s Fastest-Growing Private Companies

Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, announced it has been ranked No. 2688 on Inc. Magazine’s annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“We were honored that Inc. reached out to us this year to apply for this recognition and are thrilled that Trintech has been recognized as one of America’s fastest growing private companies,” said Teresa Mackintosh, CEO of Trintech. “We’re appreciative of our thousands of loyal clients, some of whom have been with us since we were founded 30 years ago. We’re also thankful for our employees, who share the commitment of delighting our customers across the globe. They have been the foundation of our continued growth and success each year.”

Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.

“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says James Ledbetter, Editor-in-Chief at Inc. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”

The annual Inc. 5000 event honoring the companies on the list will be held October 10th to the 12th, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona.

About Inc. 5000

The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions. For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.

About Trintech 

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure and fiduciary reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, Trintech Disclosure Management(R), ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,100 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kelli Shoevlin
1 (972) 739-1680 
Kelli.Shoevlin@trintech.com