Nova Place is home to some of the most innovative companies in Pittsburgh. Our tenants are leaders in their respective industries, driving advancements in technology, healthcare, and business. Here’s a look at some of the exciting recent developments from the Nova Place community.
Gecko Robotics Expands its U.S. Navy Projects
Gecko Robotics continues to make strides in the defense sector, leveraging its cutting-edge technology to help maintain the U.S. Navy’s fleet. This fall, Gecko will begin inspecting a U.S. aircraft carrier for wear-and-tear using its AI-driven software and a fleet of advanced robots. These high-tech machines promise to streamline the complex task of evaluating military hardware, ensuring the Navy’s readiness.
Gecko’s robots have already been instrumental in the $132 billion Columbia-class nuclear submarine program, inspecting welds and building a maintenance baseline. As the company strengthens its partnership with the Navy, expectations are high for the role predictive maintenance will play in future military operations.
For more on this exciting development, visit the full article here.
Castle Biosciences Achieves 52-Week Stock High
Castle Biosciences, another forward-thinking company at Nova Place, recently hit a significant financial milestone. Their stock surged to a 52-week high of $30.59, marking a 64.55% increase over the past year. The company’s growth is driven by its innovative approaches to dermatologic cancer testing and a remarkable 74% revenue increase in Q2 2024, reaching $87 million.
Castle Biosciences continues to push boundaries with higher average selling prices and increased demand for their core dermatology tests. Despite facing challenges with Medicare contractor Palmetto, the company has maintained a strong financial position with improved Adjusted EBITDA and raised revenue guidance for the full year.
For a detailed breakdown of their growth and future plans, check out the original article here.
Chicken of the Sea Frozen Foods Welcomes New Business Development Manager
Chicken of the Sea Frozen Foods, a tenant at Nova Place, recently announced the appointment of Dane Wigand as their new business development manager for foodservice and wholesale. With a wealth of experience across several major seafood companies, including Ocean Garden Products and Pescanova USA, Wigand is expected to drive growth and strengthen the company’s position in the seafood industry.
Senior Vice President Tiffany Hicks expressed confidence in Wigand’s ability to enhance their commitment to delivering top-quality seafood products under popular brands like Chicken of the Sea and Asian Gold.
For more on this leadership change, visit the full article here.
Faros Properties is proud to support these dynamic companies in our Pittsburgh Office Space as they continue to innovate and lead in their industries. Stay tuned for more tenant updates as our community continues to grow and thrive.
Stay tuned for more tenant updates as our community continues to grow and thrive.
Do you want to Lease Pittsburgh Office Space?
Check us out! 👉 https://novaplace.com/leasing/