Novanta is a global supplier of proprietary core technology solutions to original equipment manufacturers in medical, life science, and advanced industrial sectors. The company designs and manufactures precision technologies including laser beam steering systems, robotics and motion control, medical insufflators and endoscopic pumps, imaging solutions, and surgical tracking systems through two main operating segments: Automation Enabling Technologies and Medical Solutions. Novanta generates revenue through direct sales and distribution channels by selling engineered subsystems and components to leading OEM customers who integrate them into their own products; customer relationships tend to be long-lived platform relationships with recurring demand, particularly in medical applications where regulatory approvals and product design-in create significant switching costs and durable commercial relationships.