Name

NOVO TECHNOLOGY LTD

Legal name

NOVO Technology

Website

https://novo.co.tt

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Chaguanas

HQ country

Trinidad & Tobago

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Technology Products and Hardware Sales: Sale of thermal scanners, O2 water units, and related technology hardware products. One-time purchase options available for all hardware products.
2. Equipment Leasing: Monthly lease arrangements for thermal scanners ranging from TT$450-950 per month for 2-year terms. O2 Water Unit lease at TT$405 per month for 36 months with lease-to-own option.
3. Broadband and Communications Services: Fiber-to-home broadband services and entertainment offerings provided through Novo Communications division.
4. Smart Farming and LIFE Brand Products: Smart Garden Units, LIFE Foods (agro-processing and packaging), and fresh produce delivery services.
5. Service and Maintenance: Free maintenance services during lease period including filter changes for leased O2 Water Units.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

NOVO Technology develops and sells a diversified portfolio of technology hardware, communications services, and agri-tech products. Core offerings include thermal scanners with facial recognition for workplace safety, an air-to-water generator (O2 Water Unit), fiber-to-home broadband internet, smart farming units, and online payment processing and virtual banking technology. Products are sold or leased primarily to customers in Trinidad and Tobago.

Product overview

NOVO TECHNOLOGY LTD operates as a diversified technology company with four main divisions: Novo Technology (online payment processing, virtual banking, web and mobile app development), Novo Communications (100% Fiber To The Home network, broadband, entertainment), Novo Farms (smart farming technology), and LIFE (life solutions brand). The company also offers hardware products including a line of Thermal Scanners (Desktop/Wallmount, Full Size, Standing with Hand Sanitizing Bay, and E-Gate) with facial recognition and temperature detection capabilities, and the O2 Water Unit that extracts purified water from air using 7-stage filtration. Products are available for purchase or lease, targeting businesses for workplace safety and individuals for home use.

Differentiator

Problem solved

Functional benefit

Brands

• LIFE: A portfolio brand providing life solutions including farming, communications, and consumer experience services designed to mitigate risks associated with global challenges.

Products and services

• Thermal Scanner – Desktop / Wallmount Temperature detection and facial recognition device for identifying employees and tracking entry times, available in wall-mount or desktop configuration with lease option.
• Thermal Scanner – Full Size Full-size standing thermal scanner with facial recognition, temperature detection, and mask wearing enforcement, featuring infrared thermal imaging with up to 1 meter detection range.
• Thermal Scanner – Standing with Hand Sanitizing Bay Thermal scanner with integrated hand sanitizing dispenser, combining temperature detection, facial recognition, and touchless hand sanitization in a single unit for workplace entry management.
• Thermal Scanner E-Gate Access control system with facial recognition for identifying and approving only required personnel, with traffic restriction capabilities for safe occupancy management.
• O2 Water Unit Air-to-water generator producing up to 20 liters (5 gallons) of purified water daily using a 7-stage EZ-Filter process, with hot and cold water dispensing and air purification function.
• Smart Garden Units Automated smart farm units with integrated technology for growing leafy greens and produce with minimal effort, available for consumer use.
• LIFE Foods Agro-processing and packaging services for food products, offered under the LIFE brand.
• Broadband High-speed internet services delivered via 100% fiber-to-the-home network infrastructure.
• Entertainment Entertainment content and services offered through the Novo Entertainment platform.

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

One partnership is on record.

• CARIRI (Caribbean Industrial Research Institute)minorOthersCARIRI tested and certified the O2 Water Unit as safe for drinking, validating the 7-stage filtration process meets safety standards.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Plenty: Plenty is a vertical farming and agritech company building automated indoor farms with proprietary software and robotics. It is an emerging player with meaningful overlap to NOVO Farms' smart farming focus.

Broad incumbents

• Honeywell: Honeywell offers industrial measurement, building automation, and thermal/contactless screening solutions across many verticals. It is a broad incumbent overlapping with NOVO's measurement and automation offerings rather than a focused competitor.
• Crown Castle: Crown Castle owns and operates large-scale fiber and wireless infrastructure across the U.S., selling fiber-to-the-home and backhaul services. It is a broad incumbent comparable to NOVO Communications' fiber-to-home infrastructure business.

Direct peers

• AeroFarms: AeroFarms operates indoor vertical farms with proprietary sensing, data, and automation for leafy greens. It is a direct peer to NOVO Farms in automated/smart farming for leafy greens.
• Teledyne FLIR: Teledyne FLIR designs and manufactures thermal imaging cameras and temperature screening systems used for industrial, security, and access-control applications. It is a direct peer to NOVO's Thermal Scanner product line.
• SOURCE Global: Source Global (formerly Zero Mass Water) manufactures hydropanels that extract drinking water from atmospheric humidity using solar power. It is a direct peer to NOVO's O2 Water Unit in the atmospheric water generation category.
• Water-Gen: Water-Gen produces atmospheric water generation units for military, residential, and commercial use. It is a direct peer to NOVO's O2 Water Unit in air-to-water technology.

Regional players

• Digicel+: Digicel+ is a Caribbean mobile, broadband, and home entertainment operator with a presence in Trinidad and Tobago. It is a regional peer in broadband and entertainment competing with NOVO Communications.
• Flow Trinidad (Liberty Latin America): Flow Trinidad, part of Liberty Latin America, is a major broadband and pay-TV provider in Trinidad and Tobago. It is a regional player competing with NOVO Communications in the same geography.
• Telecommunications Services of Trinidad and Tobago (TSTT): TSTT is the incumbent telecommunications operator in Trinidad and Tobago offering mobile, broadband, and enterprise connectivity services. It is a direct regional competitor to NOVO Communications in fiber and broadband.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/novo-technology-inc-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NOVO TECHNOLOGY LTD