Baanto’s story starts in 2009. As the recent recession began to bite, Baanto’s parent company Nytric had the foresight and ingenuity to embark on an ambitious R&D project into a revolutionary touchscreen technology.
After considerable investment, the company has developed a unique and patented position sensing technology called ShadowSense™. The company uses this technology in the design of high performance, low cost, multi-touch touchscreens for the embedded OEM, ATM, Gaming, Kiosk, and Digital Signage markets.
The technology is being hailed by experts as a “best in class” solution and positions the company to execute a displacement strategy in all of the multibillion dollar multi-touch market segments and is creating jobs and wealth for the province.
As a small business involved in the export scene, Baanto believes success is not just about “selling,” but rather about doing things in a new and innovative way, a way that has positive benefits for industry and people in general.
“Continuing to do things iteratively, or in the same old way, does not foster long term success. Innovate! That is what Ontario needs, and what Canada needs,” says Av Utukuri, CEO of Baanto. “In fact the key to future success is innovation and investment. Not innovating, or not investing in innovation, is guaranteed to cause stagnation and failure. And the same applies to the touchscreen industry.”
Baanto plans to become a major force to be reckoned with in the touchscreen market in the coming years. Over the next few years, Baanto expects to experience significant growth both at home and internationally. ShadowSense technology is scalable and flexible at a cost far less than other competitive products, without compromising performance.
Baanto’s breakthrough technology is proudly a made-in-Ontario innovation. The company’s HQ is also located in Ontario and firmly here to stay for the foreseeable future, meaning that the company’s sales will continue to create jobs and contribute to the growth of Ontario’s economy.
Although the public may not realize it, ShadowSense products are being used by Canadian Cineplex Cinemas, CTV’s eTalk and medical eye surgery systems across North America. They are also being used in ATMs, information signs, shopping mall kiosks, medical devices etc.–all of which will benefit Ontarians directly or indirectly.
Join us in Toronto on the evening of November 26th as we shine the spotlight on 17 other extraordinary organizations and entrepreneurs that are redefining business excellence in Ontario. Get your seats at the 2014 Ontario Business Achievement Awards today!