On April 14th, 2020, Rocket Builders released their 18th annual “Ready to Rocket” lists, which included Barnacle Systems, the manufacturer of an innovative boat security and monitoring product. These lists profile British Columbia technology companies that are best positioned to capitalize on the technology sector trends that will lead them to faster growth than their peers. The “Ready to Rocket” lists are the only predictive lists of its kind in North America, requiring many months of sector and company analysis. Reg Nordman, Managing Partner of Rocket Builders, says “each year when we choose the Emerging Rocket companies, we are looking for those companies that have best matched technical innovation with market opportunity. Barnacle Systems is an excellent example of the right technology for the right customers at the right time.”
Unlike venture-backed startups, Barnacle Systems’ growth in 2019 was not as a result of spending large amounts in marketing campaigns in order to spur sales. Rather, as a boot-strapped company, their strategy has been to build consumer confidence through trusted influencers and by providing security seminars at boat shows. This growth wasn’t without some roadbumps though, “we have seen a lot of competitors pop up in the ‘smart boat’ market and we have seen many of these products fail in the field. We have had the difficult task of rebuilding consumer confidence in boat security products.” says Brandon Wright, CEO at Barnacle Systems. Not only have they built consumer confidence, but Barnacle Systems has gained the confidence of the Canadian government as they now protect Canadian Coast Guard vessels with the same product.
In 2019, Barnacle Systems’ flagship product, BRNKL (pronounced ‘barnacle’), allowed customers to track their boats in over 20 countries. The system successfully saved one 48′ sailboat from sinking, caught one thief in France, and saved countless batteries from dying onboard boats that were left with their shorepower plugs disconnected. “I’m very proud of what our team accomplished in 2019. As knowledge and trust in our product grows I expect 2020 to be a tremendous year.” emphasizes Brandon.
About Barnacle Systems Inc.
Barnacle Systems Inc is an award-winning manufacturer of boat security and monitoring products. Barnacle has developed products that are protecting recreational, military, and industrial vessels around the world. Their flagship product, BRNKL (pronounced ‘barnacle’), is for boaters who need to be able to check in on their vessel remotely from their smartphone, tablet, or computer. Like a “home security system for your boat”, users can see inside of their vessel using an onboard camera while also monitoring critical alerts such as anchor drag, low batteries, loss of shore power, and high-water. Unlike standard marine electronics that provide monitoring while on board, Barnacle Systems provides a global cellular service for remote monitoring. Whether you’re at the dock, at home, or halfway around the world your boat is at your fingertips. https://www.brnkl.io
About Ready to Rocket
Ready to Rocket is a unique business recognition list that profiles technology companies with the greatest potential for revenue growth. Each year, based on analysis of trends that will drive growth in the information technology sector, Rocket Builders identifies the top private companies that are best positioned to capitalize on the trends for growth. This selection methodology has been an accurate predictor of growth with “Ready to Rocket” companies exceeding the industry growth rate and “Emerging Rocket” companies most likely to gain investment. http://www.readytorocket.com
