London, UK Frequency and time measurement instruments and solutions supplier Quartzlock has picked up £400,000 worth of orders after attending a US exhibition with the backing of UK Trade & Investment, the government network that helps UK companies with trade and investment overseas.
Based in Totnes, Devon, Quartzlock promoted its products to 400 delegates from 20 countries at the Precise Time and Time Interval Show (PTTI) in San Diego with the assistance from the SOLO Show Support, a fund to help small but experienced exporters take part in exhibitions overseas,
The orders include major contracts to provide Belgian and British companies with atomic clocks. They will be used for testing satellites for the Galileo global positioning system currently under development.
Quartzlock also came back from San Diego with a contract to provide a leading high-tech Swedish company with time measurement technology, which will be used to support Sweden's national time-keeping system and telecommunications network.
Quartzlock already exports to international markets, including South Korea, Pakistan, Turkey, Germany, Benelux, Mexico and Poland.
UK Trade & Investment's its team of international trade advisers has researched new markets for the company and is currently carrying out research into a potential business partner in Russia.
Karine Davies, UK Trade & Investment International Trade Adviser, said, “Quartzlock is an experienced company which has already tackled several overseas markets, but even an experienced exporter needs advice and guidance on new markets. Through our established contacts with Embassies overseas and in-depth knowledge of export procedures, we are able to offer advice and information at all levels. Very small companies like Quartzlock can benefit in particular from this sort of support as it would simply not be possible for them to commit the time or resources to major market research projects.”
Clive Green, of Quartzlock, said of the funding towards the PTTI, “This was a really important event for us to attend as all the key players in the international industry were there. UK Trade & Investment met the costs of the exhibition space, stand and display which was a huge help.”
The SOLO Show Support Scheme may be available to UK based businesses with fewer than 250 employees that have an annual turnover not exceeding £25m (EUR 40m). The company must also have no more than 25% of its business capital or voting rights owned by any other enterprise. Eligible organisations must also have exhibited previously and be able to demonstrate that they have an export strategy in place and that exhibiting independently at the overseas exhibition is one of the most effective tools of achieving that strategy.
This year will see the South West arm of UK Trade & Investment and the RDA renew approaches to boosting exports in the region. The launch of the 2nd international trade strategy is due in July 2004. This three-year plan will continue to focus on developing international trade and promoting sustainable development, productivity and economic growth.