Pennsylvania-Based Aquatech International Corporation Named Exporter of the Year by U.S. Export Promotion Magazine
PITTSBURGH, PA, February 29, 2008 - Aquatech International Corporation announces that it has been awarded a 2008 ThinkGlobal/Commercial News USA Exporter of the Year award from ThinkGlobal Inc., publisher of Commercial News USA, the official export promotion magazine of the U.S. Department of Commerce.
Commercial News USA is a catalog-style magazine distributed to an estimated 400,000 readers in 176 countries worldwide. Awards are given to one U.S. company in each of 15 industry categories. Privately held Aquatech was named Exporter of the Year in the Environmental category.
Winners were chosen based on the total number of documented export deals completed in 2006, total percentage increase in sales in 2006 compared to 2005, exports as a percentage of total sales, the company's commitment to exporting, the company's commitment to customer service, and the company's innovation and originality in marketing products or services. To be eligible for the award, the company must currently be exporting from the United States.
Aquatech is a provider of water treatment solutions for industrial and infrastructure markets with a focus on desalination and water reuse. The company reported total export sales of more than $180,000,000 in 2006, a 350+% increase over 2005. Founded in 1981, Aquatech International began exporting in 1983.
"Aquatech, a leading provider of water technology solutions, is committed to delivering world-class pure water, desalination, and wastewater recycle and reuse solutions to our
clients utilizing the most innovative and robust technologies available," said Venkee Sharma, president and CEO of Aquatech. "We have been exporting for more than 20 years to an extensive list of clients globally. Aquatech, with the support of the U.S.
Commercial Service, Ex-Im Bank, PNC Bank, and Citizens Bank, has continually enhanced its capabilities in securing significant export contracts."
Gregory Sandler, publisher of Commercial News USA, said that Aquatech International's success is indicative of how American companies can benefit from exporting. "With 95% of the world's market outside the U.S., there is significant growth opportunity for American manufacturers and service providers. Current economic conditions -
particularly the low value of the dollar - have made American products very appealing to foreign buyers. There is no better time than now for U.S. companies to export their
goods and services."
More information about the Exporter of the Year awards is available online at www.exporteroftheyear.com.
Established in 1981, Aquatech International Corporation (www.aquatech.com) is a global leader in water purification technology for industrial and infrastructure markets with a focus on desalination, water reuse, and zero liquid discharge. The company is headquartered in the United States, has offices throughout North America, and significant presence worldwide through subsidiaries in the United Arab Emirates, India, and China.
