Virginia Company Increases Export Sales thru Virginia’s International Trade Programs
-NOVA Power Solutions, Inc. signs new customers in Europe and the Middle East-
RICHMOND - The Virginia Economic Development Partnership (VEDP) announced today that NOVA Power Solutions, Inc. (NOVA), a leading supplier of high-quality power solutions, has increased sales into its export markets as a result of the company’s participation in Virginia’s international trade programs. Through VEDP-led market visits to Eastern Europe and the Middle East in 2013, 2014 and 2015, NOVA found new customers in Europe and the Middle East. Two visits to Canada also led to increased sales in NOVA’s North American market.
VEDP assists Virginia companies in increasing their international sales through a wide range of international trade development programs. Programs include market research available in 70+ countries, arranging international business trips for Virginia companies, the Going Global Defense Initiative (GGDI) for defense contractors, and the marquee Virginia Leaders in Export Trade (VALET) program.
“NOVA Power Solutions is now reaching customers in over 20 different countries,” said Virginia Secretary of Commerce and Trade Maurice Jones. “Helping existing businesses of all sizes and in all regions across the Commonwealth find new markets outside the U.S. is one of the most effective business expansion strategies. I am pleased to see more results of Virginia’s outstanding international trade programs.”
NOVA Power Solutions, Inc. has been a leading supplier of high-quality power solutions to the U.S. military, as well as other industrial infrastructures, since 1988. NOVA Power’s customizable rack-mount rugged and ruggedized uninterruptible power supplies are designed to MIL-STD compliance and particularly suited to shipboard, tactical military and other harsh operating environments. Its power conditioners, converters, distribution and battery backup solutions provide customers with a wide-range of power protection and backup alternatives. NOVA Power Solutions is a certified woman-owned, small business. www.novapower.com
“The variety of services offered by VEDP are excellent and scalable to our market needs,” said Kurt Worden, Director of Business Development at NOVA.
The Virginia Economic Development Partnership, a marketing organization, was created by the Virginia General Assembly in 1995 to encourage, stimulate, and support the development and expansion of the economy of the Commonwealth. To accomplish its objectives of promoting economic expansion within the Commonwealth, the Partnership focuses its efforts on business recruitment, expansion and international trade. VEDP offers numerous programs to assist Virginia companies sell into the global marketplace.