October 21, 2020
Tuesday, February 25, 2014
Enterprise Florida-led trip provides exposure in Middle East for life science companies
ORLANDO, FL (February 24, 2014) – Today, Secretary of Commerce and president & CEO of Enterprise Florida (EFI) Gray Swoope announced that the EFI-led trip to Arab Health 2014 resulted in more than $111 million in total projected sales for 24 Florida life science companies. The show, held January 27-30 in Dubai, is the second-largest medical trade show worldwide. Florida has attended the show for nearly a decade and had the largest state pavilion this year.
“Florida has a very extensive life sciences sector, and the state is serious about strengthening its position as a leader in the industry,” said Secretary Swoope. “We want to help Florida’s life science companies grow and Arab Health gives participating companies the exposure needed to maintain success in Florida and expand their export sales.”
The Florida pavilion at Arab Health exhibited 24 life science companies with various specialties, including: ventilators, infusion pumps, syringe pumps, electrosurgical equipment, surgical sutures, patient monitoring systems, and defibrillator monitors. The Middle East is an expanding market with substantial opportunities for Florida companies to increase their exports. The show hosted more than 3,900 exhibitors from 64 countries with 38 dedicated country pavilions. The visitor numbers surpassed 81,000 attendees this year.
Companies in the Florida Pavilion this year included:
“Digicare Biomedical Technology’s presence at Arab Health was a huge success due to the assistance we received from Enterprise Florida. Exhibiting in the Florida Pavilion distinguished Digicare as a U.S. manufacturer and drew more visitors to our booth. We had well over 100 visitors which will generate into new distributors in the Middle East. We expect to develop long term relationships with these companies increasing our international sales. Enterprise Florida’s help is vital in helping small companies like Digicare become successful,” said Eduardo Miranda, President of Digicare Biomedical Technology. Based in Boynton Beach, Digicare Biomedical Technology designs and manufactures vital signs monitors.
“We generated a lot of interest as a result of the show from possible customers, giving us a great opportunity for increased revenue. In addition, receiving a grant from Enterprise Florida allowed us to invest in the growth of our business. Overall, participating in Arab Health with Enterprise Florida has been a complete success for our company,” said Amanda Felix, President and CEO of US DEFIB MEDICAL TECHNOLOGIES. Based in Medley, US DEFIB makes defibrillator monitors.
EFI maintains an extensive schedule of overseas trade missions and exhibitions worldwide. In fiscal year 2012-13, EFI hosted 19 major overseas events with 412 participants. In all, 41 international trade events were held last fiscal year, generating nearly $726 million in total projected export sales reported. In addition to those trade shows, EFI also provides export counseling sessions across the state. In fiscal year 2012-13, EFI conducted 5,750 such sessions.
Total projected sales from recent EFI international events as reported by attending companies include:
Nine Florida companies reported combined total actual and expected export sales of $19 million.
Florida exhibitors who attended the Germany-based show reported $158.8 million in total projected sales.
Dubai Airshow resulted in more than $67 million in expected sales for 11 Florida aviation and aerospace businesses.
Florida has the second-highest number of exporters (60,000) in the nation and accounts for 20 percent of all U.S. exporters. EFI organizes more than 30 international export development events annually with nearly 1,000 small and medium-sized enterprises (SME) participating. Florida’s total trade hit $158.4 billion in exports plus imports in 2013, with the Miami Customs District having the second-highest trade surplus among all 46 U.S. Customs Districts. Florida has a number of strengths to leverage, including one of the fastest growing international economies, strong air and seaport infrastructure, and a large and well-qualified multicultural workforce. Learn more about Enterprise Florida’s export assistance programs.
Enterprise Florida, Inc. (EFI) is a partnership between Florida’s businesses and government leaders and is the principal economic development organization for the state of Florida. EFI facilitates job growth for Florida businesses through recruitment and retention, international trade and exporting, promotion of sporting events, and capital funding programs to assist small and minority businesses.