€5m US Contracts Announced by Irish Companies During Taoiseach’s US Visit
Enterprise Ireland Announces 32 Irish Companies Open US Offices in 2010
NEW YORK, NY and DUBLIN, Ireland, July 14, 2010 -- In conjunction with An Taoiseach, Brian Cowen's visit to New York, Enterprise Ireland today announced new US deals for Irish companies totaling €5m (US$7m).
Enterprise Ireland, which is responsible for supporting the internationalisation of Irish companies, also announced that since the beginning of 2010, 32 Irish companies have opened offices in the US to expand their global outreach from their Irish base. Eight of these firms established an office in New York where they join 39 other Irish companies with a presence there.
The US accounts for over 20% of total exports from Ireland. Ireland is 13th largest investor in the US with 82,000 Americans employed by more than 220 Ireland-based companies across all 50 states. Enterprise Ireland, the Irish state agency responsible for the development of Irish companies, has three offices in the US that work closely with Irish companies to help them access the US market and increase their export sales.
Among the contracts announced with An Taoiseach were:
Ireland-based Accuris Networks, an innovator in roaming interworking and device management technology, announced contracts with a combined value of US$2.7 million with three leading US wireless services providers.
Bord na Mona Environmental Products U.S. Inc, a premier provider of water reuse, wastewater and odor-control treatment technologies, and the U.S. subsidiary of Ireland-based Bord na Mona announced a partnership agreement with All Tech Environmental (All Tech). The agreement, which was arranged by Wastewater Technologies, Inc. (WTI), provides for the supply of proprietary technologies that will be used to treat wastewater in commercial and residential development markets that require nitrogen and phosphorous removal to high-performance permit levels, water reuse, and high-strength waste applications. Within a short time frame, WTI and All Tech, together with Bord na Mona have established a pipeline of projects valued in excess of US$3 million.
Ireland-based Airtel ATN, a leading supplier of aeronautical telecommunications network (ATN) software to the global aerospace industry announced it will provide key data link software, avionics test equipment and development services to several U.S.-based companies and research organisations involved in the design and implementation of the Federal Aviation Administration's (FAA) NextGen Air Transportation System (ATS) program. Airtel ATN expects the contracts to result in revenue of approximately US$1 million in 2010. The company is already involved in providing similar products and services to the European Union's EUROCONTROL Link 2000+ program.
An Taoiseach praised the Irish companies for their continuing sales successes in the US market. He also commended those that recently established US operations, noting:
"It takes confidence and courage to expand during challenging economic conditions. By creating a presence in the US, these companies are validating the competitive strength of their products and services and highlighting the importance of this market to their global business. Most importantly, through their commitment to the US market, they are supporting employment at home.
"These companies join many other Ireland-based companies with established operations in the USA, making Ireland the 13th largest investor here. This sustained investment trend aligns well with our National Development Plan which recognises the importance of export-led growth in top sectors such as ICT, life sciences, international services, industrial and consumer products, and educational services."
For more information on Enterprise Ireland, please visit www.enterprise-ireland.com or www.americas.enterprise-ireland.com