Two-year export program provides resources to support international business expansion

RICHMOND, VA — The Virginia Economic Development Partnership (VEDP) today announced the acceptance of an Arlington County company, SYNEXXUS, Inc., into its two-year Virginia Leaders in Export Trade (VALET) program. The VALET program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as a growth strategy. To participate, each business must meet both quantitative and qualitative selection criteria. Participating firms are chosen based on their dedication to growing export sales. To date, 316 Virginia companies have been accepted to participate in the VALET program.

“Increasing trade and trade-related jobs in Virginia are among VEDP’s top priorities,” said VEDP President and CEO Stephen Moret. “Executed by VEDP’s world-class International Trade team, the VALET program has a proven track record of providing participating companies with the tools and insights necessary for successful export sales. We expect that the Virginia companies joining the program will increase their international sales over the next two years, contributing meaningful growth to the Commonwealth’s economy.”

“The VALET program puts participating companies on the fast track to international business growth by connecting them with the necessary tools for successful international sales,” said Paul Grossman, VEDP Vice President of International Trade. “We are happy to welcome SYNEXXUS to VALET and look forward to working with them over the course of the next two years.”

Currently, the VALET program has 49 companies as participants. The program provides participating companies with export planning services and assistance from a team of experienced international service providers to help meet their international goals. These private sector service providers contribute essential expertise to assist companies in executing export plans and include attorneys, web designers, bankers, translators, accountants, and freight forwarders.

“We are excited to be a part of the July 2018 VALET program class and are anxious to work with VEDP and its partners to take our international sales efforts to the next level,” said Gregory Glaros, CEO and Founder of SYNEXXUS. “The success of our domestic smart power, mining and industrial IoT business, as well as our ongoing defense efforts, puts SYNEXXUS in a great position to pursue these high-growth markets globally, and the VALET program will provide us with the expertise and resources needed to be successful in those ventures.”

The Commonwealth of Virginia exports more than $35 billion in goods and services annually. Exports of Virginia’s products and services to the world are vital to the growth of the Commonwealth, supporting more than 257,000 jobs and generating $2 billion in tax revenue. VEDP offers numerous programs to assist Virginia companies with selling into the global marketplace and has a network of international market research consultants covering more than 70 countries around the globe.

SYNEXXUS, Inc.

A Service-Disabled Veteran-Owned Small Business (SDVOSB) headquartered in Arlington, Virginia, SYNEXXUS delivers market-proven Defense and Industrial Internet of Things (I2OT)™ products and services, including our Sentinel™ Smart Control platform for smart city network management and control, as well as other “smart” solutions for the municipal, industrial, mining, energy, and defense sectors. For more information, visit www.synexxus.com

Virginia Economic Development Partnership

The Virginia Economic Development Partnership 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.

For more information on the VALET Program, visit: www.exportvirginia.org/services/programs-grants/

 

###

Press Contact(s)