DBED Leads Delegation of Maryland Companies to MEDICA 2014

BALTIMORE, MD (November 12, 2014) – Maryland Department of Business and Economic Development (DBED) Secretary Dominick Murray is leading a delegation of Maryland companies this week to MEDICA 2014, the world’s largest medical trade show held every year in Dusseldorf, Germany. This marks the fifth year that Maryland, through DBED’s Office of International Trade and Investment, has participated in this global trade show, part of a continuing strategy to boost trade and promote Maryland to overseas businesses. The State will host a 54 square-meter booth and each of the eight Maryland companies in the delegation will have a kiosk within the booth to showcase their products and services to the more than 130,000 attendees from around the world.

“MEDICA is truly a unique opportunity to reach the decision makers of many of the world’s largest medical device and diagnostic companies and encourage them to explore Maryland as the ideal place to establish operations,” said Secretary Murray. “With more than 4,500 exhibitors from 65 countries, the show will also help connect our participating companies with new avenues for investment and trade.”

“Maryland companies that have been a part of the State’s delegation to MEDICA have generated more than $5 million in additional revenue from exporting their products to new overseas customers,” said Signe Pringle, Director of DBED’s Office of International Trade and Investment. Pringle added that many of the companies attending this year and in prior years have applied for and received a $5,000 ExportMD grant, which is awarded to small- and mid-sized companies to help them promote their products and services globally. The grant covers travel and marketing expenses associated with attending international trade shows. On average, 35 Maryland companies per year receive funding and in the past two years, grant recipients have reported more than $133 million in export sales.

The Maryland companies attending MEDICA this year include Bioelectronics (Frederick County), the maker of advanced drug-free consumer medical devices; Clear Guide Medical (Baltimore City), a company specializing in developing guidance systems for ultrasound-based medical interventions; Dimetek Digital Medical Technologies (Montgomery County), developer of a portable ambulatory ECG device; Get Real Health (Montgomery County),  a global health information technology pioneer specializing in patient engagement and connected care solution; Gould Technology LLC (Anne Arundel County), a leading manufacturer of passive fiber optic products; IOB Medical Inc.(Montgomery County), manufacturer and distributor of medical devices for the women’s healthcare industry; MedServ International (Montgomery County), a global leader in the endoscope and surgical instrument repair industry; and Tetracore, Inc.(Montgomery County), a biotechnology company specializing in the development and manufacture of diagnostic assays and devices for the detection of biothreat agents, veterinary and human diseases.

“We’re excited for the opportunity to present our patient engagement platform to such a large international audience,” said Robin Wiener, President and Founding Partner of Get Real Health. “And we’re grateful to DBED for awarding us the grant that’s allowing us to participate alongside other innovative Maryland companies and showcase the really exceptional work being done in the state of Maryland in the medical industry.”

ABOUT DBED: The Maryland Department of Business and Economic Development stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies. The Department promotes the State’s many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Because they are major economic generators, the Department also supports the Arts, film production, sports and other special events. For more information, visit www.choosemaryland.org.

MEDIA Contact:
Maureen Kilcullen | Deputy Director of Media Relations & Public Affairs
Maryland Department of Business & Economic Development
World Trade Center | 401 East Pratt Street | Baltimore, MD 21202
O: 410.767.1794 | C: 410.206.7171 | E: Maureen.Kilcullen@Maryland.gov
www.ChooseMaryland.org | 1.888.ChooseMD
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