New Hampshire Business Matters
WTPL • FM107.7
Hosted by: Ken Cail
Published: February 20, 2015
Fresh off participating in the Arab Health trade show in Dubai, Tom Gannon and Paul Fuller of Intrinsyk in Salem, NH, talk about their experience and how the NH Office of International Commerce and US Commercial Service assisted with making business connections.
NHEconomy.com • The Division of New Hampshire Economic Development
Published: February 9, 2015
Two New Hampshire companies join the Best of New England booth at the 40th annual Arab Health Exhibition and Congress in Dubai, the second largest healthcare trade show in the world and the largest in the Middle East, which runs Jan. 26-29.
Intrinsyk Medical of Salem, which designs, manufactures and distributes medical devices related to diabetes treatment, and Lamprey Networks Inc., of Durham, provider of connected health products, solutions and services for remote monitoring, will be a part of the Best of New England booth, which is a partnership of trade offices in the region and US Commercial Service.
This is the first time the New Hampshire Office of International Commerce will have a presence at this trade show, which will give the state an opportunity to tout one of its fast growing sectors.
“About 7,000 people are employed in bio-medical manufacturing and research – that’s 14 percent higher than the national average in this industry,” said Carmen Lorentz, director of the New Hampshire Division of Economic Development, which oversees the OIC. “Projections indicate the number of jobs will grow by 10 percent in the next five years. Arab Health is a great place to highlight this important sector in our economy.”
Representatives of the companies participating in the show agree.
“This is a key show because of the potential clientele that visit the show,” said Tom Gannon, Intrinsyk’s vice president for commercial operations. “This is where we can meet decision makers in one place.”
Founded in July 2013, the company seeks to expand its global markets, he said.
Intrinsyk’s products, including blood sampling devices and needles used for insulin pens, will be of particular interest in the Middle East and North Africa, where an estimated one in 10 adults has diabetes, with half of those undiagnosed.
“There are areas in the region that are remote and our technology can help people there,” Parker said. “This is an opportunity to bring forward our products and find partners in these regions – the Middle East and Eastern Europe.”
While the cost of attending an international trade show like Arab Health would be prohibitive for small New Hampshire companies, funding from the State Trade Export Promotion grant makes it possible for them to participate. The Best of New England booth model further provides exposure to growing sectors in the northeast, which raises the profile of the region.
The Division of Economic Development provides assistance to businesses throughout the state, acting as a single point of contact.
For more information or assistance, contact the Division of Economic Development at 603-271-2591 or firstname.lastname@example.org. For information about international trade, visit www.exportnh.org.
NH Division of Economic Development