NEWS & EVENTS

PRESS RELEASE

Trade Technologies Opens Chicago Office

Global Leader in Trade Document Solutions Expands Footprint to Include Key U.S. Export Market 

September 7, 2011/AUSTIN, TX—Trade Technologies, the global leader in international trade document solutions, today announced the opening of an office near Chicago's O'Hare International Airport. It will be Trade Technologies' eighth U.S. office and it's eleventh worldwide.

"Chicago and the rest of the Midwest are extremely important U.S. export centers. Agricultural and manufacturing exporters can both benefit from Trade Technologies' unique mix of trade documentation software and outsourced letter of credit document services," said Kirk Lundburg, CEO of Trade Technologies. "This office demonstrates our commitment to helping exporters and forwarders in this very important region streamline and automate their international trade document process."

The Director for Trade Technologies' new Chicago office is Marcela Lundgren. She brings over 25 years of international letter of credit and logistics experience to Trade Technologies. Ms. Lundgren was previously the founder of Global L/C, a company specializing in document preparation for letters of credit. She has also worked for several global freight forwarding companies in Chicago.

"We are extremely fortunate to have a professional, with Marcy's experience and skill, leading our efforts in the vital Chicago export market," Lundburg said. ""We have over two dozen customers in the Chicago area already and we will aggressively leverage our industry-leading software and services to build our business in Chicago as we have in other U.S. and international markets."

Earlier this year, Trade Technologies was awarded the Presidential "E" Award for Exports by the U.S. Department of Commerce. The "E" Awards are the highest recognition any U.S. entity may receive for supporting export growth.

Trade Technologies was founded in 1999.  Over 1000 exporters, global trade banks and freight forwarders rely on Trade Technologies' software and outsourced services to process over $7 billion dollars in international trade transactions each year.

Trade Technologies has offices in Atlanta, Austin, Boston, Chicago, Hong Kong, Houston, Istanbul, London, Los Angeles, Mumbai, New York, San Francisco, and Singapore.

About Trade Technologies

Founded in 1999, Trade Technologies (www.tradetechnologies.com) is the largest global provider of trade document services and software. From its offices in Asia, Europe and North America, Trade Technologies provides leading exporters, freight forwarders and international trade banks with trade document solutions, training and consulting.

The Company’s web-based TradeSharp platform and outsourced services enable customers to streamline their operations, save money, accelerate payments, and eliminate discrepancies traditionally involved in international letter of credit, documentary collections and open account transactions. More than 1,500 exporters, global trade banks and freight forwarders depend on Trade Technologies’ services to process almost $10 billion in international trade transactions each year. Globally, Trade Technologies is presenting original letter of credit and other trade documents online to 66 examination offices of 24 banks in 13 countries.

Trade Technologies was named by Silicon Review as one of the “50 Smartest Companies of the Year 2016.” In 2015, Trade Technologies was awarded the Presidential “E” Star Award for Export Services by the U.S. Department of Commerce and was selected by CIO Review Magazine for its annual list of the 20 Most Promising Banking Technology Solution Providers. Trade Technologies was voted the “Best Trade Tech Solutions Company” in 2012 by readers of Trade Finance Magazine. In 2011, Trade Technologies won the Presidential “E” Award for Exports through the U.S. Department of Commerce, the highest recognition any U.S. entity may receive for supporting export growth. In 2010, the Company was awarded a patent on the TradeSharp software platform and process.