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Trade Technologies Opens Singapore Office

Global Leader in Trade Document Solutions Expand Reach to Key Multi-National Export Market

March, 2013/AUSTIN, TX— Trade Technologies, the global leader in international trade document solutions, announced today the opening of their new office in Singapore. Singapore is Trade Technologies’ second office in Asia and its thirteenth office worldwide.

Trade Technologies’ web-based platform and outsourced services provide exporters with accelerated receipt of international payments under letters of credit and other complex trade payment mechanisms. Trade Technologies’ patented Global Trade Management Platform automates the creation and electronic delivery of UCP 600 compliant letter of credit documents to the world’s largest global trade banks, eliminating discrepancies, lowering transaction costs and enhancing reporting for exporters.

“Singapore is an enormously important hub for our multinational export customers and international trade bank partners. Many of our existing 1200 customers already have their global treasury centers in Singapore. This concentration along with new customers recently added in 2012 in the chemicals, technologies and oilfield services industries made Singapore a perfect fit for Trade Technologies’ next office,” said Kirk Lundburg, President and CEO of Trade Technologies. “We have been in Hong Kong for almost 10 years and it is our largest operations office. Singapore is a natural extension of that solid base.”

Trade Technologies’ Operations office in Singapore will be managed by Caleb Chan, Director of Operations – Asia Pacific. Caleb is based in Hong Kong and has managed Trade Technologies’ operations in Asia since their opening in 2005.

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.