NEWS & EVENTS

PRESS RELEASE

Trade Technologies Opens Seattle Office


Global Leader in Trade Document Solutions Expands Reach to the Pacific Northwest

AUSTIN, TX (September 8, 2014) – Trade Technologies, the global leader in international trade document solutions, announced today the opening of an office in the Seattle-Tacoma-Everett port region. It will be Trade Technologies' fourteenth operations office worldwide.

Trade Technologies' web-based platform and outsourced services provide over 1200 exporters globally 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 cration and electronic delivery of UCP600 compliant letter of credit documents to the world's largest global trade banks, eliminating discrepancies, lowering transaction costs and enhancing reports for exporters.

"Seattle is an important U.S. export center to Asia, serving not only the Pacific Northwest, but also the major cities of the Midwest, East Coast and Canada," said Kirk Lundburg, CEO of Trade Technologies. "Opening in Seattle demonstrates our commitment to helping exporters and freight forwarders in this vital region streamline and automate their international trade document process."

Trade Technologies' Director of Operations for Seattle is Kevin Theis. He brings to Trade Technologies over 30 years of experience in international letters of credit and logistics.

"We are particularly delighted to have a professional with Kevin's experience and skill, directing our efforts in the Pacific Northwest region," added Lundburg. "We have almost 40 customers in the Pacific Northwest area already and will aggressively leverage our award winning software and services to build our business in Seattle as we have in other U.S. and international markets.

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.