Paratech, which is accelerating performance growth through the recent appointment of a new CEO and expansion of orders, has successfully established an overseas sales network through a global exhibition. Paratech plans to actively expand its overseas exports, focusing on North and Central and South America, starting from this exhibition.
Paratech, a fire protection specialist company, announced on the 28th that it participated in the '2023 NFPA (National Fire Protection Association) Conference & Expo' held in Las Vegas, USA, and signed MOUs with two well-known local fire protection companies to expand business relationships and scope.
The companies that signed MOUs with Paratech this time are ABFP (American Backflow & Fire Prevention) and AFSS (Alliance Fire Safety Specialists). Both companies have strong networks related to fire protection products and services in the United States, raising expectations for synergy in entering the North American market.
ABFP is a fire protection company with 30 years of experience in Illinois, selling various fire protection products including fire alarm systems, fire pumps, and sprinklers for commercial and residential facilities. AFSS, headquartered in Hawaii, is a fire protection equipment specialist company that provides inspection and maintenance services for fire protection equipment and helps buildings comply with NFPA fire-related regulations and standards.
The 'NFPA Conference & Expo' is a large-scale fire protection exhibition attended by fire-related companies from around the world. Paratech participated in this exhibition together with KFI (Korea Fire Institute), showcasing fire protection products and technologies, and held partnering meetings with over 30 fire protection companies over three days. The company explained that through meetings with various companies, it was able to further specify its global market expansion strategy.
A Paratech official said, "Through this global fire protection exhibition, we secured a foothold in the North and Central and South American fire protection markets and established close networks with local companies," adding, "In the North American market, where supply shortages are occurring due to consecutive natural disasters such as wildfires, Paratech's fire protection products certified by overseas standards such as UL and FM are expected to secure market competitiveness compared to Chinese products."
He added, "Based on our know-how in the domestic fire protection market, we will expand new overseas orders and accelerate performance growth."
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