Hydraulics International, Inc. (HII)
Industry: Aerospace and Defense
Export Markets: Singapore, Indonesia, and South Korea
Activity Funded: Exhibition at the 2020 and 2022 Singapore Airshows
Outcome: Five sales agreements valued at a total of $1.688 million in 2020 and one sales agreement valued at $658,000 in 2022, in addition to anticipated future export sales of $2 million.
“HII thanks California STEP and the U.S. Commercial Service for continuing to support small businesses like HII to achieve export sales.”
~ K.C. Tan, Sales and Marketing Director
Hydraulics International, Inc. (HII) has been in business in Los Angeles, California since 1976, providing aviation ground support equipment for U.S. military and commercial aircraft globally. They utilized California State Trade Expansion Program (STEP) funding to exhibit at both the 2020 and 2022 Singapore Airshows and have established multiple sales agreements and developed new sales opportunities through their participation. HII has been participating in the Singapore Airshow since 2014. During the 2020 event, even with the uncertainty of an in-person trade show affected by the COVID-19 pandemic, HII still achieved successful sales, including two sales agreements secured in Singapore worth a total of over $1 million, two sales agreements in Indonesia worth a total of $618,000, and one sales agreement in South Korea worth $70,000. During the 2022 Singapore Airshow, HII established a new sales agreement in Singapore worth $658,000, generated multiple new sales leads, and anticipate future export sales valued at $2 million.
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Publication Date: March, 23, 2022