SOURCE: Megadyne Medical Products

Megadyne Medical Products

June 23, 2009 10:00 ET

Megadyne Recognized for Export Achievement by U.S. Department of Commerce

Megadyne Cited for Success in Exporting by Rick C. Wade, Deputy Chief of Staff to the Secretary of Commerce

DRAPER, UT--(Marketwire - June 23, 2009) - Megadyne Medical Products, a leading developer, manufacturer and supplier of electrosurgical products, has been recognized with an Export Achievement Certificate from the U.S. Department of Commerce.

The citation was presented by Mr. Rick C. Wade, Senior Advisor and Deputy Chief of Staff to the Secretary of Commerce, U.S. Department of Commerce, to Megadyne President and CEO, Rob Farnsworth. The presentation was made in conjunction with Zion's Bank International Trade and Business Conference, recently held in Salt Lake City, Utah.

Issued by the Director General of the U.S. Commercial Service, the trade promotion unit of the U.S. Department of Commerce's International Trade Administration, the Export Achievement Certificate recognizes small and medium-sized enterprises that have successfully entered the international marketplace for the first time, or that have successfully entered a new market. It is awarded to both private companies and organizations committed to exporting endeavors.

"Megadyne has been on a progressive international expansion course, and we have successfully grown our export business averaging over 30% annually since 2004," said Paul Frandsen, Megadyne's Director of International Sales. "The U.S. Commercial Service's export assistance and the State of Utah export assistance has been a valuable resource for use as we expand globally."

"We are excited about Megadyne's rapid growth in international markets and feel they are well positioned for future growth," said Jeff Hamilton of the U.S. Commercial Service. "Megadyne is an excellent example of a company that is able to succeed internationally due to its advanced technology, corporate leadership and commitment to developing markets overseas."

The U.S. Commercial Service has over 100 offices around the United States and 150 overseas and assists companies such as Megadyne succeed internationally through its global network of international trade specialists.

Additional participants included: Dave Fiscus and Jeff Hamilton from the U.S. Department of Commerce's U.S. Commercial Service as well as Paul Frandsen, Tyler DeHart, and Steven Elder from the Megadyne International Management Team.

About MEGADYNE

MEGADYNE, www.megadyne.com, is the recognized authority on non-stick electrosurgical electrodes and cost-effective surgical devices. The company was founded in 1985 to facilitate the research and development of high quality, cost effective medical products for surgeons and nurses.

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