SOURCE: TradeBeam

June 17, 2008 08:00 ET

Vision Systems International Selects TradeBeam's Global Trade Management Solution for Export Compliance

TradeBeam's Advanced Restricted Party Screening Capability Is a Key Part of a Comprehensive Export Management Solution for Compliance With the Stringent Requirements of the Aerospace and Defense Industry

SAN MATEO, CA--(Marketwire - June 17, 2008) - TradeBeam, Inc., a leading provider of on-demand Global Trade Management (GTM) software and services, today announced that Vision Systems International LLC (VSI), the world's leading supplier of helmet-mounted cueing systems for fixed-wing, tactical fighter aircraft, will access TradeBeam's global trade management solutions to ensure export compliance with the stringent requirements of the aerospace and defense industry.

TradeBeam's on-demand global supply chain management software will assist VSI with license management, a complex process given that VSI is a multi-national partnership, requiring the company to track hardware and software exports as well as data exports and defense services. TradeBeam will assist VSI in complying with regulations related to tangible goods, documentation, and human resources.

"To strengthen our export compliance capabilities, we chose to work with a company that has the knowledge, track record, and business model to deliver a highly accurate, cost-effective service," said Drew Brugal, president of VSI. "Our export management process is extremely complex, and TradeBeam's approach to export compliance will enable us to more easily meet the expectations of our customers as well as Department of State and Department of Defense requirements with greater precision and confidence."

"The aerospace and defense industry faces complex and stringent export requirements, and the ability of TradeBeam to support VSI's particularly complicated situation within the industry is a testament to the flexibility and thoroughness of our export management solution," said Graham R.F. Napier, CEO and president of TradeBeam. "TradeBeam's integrated platform, which also includes Export Administration Regulations and foreign country export compliance solutions, will enable VSI and other companies, both in and out of the aerospace and defense industry, to have command over their global supply chain for secure, compliant and cost-effective trade."

Aerospace and defense spending is on the rise. According to "A&D IT Spending Aims for Business Performance in 2008," a report by AMR Research, "A&D IT spending priorities are focused on managing risk through improved compliance while also providing improved visibility to business performance and delivering a high level of customer service. A&D is expected to increase IT spending by a healthy 9.1% in 2008, slightly exceeding the cross-industry total of 8.0%."

Leveraging the most comprehensive and up-to-date trade content in the industry, TradeBeam's solution streamlines the entire lifecycle of global trade across order, logistics, international trade finance and settlement activities to improve operating efficiencies and cash flow. TradeBeam clients achieve improved information accuracy, increased productivity of their trade compliance resources, and reduced administrative effort.

About TradeBeam

TradeBeam is a Global Trade Management (GTM) software and services company providing on demand solutions that streamline global trading for enterprises and their partners. TradeBeam's integrated solution provides import and export compliance and visibility including inventory management, shipment tracking, and supply chain event management, as well as global trade finance solutions such as open account and letter of credit management.

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