Innovation, Trade and Rural Development
June 29, 2010Pasadena Company
Targets Increased Visibility
Pasadena-based Visible Innovation is receiving $25,000
from the Provincial Government to assist with the implementation of a
marketing plan to target domestic and international markets. The
company's marketing activities are focused on increasing awareness of
its photoluminescent safety signage technology and to secure greater
utilization of its product at industrial worksites.
"This business is being driven by innovative entrepreneurs who are
thinking big and exploring opportunities to expand and increase export
activity with its photoluminescent safety signage technology," said the
Honourable Shawn Skinner, Minister of Innovation, Trade and Rural
Development. "Through its research and development, and industry
knowledge of the various regulatory regimes, Visible Innovation has
positioned itself as a major player within this emerging market. I've
seen first-hand the uniqueness of its product and am confident that it
holds significant promise as industrial worksites seek greater safety."
The uniqueness of Visible Innovation's signage has recently been
highlighted by its new contracts with a wide range of clients, such as
federal and state governments, along with oil and gas companies. Its
signs are based on technology that absorbs light energy that is
re-emitted as visible light during dark or blackout conditions, enabling
the company to supply some of the world's brightest non-electrical
luminaries. Additionally, its technology enables it to adapt to specific
requirements and to manufacture customized products.
"Visible Innovation has developed a superior product line and priced it
competitively so we fully expected it to be well-received in the
marketplace," said Ralph Eldridge, President, Visible Innovation. "What
we did not expect was how ripe the United States export market was. As
we proceed forward, we are currently working to develop new markets in
South America and the European Union and plan to continue to draw on the
available trade expertise within the Provincial Government."
As part of its marketing strategy, Visible Innovation will participate
in key industry trade shows and events and meet directly with existing
and potential clients. It will also focus on opportunities in the oil
and gas sector where demand for safety signage technology is rising.
"By increasing awareness of its product, Visible Innovation is taking
the steps it needs to increase its business activity," said Darryl Kelly
MHA, Humber Valley. "It is always extremely satisfying to see the rise
of young entrepreneurs who are leading their business into new markets
and strengthening the province's business community."
For more information, please visit
www.visibleinnovation.com.
This initiative was funded through the Business and
Market Development Program, which, through Budget 2010: The Right
Investments — For Our Children and Our Future, has $1 million available
for investment. Administered by the Department of Innovation, Trade and
Rural Development, the program provides new entrepreneurs and expanding
small businesses with matching funding to help them acquire the
necessary expertise to pursue new business ideas and markets.
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Media contacts:
Scott Barfoot
Director of Communications
Department of Innovation, Trade and Rural Development
709-729-4570, 690-6290
scottbarfoot@gov.nl.ca |
Ralph Eldridge
President
Visible Innovation
709-686-0700 |
Donna Ivey
Communications Manager
Government Members Office
709-729-0898, 697-1424
donnaivey@gov.nl.ca |
|
2010 06 29
11:45 p.m.