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2016 Florida Export Guide

Florida.Think.Global

For one company that operates triathlons overseas, it was

essential for them to work with vendors and suppliers in those

countries and to set up the financial infrastructure, such as

international accounts, to accommodate transactions. Doing

this allowed the company to enter those markets more quickly

to facilitate its races and ultimately reach more customers.

Proceed at the Right Pace

When setting up operations in new regions, go slow —

even in high-growth areas such as Asia Pacific. A pilot pro-

gram can “test the waters” before embarking on larger

operations. Also, perform due diligence on a country-by-

country basis to understand the wide variety of regulatory

environments, language and culture.

Countries like Argentina, Brazil, China and India may be

more of a challenge to enter, but they’ve got a lot to offer.

Instead of shying away, just be aware of the risks, have a strong

support team and strategy in place, and ensure appropriate

funding for setting up operations. Having a law firm in the

specific country to represent the company is a good initial step.

As the consumer world market grows, our team wants to

make sure you have access to the best

opportunities.We

’re

here to show you how to proceed prudently and cautiously.

For more on how your local business in Florida can move into

international markets or expand your footprint, contact our team.

To understand the complexities of foreign market entry, visit

bofaml.com/worldmarketsmap.

For marketing disclaimer, visit

bankofamerica.com/disclaimer.

©2016 Bank of America Corporation. 11-15-0031.Y

Jacksonville, Tallahassee,

Pensacola

Mark Bennett

mark.k.bennett@baml.com

904-791-5557

Jacksonville, Orlando,

Tampa

Doug Davidson

doug.davidson@baml.com

813-225-8137

Orlando, Lakeland,

Daytona

Victor Rivera

victor.r.rivera@baml.com

407-420-1683

Greater Tampa

Bill Goede

bill.goede@baml.com

813-225-7533

Treasure Coast,

Palm Beach, SW Florida

Doug Sherman

douglas.sherman@baml.com

561-838-2228

Palm Beach,

Ft. Lauderdale, Miami

Jean Bell

jean.bell@baml.com

305-347-2922

Ft. Lauderdale

Lori Chevy

lori.chevy@baml.com

954-765-2701

Miami

George Bermudez

george.bermudez@baml.com

305-347-2873

S

unoptic Technologies, based in Jacksonville, has made

exporting a key component of its growth strategy.

Today, more than 25 percent of the fiber optic manu-

facturer’s sales come from outside of the USA.

“Sunoptics Surgical, our brand name, is a leader in the

surgical market place,” says Dave Mutch, the company’s

vice president. “We offer a premium advanced technol-

ogy line of products; surgical headlights, Xenon and LED

light sources, video cameras, documentation/recording

devices, fiber optic cables and a full array of accessories,

parts and repair services through exclusive global distribu-

tion direct to the surgical marketplace.”

Moreover, the company’s OEM unit provides custom

illumination and imaging solutions for a broad range of

customers, including medical technology, life science,

industrial/machine vision, and dental applications.

As part of its global diversification strategy, Sunoptics

Technologies has exhibited in various Florida Pavilions at

international medical shows such as: Medica, Arab Health,

CMEF and Medical Fair Thailand.

“Enterprise Florida’s participation at Medica is a key com-

ponent of our marketing plan,” says Mutch. ‘”As a small busi-

ness, it would be very difficult to participate on our own.

We would never be able to present ourselves in the same

positive and professional way as a trade show offers. The

services provided also enable us to have a larger presence.”

Bank of America Merrill Lynch

Commercial Banking Leadership

Sunoptic Illuminates theWorld

with Florida-made Technology

F L O R I D A S U C C E S S S T O R I E S

Sunoptic Technologies exhibiting at Medica 2015, Florida’s Pavilion in Dusseldorf, Germany.

“As part of its global diversification strategy, Sunoptics

Technologies has exhibited in various Florida Pavilions…”