APEC Business Spotlight: Oceanit Hopes to Find Success in Asia-Pacific Region
Oceanit is a small business located throughout the Hawaiian Islands. Founded in 1985, Oceanit is one of Hawaii's largest and most diversified science and engineering companies. The company owns state of the art facilities for nanotechnology, biology, laser/optics and electronics. Focusing on innovation, Oceanit employees work primarily in the aerospace, life sciences, engineering, and information systems fields.
Nanite by Oceanit at APEC 2011 Ministerial and Economic Leaders' Meeting
Oceanit relies on trade with countries within the Asia-Pacific region, specifically Hong Kong, for part of its sales. Trade enables Oceanit to generate external revenues and to diversify their research, allowing the company to continue to create U.S. innovations that lead the world.
Currently, exports account for less than 5 percent of Oceanit’s sales; however the company hopes to find success in within the Asia-Pacific region. Oceanit, which has an exhibit at the 2011 APEC Ministerial and Economic Leaders’ meeting, is looking to expand exports to additional APEC member economies.
Through APEC, USTR is working to remove trade barriers and open markets for small businesses like Oceanit. As the Obama Administration works to expand trade relations in APEC, Oceanit will be able to hire additional employees, create more innovative technologies, and continue to keep America competitive.
You can learn more about APEC 2011 initiatives by visiting USTR’s APEC 2011 webpage here.