A Sheffield-based telematics company has identified a number of potential business deals in the Far East while accompanying Prime Minister David Cameron on a trade mission to Asia.
Bosses at The Floow, which develops computer systems for insurance firms, made new contacts in Indonesia, Singapore, Vietnam and Malaysia.
The company’s founder and chief executive officer Aldo Monteforte joined Mr Cameron, four ministers and 30 other handpicked delegates on the business tour last week.
During the trip, Mr Monteforte met with dozens of government officials and business leaders including financial services regulators and insurers promoting the firm’s expertise, and the societal benefits of its telematics platform.
He said: “The trip was a fantastic opportunity for The Floow; doors were opened for trade opportunities and relationships established.
“We engaged with leaders who provided deep insights on the current climate in South East Asia and how we can work together.
“The countries we visited can and will bypass technological generations and embrace state of the art products and services of the kind we enable at The Floow.
“They have the appetite to adopt telematics and have the unbounded energy of large, young populations. They represent ideal markets for the global, advanced technologies we develop in Sheffield, which is becoming the global centre of excellence for telematics data mining and management.”
In addition to this latest success, the company is in the process of incorporating a wholly owned subsidiary in China and in advanced discussions with a leading potential partner.