DNA forensics device company, M-Vac Systems, on track to double international revenue through Utah Export Acceleration Grant
Headquartered in Sandy, Utah, M-Vac Systems is an innovator in surface sample collection. Their wet-vacuum sampling device collects micro-particles with DNA material from the surface. The device improves DNA collection and enables experts in forensics to locate and identify DNA materials. As a result, criminal investigators can generate stronger DNA profiles and solve more cases.
In Utah alone, their tool has been a critical tool in half a dozen high-profile cases, such as the Krystal Beslanowitch cold case and the murder of Uta von Schwedler. Its growing use in the U.S. forensics industry has correlated with increased recognition internationally. M-Vac believes this national reputation will increase sales exponentially as more cold cases are solved.
“Our product can change the game when it comes to forensics and DNA,” said M-Vac Systems President Jared Bradley, President of M-Vac Systems. “When we heard about the Export Acceleration Grant at a World Trade Center Utah event, we knew it was a chance for us to get in front of international law enforcement and crime lab areas.”
M-Vac Systems recently received grant funding through WTC Utah’s Export Acceleration Grant, funded by JPMorgan Chase & Co. With the funding, they travelled to Singapore, Vietnam and Australia to meet with interested buyers and potential distributors.
“Our ability to physically get in front of customers and move the sales process forward has been highly significant,” said Bradley, “As a small business that is just gaining good traction, none of the trips mentioned above would have been possible without the state and WTC Utah help.”
M-Vac Systems met with several distributors and are currently pursuing new leads within their targeted markets. They plan on increasing their sales team as their international presence increases, especially in south east Asia and Oceania markets.
“Our market potential is at least twice the size of our US market. These markets are quicker at adopting our technology. As we develop our technology and presence in these markets further, we hope our devices will play a direct role in increasing the amount and efficiency of cases being solved,” remarked Bradley.
Over the course of 2017, M-Vac Systems met with various international police agencies to demonstrate their product and technology. As a result, they saw a 50 percent increase in international sales and exports. According to Bradley, thanks to the meetings they coordinated with the Export Acceleration Grant funding, M-Vac Systems is on track to double their international revenue within the next two years.
“Looking back, we’d do it all over again. As we approach the end of the sales cycle, we are on track to meet our targeted growth and goals outlined in our grant application. It has given us momentum and new opportunities to pursue,” said Bradley.
WTC Utah offers several grant programs to help Utah companies expand their business into international markets. To learn more, and and to sign up to be notified about 2018 grants, visit http://wtcutah.com/grants.