FOR IMMEDIATE RELEASE - Governor’s Excellence Award Accepted By Robert Heldt, President of Norquay Technology, Inc.

December 2001 – Robert Heldt, President and Founder of Norquay Technology Inc., accepted Governor Ridge’s Governor Excellence Award on September 25, 2001 for expanding Norquay Technology’s sales in exporting of Pennsylvania made products.

Norquay Technology Inc, Chester, PA was founded in 1987 with a focus to manufacture a product line and customer specific materials for the pharmaceutical, cosmetic, plastic and film, agricultural, electronic, and diagnostic markets. Historically, sales are evenly split between product line and custom synthesis. Starting in 1992, Norquay started a journey to expand export sales in response to customer’s requests to support world wide plant operations. Starting with Ex-Im Bank Receivables Insurance Program to permit financing of export receivables, Norquay has participated in a number of state and federal programs, including Pennsylvania Market Access Grant (MAG) to support foreign trade show exhibition, SBA Gold-Key Ambassador Search for French distributor, SBA “Breaking Into the Trade Game” training and numerous meetings and seminars with the South Eastern Pennsylvania Export Council (SEPAC) local representative and network of eighteen state sponsored Pennsylvania Trade Representatives in eighteen countries in Europe, North and South America, Asia, and North Africa.

Norquay export sales have grown from 1992 of less than $50,000 to over $1 million in 2000. Delaware County Pennsylvania Representative Jim McLaughlin nominated Norquay Technology and states “Bob Heldt at Norquay has been proactive in increasing his commitment to export sales via state and federal programs. With each export sale, more Pennsylvania jobs are created or preserved, leading to a vibrant economy in Pennsylvania.

New plans at Norquay include the renovations of the plant using Pennsylvania Industrial Development Authority (PIDA) support long-term loans to renovate the Chester facility. The Norquay facility is in a Pennsylvania Keystone Opportunity Zone, which allows for the lowest PIDA rate of 3.75% 15-year loans. The Chester building dates back to the 1920’s with the Ford Motor Company auto assembly plant. The first phase in 2002 is the repair of the roof, sprinkler system and infrastructure of the plant to meet the demands of a modern production facility. The five-year plan calls for the renovation of the original 1920 Ford car showroom into offices and plant expansion. Robert Heldt, President of Norquay Technology said, “with the purchase and renovation of the building in the City of Chester, we are making a commitment to the city as our primary location. We look forward to being a good neighbor and helping with the revitalization of the Chester waterfront.

For additional information on Norquay, its history, products and outreach, please go to the website at www.norquaytech.com.

Contact: Robert Heldt, President
Norquay Technology, Inc.
rheldt@norquaytech.com
Phone: 610-874-4330
Fax: 610-874-3575

© 2002 Norquay Technology, Inc.  All rights reserved.