Equilibar's back pressure regulators help create technological breakthroughs for scientists and engineers worldwide. As a small engineering and technology company in the Blue Ridge Mountains of North Carolina, Equilibar was founded in the basement of inventor Jeff Jennings more than ten years ago.
The 16-person company designs, manufactures and tests back pressure regulators while working with scientists and engineers to create technological breakthroughs in alternative energy, carbon sequestration, clean water and other emerging fields. From the beginning, Equilibar tackled difficult and demanding applications requirements, garnering the highest praise from customers for its products and people, and gaining international attention.
The team was comfortable fulfilling international orders from large, established companies, but was reluctant to take the financial risk of selling on credit terms to smaller, unknown foreign companies. To mitigate the risk of selling to small, unknown companies, Equilibar created complicated and cumbersome procedures for prospective buyers, which limited the opportunities they could pursue. Leaving business on the table and leaving customers without solutions was frustrating.
Working with Meridian Finance Group and EXIM, Equilibar implemented an export credit insurance policy. With the policy in place, the company has the confidence it will be paid, and is no longer hesitant when a company asks for net 30-day terms, even if the buyer is a start-up company or new customer.
Opening up to opportunities for additional international sales has had three positive results for Equilibar – new customers, new streams of revenue and new levels of trust. Today, Equilibar’s small but powerful team has propelled the company into a global provider of high-tech, highly specialized products for research and industrial applications around the world, helping companies of all sizes innovate and invent.