May 20, 2020   SOURCE: PR NewsWire

Laser Technology, Inc. (LTI) Receives Colorado's Governor's Award for Excellence in Exporting for 2020

CENTENNIAL, Colo., May 20, 2020 /PRNewswire-PRWeb/ -- Laser Technology, Inc. (LTI) was awarded the 2020 Governor's Award for Excellence in Exporting on May 4, 2020 for their performance in advancing Colorado's economic international trade.

LTI is a Colorado-based company that designs and manufactures innovative laser-based speed, distance, and measurement products for professionals and field workers to help solve problems. LTI's core business model was started in 1985 by David Williams, CEO, whose passion revolves around serving diverse markets and new product innovation that increases safety and efficiency. The catalyst of LTI's diversified and innovative product portfolio, Jeremy Dunne, CFO, provides an unparalleled understanding of laser measurement holding over sixty patents and counting.

LTI has a history of product and market breakthroughs since beginning established export activities in 1990. LTI introduced the first commercial speed laser, the LTI 20/20 Marksman, was asked by the government to create a laser system to measure inflight distances between planes for de-icing training and refueling, created a custom space station docking system for NASA, patented distance-between-cars technology, and developed the world's first hand held reflectorless total station for GIS mapping.

LTI's distribution channel spans over 100 countries across all seven continents. Today, LTI is comprised of three divisions: Traffic Safety, Professional Measurement, and Industrial Sensors. LTI engineers and manufactures products for a variety of job applications, including: crash, crime, and fire mapping, speed enforcement, pole audit, stockpile measurements, blast design, water/waste water management, forestry, mining, electric utilities, construction, and more.

Founded in 1970, The Governor's Award for Excellence in Exporting honors Colorado-based companies for their economic advancement through international business. Colorado exported $8.1 billion in 2019 alone, making exports an essential role in business for the state's economy.

"Laser Technology, Inc. is a great example of how exporting goods and services can expand your global footprint and increase profitability for Colorado businesses. The Colorado Office of Economic Development and International Trade (OEDITI) is honored that they are a recipient of this prestigious Governor's Award in Exporting," said Katie Woslager, Senior Manager, Advanced Industries at OEDIT.

Company Qualifications: 

    --  Companies must export a product or service for a minimum of two years,
    --  Companies must be new to exporting or are expanding their exporting
        territory,
    --  Companies must be based in Colorado or have at least 50% of their staff
        based in Colorado,
    --  Companies must have a minimum of two years domestic sales experience,
    --  Companies must have a commercialized product/service that is ready to be
        exported, and
    --  Companies must be registered and are in "Good Standing" with the
        Colorado Secretary of State.

"Laser Technology, Inc. is honored and excited to have won the 2020 Governor's Award for Excellence in Exporting. We are extremely proud of our local workforce in Centennial for their dedication, perseverance and flexibility in supporting our International business," said Eric Miller, COO and President of LTI. "It is not easy to custom configure and ship products to over 100 countries around the world with a team of only 100+ individuals in suburban Colorado! We also want to recognize our excellent worldwide sales and distribution network, many of which we have worked with us for over 20 years. This award is for all these individuals that have helped us excel in the global market as we couldn't have earned it without all their hard work."

Companies who receive this award are determined by an independent review committee that is comprised of various Colorado trade experts. Read the Governor's Announcement, here.

To learn more about Laser Technology, Inc. product portfolio, or speak directly with an LTI representative, please call 1.303.649.1000

About Laser Technology, Inc.
Laser Technology, Inc. is a Colorado-based manufacturer devoted to the design and manufacture of innovative laser-based speed and distance measurement instruments to address real-world needs and applications, including speed enforcement, incident investigation, forestry, mining, utilities, surveying and industrial process control. Visit http://www.lasertech.com for additional information.

SOURCE Laser Technology, Inc.