In an effort to boost overseas sales, AMD Telemedicine just added another small weapon to its arsenal. The Shattuck Street based company, which makes medical devices that enable patients' information to be transmitted over telephone lines, has just secured a $500,000 export credit insurance policy.
The move, which the quasi-public MassDevelopment helped orchestrate, enables the company to sell its products more easily to foreign-based companies. Company executives say it will inevitably lead to more sales.
"It's been added to basically help minimize our exposure for foreign credit risks," said AMD Controller Eric Bacon. "Increasingly, we're doing more sales internationally, and with that, comes more credit exposure."
Historically, customers have either paid up front for their orders, or had to provide AMD with a guaranteed letter of credit, a process that takes longer than many would like.
