I've just prepared a few words.
Good morning. My name is Brent Howatt. I'm pleased to be able to speak to you about the role the trade commissioner service plays relative to the success of our business, Koss Aerospace.
I'd like to begin by explaining what Koss Aerospace is. As our name suggests, Koss Aerospace is an aerospace company. It's located just minutes away from Pearson airport in Mississauga, Ontario. We are a fully integrated lean manufacturer of aerospace components and sub-assemblies. As a result of our owner's extensive investment in the latest technology and equipment, as well as training of our staff, we have maintained and advanced Koss Aerospace to keep up to date with the ever-advancing requirements of being an aerospace supplier.
Despite the fact that we currently have in the range of $10 million to $20 million in sales, we are relatively small in comparison to the customer base we serve. These customers include the likes of Boeing, EADS, Bombardier, Gulfstream, and numerous others. To remain viable and competitive means we must grow to afford the structure required to remain eligible on our suppliers' approved vendors list, and to compete internationally.
In the past our customer base has primarily been within the borders of Canada. However, both our customers and the market demand that we now do business internationally in order to succeed. In doing so, we have encountered numerous challenges, as would any other business at our stage of development. These challenges include difficulties connecting with key international customers, having the opportunity to present our abilities, understanding cultural differences, and getting access to accurate industry and customer information. Luckily we have had the trade commissioner service to support these activities. We have found that the trade commissioner service has provided us with valuable resources to support our global development efforts.
To date, as a direct result of working with the trade commissioners, we have obtained several million dollars worth of sales that are currently in production. This has supported our facility during the recent downturn in the economy and has allowed us to continue to add equipment and employees, so that we are prepared to be able to support our customers and potential customers upcoming new opportunities.
In addition, it has allowed us to retain our skilled employees. Not only is this key to the success of our business, it is also key to the success of the community of which we are a part. As a direct result of the efforts working with the trade commissioners, we currently have approximately $100 million worth of quotations and potential opportunities with new and potential customers that have been identified and are in various stages of development. These opportunities are allowing us not only to grow our existing and new customer base, but also afford us the means to invest in the latest technology and equipment, which is paramount for us to remain competitive.
The trade commissioner service is a key in our arsenal of tools, making us a success in the aerospace industry. We at Koss Aerospace have been pleased with the efforts and support the trade commissioner service has provided to us. In addition to the first-rate events and the ability to bring real opportunities to Canadian manufacturers like ours, they've also established valuable and lasting international relationships that we benefit from on an ongoing basis.
On behalf of the Koss Aerospace team, I'd personally like to thank the trade commissioner service for their hard work and effort that has directly contributed to the many successes we are now experiencing.
I'll turn to my background. I have approximately 15 years in the aerospace industry. Prior to joining the Koss Aerospace team, I worked for Alcoa in various capacities, including in an aerospace capacity as well. Thank you.