The agreement will see Hydro, a water treatment manufacturer, working in the US emergency response arena.
It is a great privilege to work side-by-side with a market giant such as T&T.
During the next three years, this project will create high quality job opportunities for an estimated 100 people, not only within Wales but for Welsh people who have an ambition to work outside the UK in exciting and diverse locations.
I welcome this new venture involving two companies that between them have the potential to bring about real environmental benefits through mitigating the damaging effects of disasters, whether they be natural or man-made.
This agreement today will not only launch Hydro into the US emergency response arena – a truly significant market - but will also generate a good number of high quality jobs in Wales.
Around 100 new jobs are set to be created in Wales through a joint venture between Llangennech-based company Hydro Industries and US company T&T Salvage.
The deal was sealed during a four-day trade mission in San Francisco, where First Minister Carwyn Jones is leading a delegation of 18 Welsh businesses.
Hydro Industries specialises in the design, manufacture and operation of electro-based water treatment products. The deal will see unique products that have been developed and patented in Wales deployed across the United States market.