POWER TECHNOLOGY RECEIVES PRESIDENTIAL AWARD FOR EXPORT SUCCESSES
Little Rock, AR — U.S. Secretary of Commerce Penny Pritzker today presented Power Technology, Inc. with the President’s “E” Award for Exports at a ceremony in Washington, DC. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports.
“Power Technology has demonstrated a sustained commitment to export expansion. The “E” Awards Committee was very impressed with Power Technology’s innovative scientific instrument technologies. The company’s adaptation of its product line to maintain compliance with international regulations was also particularly notable. Power Technology’s achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create jobs,” said Secretary Pritzker in her congratulatory letter to the company announcing its selection as an award recipient.
“We are thrilled and honored to receive the President’s “E” Award for Exports. Providing high-quality American made products to the rest of the world is a challenging and rewarding endeavor” said William Burgess, Vice President of Operations for Power Technology. “Our first product was exported over 40 years ago. The increase in our exports since then has contributed to the ongoing growth of our business and ultimately to our ability to create many new jobs here at home.”
Encompassing 37 different countries, in 2015 alone, Power Technology exported to every continent on earth with the exception of Antarctica. Exports directly support over a quarter of the jobs at the company’s primary manufacturing facility. Currently partnered with over a dozen international distributors to promote products to foreign markets, the ongoing growth of exports is a prime focus for future growth. With distribution agreements in the United Kingdom, France, Spain, Finland, Belgium, Netherlands, Luxembourg, Israel, Japan, South Africa, Korea, Singapore, and Taiwan, Power Technology has a solid, and growing, global presence.
In 1961, President Kennedy signed an executive order reviving the World War II “E” symbol of excellence to honor and provide recognition to America's exporters. Today, Secretary Pritzker honored 123 U.S. companies with the President’s “E” Award for their outstanding work to reduce barriers to foreign markets and to open the door to more trade around the world.
Power Technology, Inc., established in 1969, is a leading manufacturer and exporter of lasers for OEM cinema, analytical, biomedical, industrial, semiconductor inspection, defense & security, and machine vision applications. For more information please visit powertechnology.com
In 2015, U.S. exports totaled $2.23 trillion, accounting for nearly 13 percent of U.S. GDP. Nationally, exports contributed to the U.S. economy, supporting an estimated 11.5 million jobs. Record years of successive export growth and an applicant’s demonstration of an innovative international marketing plan that led to the increase in exports is a significant factor in selecting the winners. For more information about the “E” Awards and the benefits of exporting, visit www.export.gov.