Washington, D.C. and Wallingford, CT – May 20, 2013 – U.S. Acting Secretary of Commerce Rebecca Blank today presented APS Technology with the President's "E" Award for Exports at a ceremony in Washington, D.C. The "E" Awards are the highest recognition any U.S. entity may receive for making a significant contribution to the expansion of U.S. exports.
"Exporting continues to be the foundation of our sales growth, and we are honored to receive the 'E' Award," said William E. Turner, APS's President. "We first began exporting in 2003, and over the past ten years export sales have grown to 85 percent of our total sales, enabling us to sustain jobs and expand our work force."
"I am delighted to be recognizing this year's Presidential 'E' Award winners for their outstanding contributions to U.S. exports and congratulate APS Technology on its outstanding export achievement," said Acting Secretary Blank. "It is businesses like APS Technology that are strengthening the economies of local communities, creating jobs, and contributing to the worldwide demand for 'Made in the USA' goods and services."
APS Technology, Inc. is the world's leading provider of MWD / LWD (Measurements-While-Drilling / Logging-While-Drilling), drilling optimization and vibration management products for the oilfield. APS's products acquire, transmit, record and dynamically adapt to a variety of real-time downhole and surface measurements critical to drilling economical, high-yielding wells.
U.S. exports hit an all-time record of $2.2 trillion in 2012, and supported nearly 10 million American jobs. President Obama's National Export Initiative, which aims to double U.S. exports by the end of 2014 and support an additional 2 million jobs in the United States, is opening new avenues for U.S. exporters through enhanced export assistance and a strengthened trade agenda that is targeting emerging markets and industry sectors across the globe.
President Kennedy revived the World War II "E" symbol of excellence to honor and provide recognition to America's exporters. The "E" Award Program was established by Executive Order 10978 on December 5, 1961. A total of 57 U.S. companies were presented with the President's "E" Award this year.
U.S. companies are nominated for the "E" Award for Exports through the Department of Commerce's U.S. and Foreign Commercial Service office network, located within the Department's International Trade Administration, which has offices in 108 U.S. cities and more than 70 countries to help U.S. exporters. Four 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 making the award.