Presidential “E” Award for Exports
May, 2011/AUSTIN, TX – Trade Technologies, the global leader in international documentsolutions, was awarded the Presidential “E” Award for Exports by U.S. Department of Commerce Secretary Gary Locke at the Department’s headquarters 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.
Published on: Mar 4, 2016
Transcripts - Presidential “E” Award for Exports
Trade Technologies Receives Presidential “E” Award for Exports Recognition for Making Significant Contributions to the Increase of U.S. ExportsMay, 2011/AUSTIN, TX – Trade Technologies, the global leader in international documentsolutions, was awarded the Presidential “E” Award for Exports by U.S. Department of CommerceSecretary Gary Locke at the Department’s headquarters in Washington, D.C. The “E” Awards arethe highest recognition any U.S. entity may receive for making a significant contribution to theexpansion of U.S. exports.“Trade Technologies is singularly focused on helping our exporter customers grow theirinternational business by reducing payment time and risk. We are honored to receive the “E”Award,” said Kirk Lundburg, Trade Technologies’ President and CEO. “In 2010, our software andservices have helped U.S. exporters receive payments 15 to 30 days faster on billions of dollars ofexports.”Trade Technologies, located in Austin, Texas, provides patented software and services thatdramatically accelerate the creation and delivery of complex letter of credit and other tradedocumentation. Trade Technologies’ customers are consistently paid faster and more reliably withlower overhead costs.“Exports are a key driver of America’s economic recovery,” said Secretary of Commerce GaryLocke. “President Obama’s National Export Initiative (NEI), which aims to double U.S. exports by2015 in support of several million American jobs, is a robust, forward-looking trade agenda with anemphasis on domestic job growth. Trade Technologies is being honored for making significantcontributions toward fulfilling that agenda.”“I congratulate you on your significant export achievement. It is businesses like yours that will helpus meet or exceed the President’s NEI goals. Your firm provides an example we hope moreAmerican companies will follow,” Locke added.All nominations are reviewed by the “E” Award Committee, which is chaired by the Department ofCommerce, and includes representatives from EXIM Bank, and the Departments of Labor, State,and Transportation. President Kennedy revived the World War II "E" symbol of excellence to honorand provide recognition to Americas exporters. Thus, the "E" Award Program was established byExecutive Order 10978 on December 5, 1961.A total of 27 U.S. companies were presented with the “E” Award at the May 16, 2011 World TradeWeek ceremonies in Washington DC.Trade Technologies “E” Award Press Release May 2011
Trade Technologies is changing international payment practices that, traditionally, relied on thepaper-heavy process that had changed little since the days of Marco Polo. The company’s web-based Global Trade Management Platform and professional outsourced services lead the way inenabling exporters and freight forwarders to create accurate trade documents and to deliver originaldocuments over the internet to most major international trade banks and buyers. This far moreefficient process allows customers to streamline their operations, eliminate discrepancies, savemoney and accelerate payments.Trade Technologies was founded in 1999. Over 1000 exporters, global trade banks and freightforwarders rely on Trade Technologies software and outsourced services to process over $9 billiondollars of international trade transactions each year.Trade Technologies has offices in Atlanta, Austin, Boston, Hong Kong, Houston, Istanbul, London,Los Angeles, New York and San Francisco.About Trade TechnologiesTrade Technologies is the largest global provider of outsourced trade document services andsoftware. From its offices in Asia, Europe and the United States, Trade Technologies providesleading exporters, forwarders and international trade banks with international trade documentsolutions, training and consulting. Our solutions seamlessly connect our international tradedocumentation professionals around the world with exporters, forwarder and international tradebanks to eliminate the difficulties, unnecessary expenses and delays traditionally involved ininternational letter of credit, documentary collections and open account transactions.Trade Technologies “E” Award Press Release May 2011