Technibus, Inc. Receives Presidential Award for Export Success
Canton, Ohio — U.S. Secretary of Commerce Penny Pritzker today presented Technibus, 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.
“Technibus has demonstrated a sustained commitment to export expansion. The “E” Awards Committee was very impressed with Technibus’ dramatic expansion of the international representation to include 11 countries in three years. The company’s ability to adapt its product line for export markets was also particularly notable. Technibus’ achievements have undoubtedly contributed to the national export expansion efforts that support the U.S. economy and create American jobs”, said Secretary Pritzker in her congratulatory letter to the company announcing its selection as an award recipient.
Technibus, based in Canton, Ohio, is a leading manufacturer of highly engineered, custom designed nonsegregated, segregated, and isolated phase metal enclosed bus systems.
The Company’s products are mission critical components that conduct electricity between high current electrical equipment at power generation, and large energy consuming and distribution facilities.
“Exporting continues to be the foundation of our sales growth plan, and we are honored to receive the “E” Award,” said Robert Gladden, President & CEO. “When we first began to concentrate our efforts on direct exporting in 2012, export sales accounted for two percent of our total sales. During the past four years, export sales grew to nearly 15 percent of our total sales, enabling us to sustain jobs and even expand our work force.”
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.
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.
U.S. companies are nominated for the “E” Awards through the Department of Commerce’s U.S. Commercial Service office network, located within the Department’s International Trade Administration, with offices in 108 U.S. cities and more than 70 countries. 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.