May 16, 2016
LECTRODRYER RECEIVES PRESIDENTIAL AWARD FOR EXPORT SUCCESSES
Richmond, KY — U.S. Secretary of Commerce Penny Pritzker presented
Lectrodryer with the President’s “E” Award for Exports at a ceremony in
Washington, DC on Monday, May 16. 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.
“Lectrodryer has demonstrated a sustained commitment to export expansion. The “E” Awards Committee was very impressed with Lectrodryer’s frequent adaptation and redesign of its product line to maintain compliance with international regulations. The company’s work in the community to provide training opportunities for the next generation of international business leaders was also particularly notable. Lectrodryer’s achievements have undoubtedly contributed to 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.
Lectrodryer is an engineer and manufacturer of process solutions and specialty-drying systems for the removal of humidity and other impurities from air, gases, and liquids.
“Exporting continues to be the foundation of our sales growth, and we are honored to receive the “E” Award,” said John McPhearson, CEO. “When we first began exporting in 2001, export sales accounted for 34 percent of our total sales. During the past four years, export sales grew to nearly 54 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.
For more information about the “E” Awards and the benefits of exporting, visit www.export.gov.