Trade Technologies Receives Presidential "E" Award for Exports
Recognition for Making Significant Contributions to the Increase of U.S. Exports
Austin, TX (May 17, 2011) – Trade Technologies, the global leader
in international document solutions, 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.
"Trade Technologies is singularly focused on helping our exporter
customers grow their international 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 and services have helped U.S. exporters receive payments 15 to 30 days faster on billions of dollars of exports."
Trade Technologies, located in Austin, Texas, provides patented software and services that dramatically accelerate the creation and delivery of complex letter of credit and other trade documentation. Trade Technologies' customers are consistently paid faster and more reliably with lower overhead costs.
"Exports are a key driver of America's economic recovery," said Secretary of Commerce Gary Locke. "President Obama's National Export Initiative (NEI), which aims to double U.S. exports by 2015 in support of several million American jobs, is a robust, forward-looking trade agenda with an emphasis on domestic job growth. Trade Technologies is being honored for making significant contributions toward fulfilling that agenda."
"I congratulate you on your significant export achievement. It is businesses like yours that will help us meet or exceed the President's NEI goals. Your firm provides an example we hope more American companies will follow," Locke added.
All nominations are reviewed by the "E" Award Committee, which is chaired by the Department of Commerce, 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 honor and provide recognition to America's exporters. Thus, the "E" Award Program was established by Executive 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 Trade Week ceremonies in Washington DC.
Trade Technologies is changing international payment practices that, traditionally, relied on the paper-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 in enabling exporters and freight forwarders to create accurate trade documents and to deliver original documents over the internet to most major international trade banks and buyers. This far more efficient process allows customers to streamline their operations, eliminate discrepancies, save money and accelerate payments.
Trade Technologies was founded in 1999. Over 1000 exporters, global trade banks and freight forwarders rely on Trade Technologies' software and outsourced services to process over $9 billion dollars of international trade transactions each year.
Trade Technologies has offices in Atlanta, Austin, Boston, Chicago, Hong Kong, Houston, Istanbul, London,
Los Angeles, Mumbai, New York, San Francisco and Singapore.
About Trade Technologies
Founded in 1999, Trade Technologies is the largest global provider of outsourced trade document services and software. From its offices in Asia, Europe and North America, Trade Technologies provides leading exporters, freight forwarders and international trade banks with trade document solutions, training and consulting.
The Company’s web-based TradeSharp platform and outsourced services enable customers to streamline their operations, save money, accelerate payments, and eliminate discrepancies traditionally involved in international letter of credit, documentary collections and open account transactions. More than 1,500 exporters, global trade banks and freight forwarders depend on Trade Technologies’ services to process almost $10 billion in international trade transactions each year. Globally, Trade Technologies is presenting original letter of credit and other trade documents online to 71 examination offices of 24 banks in 13 countries.
Trade Technologies was named by Silicon Review as one of the “50 Smartest Companies of the Year 2016.” In 2015, Trade Technologies was awarded the Presidential “E” Star Award for Export Services by the U.S. Department of Commerce and was selected by CIO Review Magazine for its annual list of the 20 Most Promising Banking Technology Solution Providers. Trade Technologies was voted the “Best Trade Tech Solutions Company” in 2012 by readers of Trade Finance Magazine. In 2011, Trade Technologies won the Presidential “E” Award for Exports through the U.S. Department of Commerce, the highest recognition any U.S. entity may receive for supporting export growth. In 2010, the Company was awarded a patent on the Trade Technologies software platform and process.
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