Diamond Machining Technology, an internationally known manufacturer of knife sharpeners, was presented the President’s “E” Award for exports at a ceremony in Washington, D.C. on May 28, 2014. U.S. Secretary of Commerce Penny Pritzker presented the E Award, which is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. DMT is the only Massachusetts company to receive an E Award this year.
“We are honored to receive the ‘E’ Award in recognition of our global sales and marketing efforts,” said Mark Brandon, President of DMT. “Over the past five years—in addition to strong U.S. sales growth—DMT has expanded its export sales by an average of 18 percent per year and added 13 new ‘shipped-to’ countries. It is a credit to our vibrant, international distribution network, as well as the quality of our Made in America products.”
In her congratulatory letter, Secretary Pritzker wrote, “DMT has demonstrated a sustained commitment to export expansion. The “E” Awards Committee was very impressed with DMT’s exporting to 37 countries. The company’s co-branded marketing program was also particularly impressive. DMT’s achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs.”
First established under President John F. Kennedy in 1961, companies nominated for the “E” Award must demonstrate four years of successive export growth in addition to an innovative international marketing plan. This year, a total of 66 U.S. companies received the President’s “E” Award. The “E” represents a World War II symbol of excellence.
In 2013, U.S. exports of goods and services hit an all-time record of $2.3 trillion. Nationally, jobs supported by exports reached more than 11 million, an increase of 1.6 million since 2009. See more knife sharpers here!