In 2010, our software and services have helped U.S. exporters receive payments 15 to 30 days faster on billions of dollars of exports."
Austin, TX (PRWEB) May 20, 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, Hong Kong, Houston, Istanbul, London, Los Angeles, New York and San Francisco.
Trade Technologies is the largest global provider of outsourced trade document services and software. From its offices in Asia, Europe and the United States, Trade Technologies provides leading exporters, forwarders and international trade banks with international trade document solutions, training and consulting. Our solutions seamlessly connect our international trade documentation professionals around the world with exporters, forwarder and international trade banks to eliminate the difficulties, unnecessary expenses and delays traditionally involved in international letter of credit, documentary collections and open account transactions.