Kingsbury, Inc. Receives Presidential E-Star Award
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10385 Drummond Rd.
Philadelphia, PA, 19154 3803
Press release date: May 29, 2012
Philadelphia, PA (May 29, 2012) - At a ceremony in Washington DC on Thursday, May 17, 2012, Kingsbury, Inc. was awarded the coveted President's E-Star award to acknowledge the company's outstanding export growth. U.S. Commerce Secretary John Bryson spoke at the ceremony and cited Kingsbury in his speech as the only company in 2012 that had received an original E-Award in 1942 for its outstanding product quality to the government in support of the war effort. Subsequently, Kingsbury was given a second E-Award for quality, and another in 2002 for export excellence.
"I am pleased to recognize Kingsbury, Inc. for receiving the President's "E" Star Award, which honors companies that make significant contributions toward increasing U.S. exports," said U.S. Commerce Secretary John Bryson. "This Administration is committed to leveling the playing field for American businesses and workers to help U.S. companies build things here and sell them around the world. "E" Star Award winners like Kingsbury have excelled in this effort, demonstrating four years of successive export growth. It is companies like this that are helping to grow our economy and put more Americans back to work."
Accepting the award on behalf of the company were Mark J. Kuhn, Business Development Manager (left) and Jerry Vogt, ITAR Compliance Officer (right).
U.S. companies are nominated for the "E" Awards through the U.S. Commercial Service office network in 108 U.S. cities and more than 75 countries which helps U.S. companies export. The primary criterion for the "E" Award is four years of successive export growth or of supporting the export growth of others. "E" Awards are awarded to applicants that can demonstrate a significant contribution to U.S. export expansion that is measurable, innovative, sustainable, and has broad impact.
All nominations are reviewed by the "E" Award Committee, which is chaired by the Department of Commerce, and includes representatives of ExIm Bank, the Small Business Administration, and the Departments of Agriculture, Labor, State, and Transportation.
This year marks 50th anniversary of the first presentation of the President's "E" Award by President John F. Kennedy. The President's "E" Award was created by Executive Order in 1961 to encourage U.S. companies to sell their products abroad. A second award, the President's "E Star" Award, was authorized by the Secretary of Commerce in 1969 to recognize "E" Award recipients for their continuing significant contributions to U.S. export expansion.
A total of 41 U.S. companies and organizations were presented with the "E" Award at the May 17, 2012 World Trade Week ceremonies in Washington DC.
About Kingsbury, Inc.
Headquartered in Philadelphia, PA, USA, Kingsbury designs and manufactures a wide variety of standard and custom fluid-film thrust and journal bearings for rotating equipment applications, including hydroelectric, gas and steam turbines; compressors, gearboxes, pumps, air preheaters and ship propulsion systems. The company has maintained its position as the industry leader since its beginnings in 1912 through continuing research and development, engineering integrity, and world-class customer service.