OSIsoft Receives E Award
San Leandro, CA - (May 17, 2012) - OSIsoft today was awarded the Presidential “E” Award for Exports by U.S. Department of Commerce Secretary John Bryson at the White House 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.
“Exporting continues to be a key component of our sales growth, and we are honored to receive the “E” Award,” said J. Patrick Kennedy, OSIsoft’s CEO and founder. “We have been doing business internationally since 1980 and have been exporting our product, the PI System, since 1986. Today we export the PI System to over 110 countries. Exports are a very important component of our growth and today represent over 50 percent of our business. Our employees are an important component of this growth; since 2007 we have added nearly 200 new positions in the U.S.”
OSIsoft, headquartered in San Leandro, California, develops the PI System —
a streaming data and event management software product for use in manufacturing, energy, utilities, life sciences, data centers, facilities and the process industries. OSIsoft customers use the PI System to run their operations more effectively.
“I am pleased to recognize OSIsoft for receiving the President’s “E” 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” Awards winners like OSIsoft 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.”
A business client of the Department’s U.S. Commercial Service, OSIsoft has benefited from export counseling, trade missions, market research, advocacy programs, and business matchmaking to greatly expand its export sales. Europe represents a significant portion of the company's foreign market sales, and over the past few years the business has expanded significantly in other key markets such as Asia and Latin America. OSIsoft demonstrated a substantial increase in the volume of exports over a four-year period, a major criteria for the award.
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.