Optical Cable Corporation Wins Presidential “E” Award for Export Contributions

According to a recent release by the Bureau of Economic Analysis, the United States’ nominal GDP was estimated to be $16.8 trillion for 2013. Of that number, U.S. exports of goods and services accounted for $2.3 trillion, or nearly 14 percent, which is an all-time record.

Nationally, jobs supported by exports reached more than 11 million last year, up 1.6 million since 2009.

Every year, the Presidential “E” Award is presented to businesses that considerably contribute to exports, in recognition of the impact international sales has on the U.S. economy,

On May 27, 2014, Optical Cable Corporation (OCC) was one of 66 companies selected as a winner of the “E” award.

“OCC is extremely proud of this award,” Neil Wilkin, OCC President and CEO said. “It takes an entire team from engineers, to production employees, to both inside and outside sales associates to continually work together to support our export business. Dealing with the language, business and cultural issues of doing business internationally is sometimes a challenge, but it’s a challenge our team happily takes on to help OCC succeed.”

History of the Award

In 1961, the President’s “E” Award was created by Executive Order in an effort to recognize outstanding U.S. businesses that greatly contribute to international export.

The idea for the award was born from something that occurred during World War II, when more than 4,000 “E Pennants” were presented to war plants in recognition of production excellence. The famous flag with the big “E” emblazoned on it became a badge of patriotism in action, and is now flown by those who win.

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.

From Humble Beginnings to International Leader

Although OCC has sold products internationally from the very beginning, having shipped their first product overseas in 1986, a more strategic focus on the export market began in 1996. Since then, the company developed a targeted global approach, which has led to progressive growth through international sales. Today, export sales account for about 30 percent of the company’s total revenues, and since 2002, export sales have grown from less than $10 million to more than $22 million.

When asked his thoughts on receiving the “E” Award, OCC Vice President of International Sales & Global Marketing, Michael Newman said, “Achieving success internationally is all about taking a mindful approach to targeted markets; rather than trying to be everywhere at once. Start by narrowing in on global regions that make the most sense for your company, and then refine that strategy as you grow.”

Encouraged by this achievement, OCC will strive to serve more customers internationally, bringing the most reliable, rugged, and innovative cable products to the rest of the world.

To learn more about OCC’s products visit, https://www.occfiber.com/products.