Cyanotech has been 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. on May 16. 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.
“We are honored that President Obama and the Commerce Department have recognized our achievements in exporting” said Cyanotech’s President and CEO, Brent Bailey. “Our Hawaiian Spirulina and BioAstin Natural Astaxanthin products are now distributed in more than 60 countries on six continents.” Cyanotech’s Founder and Chief Scientific Officer, Dr. Gerald Cysewski added, “Our valued distributors around the world recognize Cyanotech’s leadership position in Spirulina and Astaxanthin quality as well as our superior customer service and branding. On the consumer level, once people try our products, they understand our intense focus on producing products that help people feel better and live longer.”
“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.
Cyanotech is being honored today 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. Only 27 U.S. companies were presented with the “E” Award at the May 16, 2011 World Trade Week ceremonies in Washington DC.
Criteria for the award is based on four years of successive export growth, usually accompanied by a rising percentage of export sales within total sales. An applicant’s demonstration of an innovative international marketing plan that led to the increase in exports is a significant factor in making the award.
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.
Cyanotech Corporation, a world leader in microalgae technology, produces BioAstin® Natural Astaxanthin and Hawaiian Spirulina Pacifica®—all natural, functional nutrients that enhance human health and nutrition. Cyanotech's spirulina, FDA reviewed and accepted as Generally Recognized as Safe (GRAS) for use as a food ingredient, augments energy and immune response. BioAstin's benefits derive from its superior antioxidant activity and from its ability to support and maintain natural inflammatory response, enhancing skin, muscle and joint health. Cyanotech produces these products from microalgae grown at its 90-acre facility in Hawaii using patented and proprietary technology and distributes them to nutritional supplement, nutraceutical and cosmeceutical makers and marketers in more than 40 countries worldwide. Cyanotech was the first microalgae company in the world to obtain ISO 9001:2000 certification. Our products are all natural and are pesticide and herbicide free. They are free of genetically modified organisms and are produced in accordance with current Good Manufacturing Processes. www.cyanotech.com.