The FINANCIAL -- On April 21, the Export-Import Bank of the United States (Ex-Im Bank), announced that Droplet Measurement Technologies (DMT), a Boulder, Colorado small business that manufactures cutting-edge cloud and aerosol measurement devices to customers around the globe, has been named its Small Business Exporter of the Year.
An award will be presented to the company at the Bank's Annual Conference in Washington, D.C. on April 23rd, according to Export-Import Bank.
"Equipping small businesses like Droplet Measurement Technologies to grow and successfully compete on the global stage is at the core of the Bank's mission of reducing risk and unleashing opportunity," said Ex-Im Bank Chairman and President Fred P. Hochberg. "When innovative American small businesses like DMT have a level playing field, they can enter new markets, sell their made-in-America goods and create jobs here at home."
"Being named Small Business Exporter of the Year is an honor in that our small technical instruments company makes the tools scientists and researchers use to study the environment," said Droplet Measurement Technologies CEO Robert McAllister. "This award is recognition of the global nature of the science we support. It supports our mission of providing scientists worldwide with the quality instruments they need to do the research we all rely on."
Founded in 1987 by Dr. Darrel Baumgardner and Mr. Bill Dawson, DMT works with scientists and researchers around the world to expand research and development into new products that allow countries to measure the atmospheric changes taking place related to global warming, atmospheric ozone, and other areas of particle research. DMT produces the cloud probes that are utilized for climate and weather research, aircraft icing studies, and other atmospheric research.
As a leader in scientific cloud and aerosol measurements for more than 27 years, DMT began using Ex-Im's insurance policy over four years ago to safeguard its international accounts receivable. The company's export sales have risen 17.5 percent and their workforce has grown by 20 percent as a result. With 60 to 70 percent of their annual sales now exports, DMT relies heavily on the insurance provided by Ex-Im.
Ex-Im Bank's 2015 Annual Conference will feature remarks and panel discussions with some of the world's leading voices in business and trade, including IMF Managing Director Christine Lagarde; National Security Advisor Susan Rice; US Secretary of Commerce Penny Pritzker; Doug Oberhelman, chairman and CEO of Caterpillar Inc.; W. James McNerney, Jr., chairman and CEO of The Boeing Company; Steven Rattner, chairman of Willett Advisors LLC; Joe Kaeser, president and CEO of Siemens AG; Stephen S. Poloz, governor of the Bank of Canada; Jacqueline Hinman, chairman and CEO of CH2M Hill; Ambassador of the United Arab Emirates to the United States, Yousef Al Otaiba; and Dr. Mo Ibrahim, founder and chairman of the Mo Ibrahim Foundation.