Planson International Corporation is Awarded Ex-Im Bank Sub-Saharan Africa Exporter of the Year
By Export-import Bank Of The United States, PRNESunday, March 27, 2011
Maine Company's Technology Used in Sudan Election
WASHINGTON, March 28, 2011 - Planson International Corporation, a small, woman-owned tech company
headquartered in New Gloucester, Maine, is to receive the 2011 Sub-Saharan
Africa Exporter of the Year award from the Export-Import Bank of the United
States (Ex-Im Bank). The award will be presented at the Bank's annual
conference in Washington, D.C., on Thursday, March 31st.
Planson used a $1.5 million revolving working capital loan guarantee from
Ex-Im Bank to export computers and software to Sudan for use during the
historic referendum for Southern Sudan Independence. This technology was used
for voter registration, demographic data analysis, vote tallying, and
post-referendum policy development. Ex-Im Bank obtained a presidential wavier
to support the sale.
In a memorandum, President Obama cited "the national security interest of
the United States," and waived a section of the Trade Sanctions Reform and
Export Enhancement Act that banned U.S. export assistance to Sudan. Thus the
waiver allowed the export of U.S. computers and related equipment in
fulfillment of this contract.
"Planson International Corporation has demonstrated how U.S. companies
can make a positive influence internationally while also creating American
jobs," said Ex-Im Bank Chairman and President Fred P. Hochberg. "I am pleased
that Planson's technology was used to support the democratic election process
in Sudan."
"Our 2010 U.S.-made export sales grew 20% to over $12 million, and our
number of fulltime U.S. employees grew by 50%," said Planson's President
Connie Justice. "Ex-Im Bank's Working Capital Guarantee program gave us the
ability to achieve this growth. We simply could not have reached this level
of success without Ex-Im's backing. And we are very proud that this financing
allowed us to support the important referendum in Sudan."
Ex-Im Bank's Annual Conference on March 31st - April 1st will be held at
the Omni Shoreham Hotel in Washington, D.C. The award ceremony will take
place at 1:45 p.m. on March 31st.
Ex-Im Bank is an independent federal agency that helps create and
maintain U.S. jobs by filling gaps in private sector export financing at no
cost to American taxpayers. The Bank provides a variety of financing
products, including working capital guarantees, export-credit insurance, and
financing to help foreign buyers purchase U.S. capital goods and services.
By charging fees and interest on all loan related transactions, Ex-Im
Bank is self-sustaining. It is able to cover all operation costs and
potential losses while also producing revenue. The Bank has generated $3.4
billion for U.S. taxpayers over the past 5 years.
Jamie Radice, +1-202-565-3200
Tags: Africa, District of Columbia, Export-import Bank Of The United States, Maine, March 28, Washington