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Patton Serves Witness as Obama Signs Ex-Im Bank Reauthorization Bil

When President Obama signed the Ex-Im Bank reauthorization bill, Bobby Patton, CEO of Patton Electronics was there to offer a small-business-owner perspective. Bobby argues, “Exports are key to domestic recovery and growth. . ."

 
PRLog - Jun. 11, 2012 - GAITHERSBURG, Md. -- President Obama recently signed into law a bill that reauthorizes the Export-Import Bank of the United States (Ex-Im) through September 2014.

Among the US Chamber of Commerce members in the audience at the May 30 signing was small-business-owner Robert R. Patton (Bobby), President and CEO of Patton Electronics Co. (www.patton.com).

"It is satisfying to witness the signing of this legislation," Mr. Patton said. "It shows our government can actually work together—at least on some subjects.”

Bobby Patton also exerted his influence in moving the legislation forward by providing his testimony in congressional hearings held during April 2012. The Chamber applauded Congress for providing a strong bipartisan mandate.  

"Re-authorizing the EX-IM Bank," Patton explains, "was essential to maintaining the competitive position of more than 250,000 small and medium-sized companies that export.

Based in Gaithersburg, Maryland, USA, Patton has sold networking equipment into over 120 countries. Founded in 1984, the firm today employs over 100 local workers and generates about 70% of its revenue through exports, which would not be possible without Ex-Im.

While American companies of all sizes are beneficiaries of the Bank, small businesses account for 87% of Ex-Im's transactions. Tens of thousands of smaller companies that supply goods and services to large exporters also benefit from Ex-Im's activities.

Bobby argues, “Exports are key to domestic recovery and growth. Eighty percent of the world’s purchasing power lies outside the United States. There is tremendous global demand for quality and innovation—two areas where US manufacturers shine."

In his statement, Chamber President Tom Donohue said: "This is great news for thousands of American workers, businesses of all sizes, and taxpayers, who can cheer the fact that this bill will reduce the deficit by hundreds of millions of dollars."

Referencing congressional approval of trade agreements with Korea, Colombia, and Panama last October, the President reaffirmed the importance of exports for the US economy: "Soon, there are going to be millions of new customers for our goods and services in Korea, in Colombia and Panama."


About Patton
Patton is all about connections. From inception the company has connected generations in a family-owned-and-operated business. Since incorporating in 1984, Patton has built everything from micro-sized widgets for connecting "this-with-that," to carrier-grade Telecom gear that connects end-customers to service-provider networks. Now headquartered in Gaithersburg, MD, USA, Patton markets a catalog of over 1,000 products, with a focus on VoIP and Ethernet extension technologies. Today, Patton equipment is up-and-running in carrier, enterprise and industrial networks all over the world—interconnecting legacy TDM and serial systems with contemporary and next-generation IP-based voice, data, and multi-media networking technologies.

Here at Patton, it is our joy and mission to connect real-world customer challenges with high-quality, right-priced solutions, complemented by unrivaled customer service and technical support. In the field, Patton's global family of locally-present sales, support, and engineering professionals are fully-engaged in connecting our product managers with true local-market requirements. Patton works hard to connect with your world, operating regional offices in strategic locations across the globe, with training and technical-support centers in Switzerland, Hungary, Lebanon, India, Vietnam, and the USA. To better reach our global customers and serve their true needs, Patton works in connection with a growing network of technology, business, and sales-channel partners. Patton… Let's Connect!

For more information or a free catalog, contact sales@patton.com

Patton Electronics Company
7622 Rickenbacker Drive
Gaithersburg, MD 20879 USA
Tel: (301) 975-1000
Fax: (301) 869-9293
Email: marketing@patton.com
Web: www.patton.com

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Location:Gaithersburg - Maryland - United States
Industry:Technology, Telecom
Tags:EXIM, import, export, obama, congress
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