|CYBEX RECEIVES PRESIDENTIAL AWARD FOR EXPORT SUCCESSES|
Latest Brunswick Acquisition Cited for Contributions to U.S. Export
Rosemont, IL, May 16, 2016 — U.S. Secretary of Commerce Penny Pritzker today presented Cybex International with the President's "E" Star Award for Exports at a ceremony in Washington, DC. The President's "E" Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports.
"Cybex International has demonstrated a sustained commitment to export expansion. The
"E" Awards Committee was very impressed with Cybex International's customization of its
products for export markets," said Secretary Pritzker in her congratulatory letter to the company announcing its selection as an award recipient. "The company's participation in trade shows and events was also particularly notable. Cybex International's achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs."
For more than 45 years, Cybex has been a leading manufacturer of premium exercise equipment. The Cybex offering includes a full range of strength and cardiovascular products that are aesthetically striking, innovative, durable in structure, biomechanically correct – and most importantly – designed to deliver results for everyone from first-time exercisers to professional athletes. Cybex designs and manufactures its products in the USA for a wide range of facilities, from commercial health clubs to home gyms.
"Exporting continues to be the foundation of our sales growth, and we are honored to receive the "E" Star Award," said Kristopher Neff, Cybex's president. "Cybex first began exporting in the 1970s, and now the business has grown to more than $40 million and 30 percent of our annual sales. We're extremely proud of our global team members and distribution partners who work tirelessly to build and strengthen our international export business."
In 1961, President Kennedy signed an executive order reviving the World War II "E" symbol of excellence to honor and provide recognition to America's exporters. Today, Secretary Pritzker honored 123 U.S. companies with the President's "E" Award for their outstanding work to reduce barriers to foreign markets and to open the door to more trade around the world.
In 2015, U.S. exports totaled $2.23 trillion, accounting for nearly 13 percent of U.S. GDP. Nationally, exports contributed to the U.S. economy, supporting an estimated 11.5 million jobs.
U.S. companies are nominated for the "E" Awards through the Department of Commerce's U.S. Commercial Service office network, located within the Department's International Trade Administration, with offices in 108 U.S. cities and more than 70 countries. Record years of successive export growth and an applicant's demonstration of an innovative international marketing plan that led to the increase in exports is a significant factor in selecting the winners.
For more information about the "E" Awards and the benefits of exporting, visit www.export.gov.
About Cybex International, Inc.
For over 45 years, Cybex International, Inc., a division of Brunswick Corporation (NYSE: BC), has been a leading manufacturer of premium exercise equipment. The Cybex product line, which includes a full range of strength, cardio and service solutions is designed to be aesthetically striking, innovative in design, durable in structure, biomechanically correct – and most importantly – truly helpful to everyone from first-time gym members to professional athletes. Led by the Cybex Research Institute, Cybex is fiercely committed to real results and meaningful innovations delivered through a devotion to excellence and a dedication to science. Cybex designs and builds its products in the USA for a wide range of facilities, from commercial health clubs to home gyms, in more than 85 countries worldwide. For more information on Cybex and its products, visit the company's website at http://www.cybexintl.com or follow them on Twitter, Facebook or Google+.