Ostem Implant US Corporation Receives Presidential Commendation from President Joe Biden

"Contribution to Export Promotion"

Osstem Implant announced on the 12th that its U.S. subsidiary received the '2023 President’s 'E' Awards' from U.S. President Joe Biden on the 6th (local time).

On the 6th (local time), at the U.S. Department of Commerce government building in Washington D.C., Gina Raimondo, Secretary of Commerce (left), presented a certificate of commendation to Lee Kyung-rae, Head of Ostem Implant's U.S. branch, and they are taking a commemorative photo.
[Photo by Ostem Implant]

The award ceremony was held at the U.S. Department of Commerce government building in Washington D.C. Commerce Secretary Gina Raimondo presented the certificate of commendation to Lee Kyung-rae, General Manager of the U.S. subsidiary, on behalf of President Joe Biden.

The U.S. President’s ‘E’ Award was established in 1961 during the administration of former President John F. Kennedy to strengthen the competitiveness of American companies and expand their global presence. It is an honor awarded to U.S. companies that have contributed to the expansion of U.S. exports.

The award is given to companies that pass a comprehensive evaluation by the U.S. government, including ▲sustainability (profitability, financial stability, etc.), ▲business model (mid- to long-term business plans, etc.), ▲corporate ethics (compliance with laws and regulations, transaction transparency, etc.), ▲customer service level (quality control, warranty, etc.), and ▲export activities (innovation, scalability, etc.).

The governments of the 50 U.S. states select companies or institutions that have contributed to the activation of U.S. overseas exports or supported export activities, and recommend them to the federal government. The U.S. Department of Commerce conducts the final review and selects about 20 companies and institutions annually. This year, 22 companies and 2 institutions, including nonprofit organizations such as the Los Angeles Chamber of Commerce, were selected.

Osstem Implant’s U.S. subsidiary demonstrated profitability and financial soundness by achieving export growth and stable domestic performance over the past four years. Additionally, the company explained that it was recognized for the excellent quality of products manufactured by the U.S. subsidiary, clinical education services provided to local dentists, adherence to corporate ethics, and creation of local employment, leading to its selection as an award recipient.

Lee Kyung-rae, General Manager of Osstem Implant’s U.S. subsidiary, said, "This award signifies that the U.S. government has recognized the excellent capabilities and growth potential of our U.S. subsidiary. We expect that this award title will serve as a very important catalyst not only for the local sales activities of the U.S. subsidiary but also for securing more than 50 clients worldwide who receive products manufactured by the U.S. subsidiary."

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