Strong European sales as well as significant new export programs cited.
PIQUA, Ohio — June xx, 2004 – Hartzell Propeller Inc. announced today that Ohio Governor Bob Taft presented it with a Governor’s Excellence in Exporting Award (“E” Award) from the Ohio Department of Development. The Governor’s E Award recognizes Ohio companies that have increased sales volume through exports, have increased Ohio-based employment as a direct result of export activity, or have developed and implemented a strategy to expand their international sales. Hartzell was similarly awarded in 1988 for its exporting efforts.
Hartzell Propeller derives over 25% of its sales revenue from exports, with OEM customers in 18 different countries and a network of recommended repair facilities in 12 countries outside the U.S. Despite a weak domestic market, Hartzell Propeller was able to increase its sales in 2003 due to a 13% growth in export sales. Export markets, particularly Hartzell’s strong European customer base, proved to be more resilient in 2003 and Hartzell launched significant new programs with Embraer of Brazil and Diamond Aircraft of Canada. Futhermore, Hartzell’s sales efforts have positioned the company for substantial future export growth with six new programs in five different countries scheduled to launch this year or next.
Hartzell Propeller Inc. is widely recognized as the leader in advanced propeller design and manufacturing technology. NASA has recognized Hartzell’s advanced design capability by naming it the exclusive propeller partner for its General Aviation Propulsion (GAP) program. The company has recently developed the next generation of propeller designs based upon innovative “blended airfoil” technology and is manufacturing these blades on revolutionary machining centers to provide mission optimized performance for its customers. Hartzell traces its beginnings in 1917 to a relationship with Orville Wright and was founded on the principal of Built on Honor – a tradition that continues today. For more information visit the company on the Web at www.hartzellprop.com