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 ECS Acquires Building

 

ECS International Inc., which specializes in surge suppression devices, has acquired its headquarters building in southeast Fort Worth, buying the multitenant building at 5500 E. Loop 820 upon learning it was for sale.

Terms of the acquisition was undisclosed.

The two-story, 17,766-square-foot building, called 5500 Centre, on 1.2 acres has been the company's headquarters since 1988. The acquisition gives the company the ability to plan for long-term corporate growth, said Beaux Riley, a broker with Coldwell Banker Commercial Alliance DFW.

"5500 Centre is in excellent condition and has unobstructed freeway exposure," Riley added.

The Class B office building is 98 percent leased with 13 office tenants. Dallas-Fort Worth has seen a growing amount of investor interest as its investment grade continues to improve.

Energy Control Systems

Receives Presidential “E” Award for Exports

May 17, 2012 Energy Control Systems was awarded the Presidential “E” Award for Exports by U.S. Department of Commerce Secretary John Bryson at the White House in Washington, D.C. The “E” Awards are the highest recognition any U.S. entity may receive for making a significant contribution to the expansion of U.S. exports.

“Our exports to the international marketplace continues to be the foundation of our sales growth, and we are honored to receive the “E” Award,” said Jeff Edwards, Energy Control Systems’ President and CEO. “When we first began exporting in 1989, export sales accounted for 27 percent of our total sales. “Over the past 15 to 20 years, exporting has risen from nil to roughly 65% of our annual revenue, and as we open new markets across Africa, South America and Southeast Asia, we expect that percentage to continue to rise.

Energy Control Systems, located in Fort Worth, Texas is a power quality and power efficiency engineering services corporation with specialties in surge suppression devices and harmonic mitigation equipment. Advanced technology in their proprietary devices has paved the way for ECS' success in the international markets.

“I am pleased to recognize Energy Control Systems for receiving the President’s “E” Award, which honors companies that make significant contributions toward increasing U.S. exports,” said U.S. Commerce Secretary John Bryson. “This Administration is committed to leveling the playing field for American businesses and workers to help U.S. companies build things here and sell them around the world. “E” Awards winners like Energy Control Systems have excelled in this effort, demonstrating four years of successive export growth. It is companies like this that are helping to grow our economy and put more Americans back to work.”

A business client of the Department’s U.S. Commercial Service, Energy Control Systems has benefited from export counseling, trade shows, market research, and business matchmaking to greatly expand its export sales. While South America represents a significant portion of the company's foreign market sales, the firm does business in several other regions of the world as well, specifically Africa and Southeastern Asia. Energy Control Systems demonstrated a substantial increase in the volume of exports over a four-year period, a major criteria for the award.

U.S. companies are nominated for the “E” Awards through the U.S. Commercial Service office network in 108 U.S. cities and more than 75 countries which helps U.S. companies export. The primary criterion for the “E” Award is four years of successive export growth or of supporting the export growth of others. “E” Awards

are awarded to applicants that can demonstrate a significant contribution to U.S. export expansion that is measurable, innovative, sustainable, and has broad impact.

All nominations are reviewed by the “E” Award Committee, which is chaired by the Department of Commerce, and includes representatives of ExIm Bank, the Small Business Administration, and the Departments of Agriculture, Labor, State, and Transportation.

This year marks 50th anniversary of the first presentation of the President’s “E” Award by President John F. Kennedy. The President’s “E” Award was created by Executive Order in 1961 to encourage U.S. companies to sell their products abroad. A second award, the President’s “E Star” Award, was authorized by the Secretary of Commerce in 1969 to recognize “E” Award recipients for their continuing significant contributions to U.S. export expansion.

A total of 41 U.S. companies and organizations were presented with the “E” Award at the May 17, 2012 World Trade Week ceremonies in Washington DC.

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