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US Treasury Secretary Lew Visits Patton Electronics in Maryland to Highlight Export Opportunities for American Innovators


11.7.2013

Drawing of U.S. Treasury Building
U.S. TREASURY DEPARTMENT,  OFFICE OF PUBLIC AFFAIRS


Jacob Lew, Treasury Secretary with Bobby Patton, CEO

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Patton Electronics is an excellent example of the strength and resilience of the American economy. Their success demonstrates why it is so critical that we invest in manufacturing...
Jacob J. Lew 
Treasury Secretary 
U.S. Treasury Department 
GAITHERSBURG, MARYLAND:  Treasury Secretary Jacob J. Lew today toured the production floor of Patton Electronics Company, a family-owned business and exporter of telecommunications equipment in Gaithersburg, Maryland. The visit highlights the significance of U.S. investment in manufacturing and innovative technologies. The Secretary heard from Patton about the importance of the Administration’s continued efforts to promote American exports and expand opportunities for U.S. workers and businesses.

“Patton Electronics is an excellent example of the strength and resilience of the American economy,” said Secretary Lew. “A growing export market has been key to Patton’s ability to expand and create jobs. Their success demonstrates why it is so critical that we continue to drive innovation, invest in manufacturing, and open up opportunities for U.S. companies.”

Patton Electronics Company has been a participant in the Export-Import Bank’s Working Capital Lender Loan Guarantee program since 2000. The company exports its network access and connectivity products to more than 120 countries around the world and cites that sales to international customers contribute to more than 70 percent of its business. Today, Patton employs nearly 100 workers in the Gaithersburg community in manufacturing, engineering, and marketing. 

Media Contact:
Treasury Public Affairs (202) 622-2960
Patton Electronics (301) 975-1000, [email protected]

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About Patton


Patton is all about connections. 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. Incorporated 1984, Patton has built everything from micro-sized widgets that connect "this-with-that," to carrier-grade Telecom gear that connects subscribers to service-providers. Patton's specialty is interconnecting legacy TDM and serial systems with new-generation IP-based voice, data, and multi-media technologies. 

Headquartered in Gaithersburg, MD, USA, Patton equipment—including VoIP, Ethernet extension, and wireless router technologies—is up-and-running in carrier, enterprise and industrial networks worldwide. Patton works in connection with a growing network of technology, business, and sales-channel partners. To connect with local-market requirements, Patton operates training and support centers in Switzerland, Hungary, Lebanon, India, Vietnam, and the USA.

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