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Abaxis Receives Presidential "E" Award for Exports
Date:5/16/2011

UNION CITY, Calif., May 16, 2011 /PRNewswire/ -- Abaxis, Inc. (NasdaqGS: ABAX), a medical products company manufacturing point-of-care blood analysis systems, today announced the Company was awarded the Presidential "E" Award for Exports by U.S. Department of Commerce Secretary Gary Locke at the Department's headquarters 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.

"Exporting continues to be a significant part of our sales growth and we are honored to receive the "E" Award," said Clint Severson, chairman and chief executive officer of Abaxis. Since 2006, which encompasses one of the most challenging macro-economic periods in the history of the United States, Abaxis' annual exports have grown at a compounded rate of 21 percent.

Abaxis, Inc. is a Union City, California developer, manufacturer and marketer of portable blood chemistry analyzers for use in the human healthcare and veterinary markets to provide clinicians with rapid blood constituent measurements.  Abaxis provides leading-edge technology, tools and services that support best medical practices, enabling physicians and veterinarians to respond to the health needs of their clients at the point-of-care while operating economical and profitable practices.

"Exports are a key driver of America's economic recovery," said Secretary of Commerce Gary Locke.  "President Obama's National Export Initiative (NEI), which aims to double U.S. exports by 2015 in support of several million American jobs, is a robust, forward-looking trade agenda with an emphasis on domestic job growth.  Abaxis, Inc. is being honored today for making significant contributions toward fulfilling that agenda."

"I congratulate you on your significant export achievement. It is businesses like yours that will help us meet or exceed the President's NEI goals. Your firm provides an
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SOURCE Abaxis, Inc.
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