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Press release 13.01.2014

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Monday, 13 January 2014 13:16

T-Platforms Name is removed from U.S. Export Restrictions Entity List

Company is cleared to resume commerce

T-Platforms, an international developer of supercomputers and a supplier of a full range of solutions and services for high-performance computing, announces its name has been removed from the list of organizations allegedly acting contrary to the national security and foreign policy interests of the United States, known as the Entity List. This restriction removal is for all of T-Platforms and applies to the company and its subsidiaries in Germany and Taiwan, allowing them to resume normal trade activities in compliance with all U.S. export control requirements.

Imposed on March 8, 2013 by the Bureau of Industry and Security of the U.S. Department of Commerce, the previously imposed export restrictions prohibited high-tech vendors from selling certain types of products and components of U.S. origin to T-Platforms, as well as goods bearing American intellectual property. In reality, the decision was interpreted by many manufacturers as a complete ban on the sale of various products to T-Platforms, often not subject to the Export Administration Regulations (EAR).

The previously imposed sanctions have caused T-Platforms significant economic and image impact. The company was forced to suspend purchases of components, materials and semiconductors. Sanctions greatly affected production and sales numbers, and the pace of new system development.

In August 2013, T-Platforms submitted an appeal to the Bureau of Industry and Security of the U.S. Department of Commerce, providing comprehensive proof that the company operates in compliance with all U.S. export control requirements. The review of T-Platforms documentation by the Bureau of Industry and Security has resulted in removal of T-Platforms and its subsidiaries from the Entity List. The decision went into effect on 31 of December, 2013, with the publication on the official website of the Government of the United States.

“I would like to express special gratitude to the Russian government and its institutions as well as to the Chamber of Commerce of the Russian Federation in the USA for their support and assistance,” said the CEO of T-Platforms, Seva Opanasenko, “We're also grateful to customers, partners, journalists and to everybody in the global supercomputing community who supported us during this period of confusion.”

T-Platforms plans to make an aggressive growth effort during 2014 in both domestic and international markets. The company plans to launch new enhanced products and actively develop a leading supercomputer market agenda in both Russia and Europe.
 
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