MEMSCAP (NYSE Euronext: MEMS), the leading provider of innovative solutions based on MEMS (micro-electro-mechanical systems) technology, announces today the completion of registration under the US Department of State's International Traffic in Arms Regulations (ITAR). This registration documents MEMSCAP's dedication to adhering to the regulations emplaced by the United States government, which control the export and import of defence-related articles and services.
Administered by the Office of the Defense Trade Controls Compliance (DDTC), under authority established by the Arms Export Control Act (AECA), ITAR regulates the manufacture, export, import and transfer of defense related articles and services.
“MEMSCAP's ever commitment to providing the highest quality and efficiency devices and solutions, especially in fields where protection, security and reliabiliy are critical, finds a new embodiement in this registration that also reaffirms our dedication to ensuring a safer and more secure world ” said Steve Wilcenski, General Manager of MEMSCAP Custom Products Business Unit. “Our ITAR registration now ensures that MEMSCAP Inc. is well positioned to fully support defence related projects in the USA”.
MEMSCAP is the leading provider of innovative micro-electro-mechanical systems (MEMS)-based solutions. MEMSCAP standard and custom products and solutions include components, component designs (IP), manufacturing and related services. MEMSCAP customers include Fortune 500 businesses, major research institutes and universities. The company's shares are traded on the Eurolist of NYSE Euronext Paris S.A (ISIN: FR0010298620-MEMS).