Israel

Allot Communications Ltd.

Symbol
NASDAQ: ALLT
Country
Israel
Contact Information
Sources

Allot Communications Ltd., a Hod Hasharon, Israel-based firm whose stock trades on Nasdaq and the Tel Aviv Stock Exchange and which reported $57 million in sales last year, sold its systems to a Randers, Denmark-based technology distributor. Workers at that company, RanTek A/S, repackaged the gear and shipped it to Iran, according to four former employees of Allot and RanTek. The shipments were legal under Danish law... Israeli lawmaker Nachman Shai called for a parliamentary investigation today, and the country’s Defense Ministry said it had begun to examine the report. Allot shares fell 5.1 percent to $15.84 at 11:04 a.m. in New York, after earlier plunging as much as 13 percent. Three former sales employees for Allot say it was well known inside the company that the equipment was headed for Iran. Allot officials say they have no knowledge of their equipment going there and are looking into RanTek’s sales... 'We do not authorize any sales to Iran,' says Jay Kalish, executive director of investor relations at Allot. If its products were shipped there by RanTek, it would be a 'breach of contract,' he says. Kalish says it’s challenging to track where its products go after they’ve been sold. Customers often don’t connect digitally to Allot, making electronic tracking difficult. The company has hundreds of distributors and their products have even appeared for sale on eBay, he says. Allot said in a statement today that its policy is to comply fully with Israeli and non-Israeli laws, including all applicable export laws and regulations. The product sold by Allot, NetEnforcer, conducts 'deep- packet inspection' of networks. The technology has commercial uses, such as helping a mobile network operator prioritize certain types of traffic or eliminating spam." (Bloomberg, "Israel Didn’t Know High-Tech Gear Was Sent to Iran" 12/23/2011)

 

Ofer Brothers Group

Industry
Shipping
Country
Israel
Sources

Now known as XT Group.

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"Secretary of State Hillary Rodham Clinton has decided to impose sanctions on seven companies under the Iran Sanctions Act (ISA) of 1996, as amended by the Comprehensive Iran Sanctions, Accountability, and Divestment Act (CISADA) of 2010, for their activities in support of Iran's energy sector. These companies are PCCI (Jersey/Iran), Royal Oyster Group (UAE), Speedy Ship (UAE/Iran), Tanker Pacific (Singapore), Ofer Brothers Group (Israel), Associated Shipbroking (Monaco), and Petróleos de Venezuela (PDVSA) (Venezuela)." (U.S. Department of State News)

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"Tanker Pacific (Singapore), Ofer Brothers Group (Israel), and Associated Shipbroking (Monaco): These companies are being sanctioned for their respective roles in a September 2010 transaction that provided a tanker valued at $8.65 million to the Islamic Republic of Iran Shipping Lines (IRISL), an entity that has been designated by the United States, and the European Union for its role in supporting Iran's proliferation activities.

We believe that Tanker Pacific and Ofer Brothers Group failed to exercise due diligence and did not heed publicly available and easily obtainable information that would have indicated that they were dealing with IRISL. The Secretary will hold companies accountable, as required by the ISA, when they know or “should have known” they were providing sanctionable goods or services to Iran. With the imposition of today’s sanctions, Tanker Pacific and Ofer Brothers Group are barred from securing financing from the Export-Import Bank of the United States, from obtaining loans over $10 million from U.S. financial institutions, and from receiving U.S. export licenses." (U.S. Department of State. "Seven Companies Sanctioned Under the Amended Iran Sanctions Act," 5/24/11)