7/25/2016 2:23:00 AM
HEADLINES
Fastener Inspection Equipment Firm Faces Sentencing For Selling to Iran Company
A Michigan company that manufactures inspection equipment for fasteners and other parts could face “a $200,000 fine, five years of federal probation and special compliance measures on charges of illegally selling equipment to Iran,” according to Crain’s Detroit Business.
In February Mark Hanna, president of Mectron Engineering Co. Inc., agreed to plead guilty to violating the federal International Emergency Powers Act, for exporting equipment to Iran without a license.
“The plea agreement calls for Mectron to pay $200,000 and establish a corporate compliance program ‘monitored by an independent entity’ to follow federal law in the future,” Crain’s reports.
Mectron allegedly sold an MI8500 inspection system to the Iran Tohid Co. of Tehran in March 2010 for $47,500, and once before in late 2008 for $44,600, according to court documents.
Iran Tohid manufactures parts for automotive markets.
Founded in 1968, Mectron Engineering designs and manufactures quality control and handling systems with eddy current and ultrasonic instrumentation and thread inspection systems for aerospace, automotive, commercial and medical fasteners; screw machine & precision-turned products; nuts and low profile components; and ammunition.
Mectron has facilities in Europe and Asia and is headquartered at 400 S. Industrial Dr. Saline, MI 48176. Tel: 734 944-8777 Email: sales@mectron.net Web: mectron.net
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