Withdrawn

UANI wrote to Songwon to express our concern regarding Songwon Industrial Co.’s (“Songwon”) advertised participation in the 4th International Conference and Exhibition on Masterbatch & Polymer Compounds (“IMCPA” 2019), which is took place from February 17-29, 2019 in Tehran, Iran. (IMCPA 2019, “About”)

Halted plans to build an underground railway system in Tehran; had signed a letter of intent with Iran’s Industrial Development and Renovation Organization (IDRO) in February 2018 to deliver 960 subway cars, in a deal worth $1.4 billion. ("Factbox: European companies respond to latest Iran sanctions," Reuters, August 8, 2018.)

Ended a project to install railroad tracks outside of Tehran after signing a €2 million contract in 2017. (Peter S. Goodman, “Italy’s Economy Was Humming Nicely. Then Came Trump,” The New York Times, June 22, 2018.)

Helaba will no longer handle payment transactions for Iran businesses. Elisabeth Atzler, “Helaba stoppt Zahlungsverkher (Helaba stops processing transactions),” Handelsblatt (Germany), July 12, 2018.

Will exit its distribution partnership in Iran before November 4, 2018; had previously predicted a profit of 16 million euros from its business in Iran. (“France’s Ingenico cuts core profit outlook on Iran exit, currency headwinds,” Reuters, July 25, 2018.)

"HYFLUX on Tuesday announced that its subsidiary has been released and discharged from all rights, duties, obligations, claims and demands under a contract for a desalination package in Iran. Under the contract, the subsidiary, Hyflux International Pte Ltd (HIPL), was to design, manufacture and supply a seawater reverse osmosis desalination package in Bandar Abbas, Iran. Iranian firm Asia Water Development Engineering Company (AWDEC) had awarded the project to HIPL in April 2018. However, it was suspended in October 2018, after the US reintroduced sanctions on Iran and pulled out of the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action." (The Business Times, 11/27/2019).

--

"Hyflux has received a letter of intent (LoI) for the award of a second contract from Asia Water Development Engineering Company (AWDEC) for a seawater reverse osmosis desalination package at Bandar Abbas, Iran. The announcement follows the $110.7 million contract awarded by AWDEC in April this year for a similar project at the same location, which Hyflux says AWDEC is pleased with thus far based on the project’s first phase of progress." (The Edge, "Hyflux wins second contract for Iran desalination project despite restructuring," 7/11/2018.)

"Iran's state rail company has signed a memorandum of understanding with Switzerland’s rail tracks maintenance machines manufacturer Matisa for obsolescence management, Tasnim news agency reported on Wednesday." (Press Tv, "Swiss Rail Company Matisa defies US with Iran deal," 6/20/2018.)

"Suspending activities in Iran. In December 2017, announced a licensing deal with Ayegh Khodro Toos to manufacture parts for Iran Khodro and Groupe PSA, beginning in 2019."  ("Autoneum withdraws from Iran" (in German), Handelszeitung, July 2, 2018.