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Company Response

15 Aug 2024

Author:
Sodick

Sodick response

...Sodick is firmly committed to non-proliferation of Weapons of Mass Destructions (“WMD”) and strictly implementing export control based on the foreign exchange and other international laws under the applicable international agreements concerning the export and transfer of WMD related cargo and its technology.

To comply with the applicable laws such as Foreign Exchange Act and to execute the appropriate export control, we have established the Security Export Control Systems and Procedures in our organization.

Prior to each sale of our machinery, we conduct a thorough investigation of our customer and verify if our machine tool is intended to be used for civil purpose, not for development of WMD or other type of weapons.

Ever since Russia’s invasion of Ukraine, we have suspended all transactions with any party in Russia...

Part of the following timelines

Russia: Imports of Western-made CNC machines critical for military production continue to increase, according to CSOs report; incl. cos. responses & non-responses

Ukraine: Govt. launches database of foreign equipment allegedly used by Russia in production of weapons incl. machine tools made by 140 companies