3D printer company to pay US up to $27 million for violating export curbs to China

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

WASHINGTON :3D Systems Corp on Monday agreed to pay up to $27 million to settle with the U.S. for illegally exporting to China controlled design drawings for military electronics and spacecraft, among other violations.Rock Hill, South Carolina-based 3D Systems, which provides 3D printing and other services to

WASHINGTON :3D Systems Corp on Monday agreed to pay up to $27 million to settle with the U.S. for illegally exporting to China controlled design drawings for military electronics and spacecraft, among other violations.

The emails included design drawings for aerospace technology that required U.S. export licenses. It also illegally sent documents to Germany where it had a server for employee emails without the required licenses. Besides the Commerce Department, the company also settled with the U.S. Department of Justice and the U.S. Department of State.

Its settlement calls for $2.27 million payable within 30 days, and another $2.27 million it fails to pay at least that amount to the other agencies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3D printer company pays $2.77 million for violating China export curbs -Commerce DeptWASHINGTON : 3D Systems Corp on Monday agreed to pay $2.77 million in penalties to settle with the U.S. Commerce Department for illegally exporting to China controlled design drawings for military electronics and spacecraft, the Commerce Department said.In addition to the Commerce settlement, the company
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »