U.S. Export Reform Provides Boost to Space Industry Internationally

VPT Space Qualified, Radiation Hardened DC-DC Converters Now Available Globally with Significantly Reduced Export Restrictions  

BLACKSBURG, VA, September 17, 2014 – Recent changes to U.S. Export Administration Regulations have meant that VPT® Inc., a HEICO company (NYSE:HEI.A) (NYSE:HEI), has been able to make available its radiation hardened, space qualified electronics parts to non-embargoed international markets without ITAR (International Traffic in Arms Regulations) export restrictions.

VPT’s high-reliability DC-DC converters and accessory products are used by the most prominent global aerospace and space organizations, including NASA, Boeing, BAE Systems, European Space Agency (ESA), and The Airbus Group. Its 30krad SV Series of space qualified products that were previously controlled through ITAR are now classified as EAR99 and eligible for export without an export license. Additionally, its 100krad SVR Series of space qualified products are now assigned under the Export Control Classification Number 9A515e. With few exceptions, this classification allows for export to 36 countries including France, Canada, the United Kingdom, Spain, Germany, and Japan without an export license (EAR §742.6). 

Executive Director of International Sales for VPT, Malcolm Campbell, stated, “ITAR restrictions were constraining to our international customers, but the recent export control reform by the U.S. Department of Commerce enables a shift in global space program development. The space industry in the UK and other countries around the world can now benefit from VPT’s level of proven technology without the tedious process that was previously required.” 

Full technical details are available at Space DC-DC and for further information, contact VPT at vptsales@vptpower.com 

Certain statements in this announcement may constitute forward-looking statements. Products described in this communication are subject to all export license restrictions and regulations which may include but are not limited to ITAR (International Traffic in Arms Regulations) and the Export Administration and Foreign Assets Control Regulations.  Further restrictions may apply. VPT, its logo and tagline are registered trademarks in the U.S. Patent and Trademark Office. All other names, product names and trade names may be trademarks or registered trademarks of their respective holders.