Redington Gulf strongly reacts to misleading reports

An article published by The Boston Globe identified Redington as a sales channel for HP printers in Iran and quoted a US Treasury Department official as saying US companies are prohibited from selling goods to a distributor if they know the products are intended for Iran.

Clarifying Redington's position on this issue, Mr. Raj Shankar, CEO, Redington Gulf, said:

"Redington is an authorised distributor of HP. We sell authorized products, to HP authorized customers, in authorized territories, in line with HP's policy guidelines. We have an authorised contract with HP that permits the sale of certain printer lines and supplies to approved Iranian customers."

"We have a separate contract for Iran and we are allowed to sell a certain type of products, which they classify as EAR99. Under the terms of the contract, Redington is authorised to fulfil and execute sales of specific printer lines to approved Iranian customers in Jebel Ali or the UAE," he explained.

Redington Gulf does not engage in any commercial activity in Iran. The company does not conduct sales, stocking or import activities inside Iran, nor does it transact payments from any customer or bank in Iran. The business model is such that Redington does not take the product physically to Iran. Redington fulfils those products here (Jebel Ali/ UAE), and it is then for the customer to take the product into Iran and engage in local commerce.