TTI Denies Chinese Military Ties by its Hong Kong Subsidiary

FORT WORTH, Texas--(BUSINESS WIRE)-- A draft rule released by the U.S. Commerce Department’s Bureau of Industry and Security (BIS) would add a new ‘Military End-User’ List to its regulations on military-use and end-user export controls. An initial list of entities identified by BIS as “Military End-Users” (MEUs) in the new rule includes TTI Electronics Asia PTE Hong Kong Ltd (TTI HK), a subsidiary of US-based TTI, Inc. (TTI).

TTI strongly denies that TTI HK is a MEU or that it maintains any ties to Chinese military. We intend to take all available steps to demonstrate to BIS that TTI HK should not be included on the MEU List.

TTI HK is an authorized distributor of various electronic components, none of which is a military or defense item. TTI HK is not an end user or a manufacturer of any items. TTI can assure our business partners that neither TTI HK nor any TTI affiliate engages in dealings with the Chinese military. In fact, TTI and all of its affiliates, specifically including TTI HK, take extraordinary measures to ensure full compliance with all laws and regulations, including all US export controls requirements. We firmly believe that BIS has wrongly included TTI HK on the newly proposed MEU List.

We want to assure our customers, suppliers, and all business partners that TTI and all of our affiliates have been and will continue to be fully compliant with all applicable laws and regulations, and that we will take all appropriate and available steps to demonstrate to BIS that TTI HK should not be included on the new MEU List.

About TTI

TTI, Inc., a Berkshire Hathaway company, is an authorized, specialty distributor of electronic components. Founded in 1971, the emphasis on a broad and deep product portfolio, available-to-sell inventory and sophisticated supply chain programs have established TTI as a distributor of choice to manufacturers in the industrial, defense, aerospace, transportation, medical, and communications sectors worldwide. TTI and its wholly owned subsidiaries, the TTI Family of Companies, Mouser Electronics, Sager Electronics and TTI Semiconductor Group employ over 7,000 people in more than 133 locations throughout North America, South America, Europe, Asia and Africa. Globally, the company maintains over 2 million square feet of dedicated warehouse space housing over 850,000 component part numbers. For more information about TTI, visit www.tti.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20201202005749/en/

Cathy Walensky
Corporate Communications Manager
817-740-9000
[email protected]
http://www.tti.com

Source: TTI, Inc.

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