re: Iray just got sanctioned, kiss your warranty goodbye

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Notice to iRayUSA Dealers
3rd May 2024

iRayUSA, LLC
Lewisville, TX


To our loyal customers,

Yesterday the OFAC announced additional sanctions related to the global Russia-Ukraine conflict that apply to over 280 additional individuals and foreign entities. These sanctions are imposed to restrict certain technology from flowing to Russia and reduce its ability to wage war against Ukraine. Among the entities named in these sanctions is Yantai iRay Technology Company Ltd.

iRayUSA’s manufacturing partner is a separate entity and is uninvolved in the cause of the above sanctions. iRayUSA’s business in distributing the InfiRay Outdoor brand is only in the commercial market in the United States of America.

To obtain crystal clarity on the question of impact to our business as well as our dealers' businesses, we have been in direct contact with outside counsel and the OFAC in Washington D.C. over the past 24 hours. At this time based on our conversations with OFAC and outside counsel the above sanctions have no negative impact whatsoever on sales, shipments, or any other part of our business including our industry leading warranty and after sales support. Please reach out to your sales representative for any questions you may have regarding the product. Our sales team has no additional details on the above sanctions and I will be the first to update you if there is any additional information.

While I have your attention, I would like to give you something else to talk about:

We will be releasing the industry's first 1024x1024 thermal weapon sight with a 3X base magnification this month, and will be releasing the industry's first entry-level dual-use thermal weapon sight this month, and we will be releasing the world's first commercial 90Hz thermal weapon sight this month. So stay tuned! In conclusion, iRayUSA is dedicated to delivering high performance thermal optics and is very excited about the future of the InfiRay Outdoor product line in the US market. We are working hard to bring you the high performance thermal optics you have come to know and love. I would also like to remind you that every dealer of our product is contractually bound to abide by US ITAR regulations.

Respectfully,

Tyler Adair

CEO, iRayUSA

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