An Iran-based company affiliated with Rayan Roshd Afzar Company, which leads an arms proliferation network supporting Iran's military; has procured critical parts for Iran's unmanned aerial vehicle (UAV) program, according to the U.S. Department of the Treasury.

According to the U.S. Department of the Treasury, has provided services related to dual-use electronic components to Iran Electronics Industries (IEI), which is owned or controlled by the Ministry of Defense and Armed Forces Logistics (MODAFL); has also imported dual-use electronic and electro-optical equipment into Iran for the benefit of Iran’s defense industries.

Members of the board of directors include Seyyed Reza Ghasemi, Mohsen Parsajam, and Farshad Hakemzadeh, who also serves as managing director.

Established in 2005, according to the U.S. Department of the Treasury; registered in Iran in 2009.

Sanctions

Added on May 31, 2024, to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; also subject to the Iranian Financial Sanctions Regulations, which restricts the use of the U.S. financial system for transactions involving Iranian entities.

Foreign parties facilitating transactions for the entity or otherwise assisting the entity may be subject to U.S. sanctions; foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States; also subject to heightened U.S. export license requirements (with a presumption of denial) due to involvement in activities related to WMD proliferation.