Involved in the development of nuclear reactors.

Subordinate to the Atomic Energy Organization of Iran (AEOI) and Novin Energy; involved in the design of the IR-360, a 360 MWe pressurized water reactor in Darkhovein (Darkhovin), Khuzestan, expected to be completed by 2018; conducted research on an emergency diesel generator system for the IR-360 nuclear power plant; conducted an analysis comparing two configurations of residual heat removal and containment spray systems for the IR-360 plant; reportedly conducted fuel, dosimetry, and neutronic calculations in support of the IR-40 Arak Heavy Water Research Reactor.

Managing director is Hamid Soltani; company personnel include Faramarz Yousefpour, Davood Babazadeh, and Kaveh Karimi; according to the National Council of Resistance of Iran (NCRI), members of the board of directors have included Seyed Hossein Hossein, Massoud Feyz, Mehdi Farokhi, Ahmad Fayaz Bakhsh, Mahmoud Janatian, Javad Kirimi Saabet and Siroos Shirazian; according to the NCRI, Chief Inspector is Matin Mohaseb and Alternate Inspector is Siroos Shirazain Khosravi; according to the NCRI, was established in July 2006 with company registration number 274811.

Sanctions

As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 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 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.

Listed by the European Union on July 26, 2010 as an entity linked to Iran's proliferation-sensitive nuclear activities or Iran's development of nuclear weapon delivery systems; with some exceptions, EU member states must freeze assets owned or controlled by the entity, directly or indirectly, and prevent assets from being made available to it.

Formerly sanctioned by the governments of Canada, Norway, Switzerland, South Korea, and Japan, restricting business and financial transactions with the entity and/or freezing its assets in those countries.

Listed by the British government in 2011 as an entity of potential concern for WMD-related procurement, but removed in 2017 after the U.K. withdrew its Iran list.