Pleaded guilty on April 10, 2008, in federal court in the District of Columbia to one count of conspiracy, one count of export without a license, and one count of attempted export without a license of cryogenic submersible pumps to Iran, in violation of the International Emergency Economic Powers Act (IEEPA); between August 2001 and May 2004.

Allegedly conspired and agreed with others to export cryogenic submersible pumps from the United States to Iran without the required U.S. Government authorization; allegedly devised and employed a scheme under which a co-conspirator in the United States, EBARA (Ebara International Corp., Inc.), would sell and export the pumps to Cryostar in France, who would then resell the pumps to TN, another French company (reportedly Technip SA) which would forward the pumps to a petrochemical company in Iran; allegedly participated in falsifying paperwork, including purchase orders, and relabeling component parts of the pumps in order to conceal the pumps' U.S. origin and ultimate end user; in January 2003, EBARA allegedly shipped four pumps (valued at approximately $750,000) without the required government authorization from the U.S. to France for installation at the 9th Olefin Petrochemical Complex in Iran.

In August 2003, allegedly prepared three pumps (valued at approximately $1,125,000) to be shipped without the required government authorization for installation in the 10th Olefin Petrochemical Complex in Iran; in May 2004, Cryostar employees allegedly lied to Department of Commerce agents, saying that they believed that EBARA had obtained export licenses for the transactions; agreed to a criminal fine of $500,000 and corporate probation of two years.

On December 7, 2007, assessed a civil penalty of $66,000 by the U.S. Department of Commerce, Bureau of Industry and Security (BIS), and designated by BIS as a Denied Person and prohibited (with its successors or assigns, and its representatives, agents, officers or employees when acting for or on behalf of Cryostar) for a period of two years from participating in any transaction or activity subject to the U.S. Export Administration Regulations (EAR), to settle charges that it committed seven violations of the EAR.

Designs and manufactures cryogenic equipment; member of The Linde Group since 2006; headquartered in Hésingue, France, with business centers in Brazil, China, Singapore, the United States and the United Kingdom; established in 1966.