Licensing Issues

FTG is a technology that came to the mining and petroleum industries from the US Navy through the Dual Use Initiative. As such this technology is covered under International Traffic in Arms Regulations (ITAR) Licensing Restrictions (22.CFR121.1). The following Website: http://www.pmddtc.state.gov/embargoed_countries/index.htm lists currently embargoed countries and provides an indication of where it would be difficult to obtain a license. Bell Geospace has attempted to secure licenses for the most likely countries for oil & gas and mining exploration and would be unable to operate in a country without first obtaining a license.