Rocky Mountain Instrument Co.

FOR IMMEDIATE RELEASE     
June 22, 2010                               
MEDIA CONTACT
Tricia Heller
Ph. (303) 664-5000,  ext. 211
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RMI ANNOUCES SETTLEMENT WITH THE DEPARTMENT OF JUSTICE.
Lafayette, Colorado – June 22, 2010 – Mr. Steven Hahn, Chief Executive Officer of Rocky Mountain Instrument Co. (“RMI”), announced that the company has entered a plea agreement with the Department of Justice (“DOJ”) to resolve cooperatively DOJ’s outstanding export control investigation.

Today, Mr. Hahn and an attorney for the U.S. Attorney’s Office, District of Colorado, appeared in U.S. District Court in Denver to enter a plea and agreement for consideration by the Court.  The plea agreement is the culmination of a multi-year effort by RMI and DOJ to identify and resolve violations of U.S. export controls. 

A central component of the agreement is RMI’s commitment to continue full cooperation with the U.S. Government.  This cooperation has marked RMI’s response to DOJ’s formal enforcement action that began in October 2007.  RMI’s on-going cooperation underscores the company’s appreciation that U.S. export controls support important U.S. national security and foreign policy interests.  As a company dedicated to U.S. national security and a provider of crucial components for major defense systems, RMI’s historic and future cooperation is fully consistent with its corporate mission. 

An additional important component of the agreement with DOJ has been RMI’s proven ability to integrate export control compliance into its business operations.  Since the outset of DOJ’s enforcement action, RMI has performed a complete review of its export control compliance system and developed an effective compliance program that meets or exceeds recommended standards. 

“This settlement with the Department of Justice is an unequivocal statement by RMI that it stands as a partner in compliance with the U.S. Government,” said Mr. Hahn.  He added, “the errors we experienced were examined carefully, we took substantial remedial measures, implemented new controls and are now conducting operations at RMI as a model in this industry with respect to U.S. export controls.”  

For further information on RMI and the importance of U.S. export controls, please visit http://www.rmico.com/export-controls. 

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About RMI, Inc.

Founded 1957 in Boulder, CO, Rocky Mountain Instrument Company (“RMI”) is a leading producer of high technology optical components, thin-film coatings, and assemblies for a global client base of commercial and government system manufacturers. RMI’s products are utilized in the world’s most advanced laser and imaging systems for the medical, aerospace, industrial, semiconductor and surveillance industries. The company is headquartered in Lafayette, CO where it operates a state of the art manufacturing facility and employs over 200 dedicated personal including global support facilities and affiliate companies.