Technopower & Tools, Inc.

"As Iran’s 19th annual International Oil, Gas and Petrochemical Exhibition drew to an end in Tehran last week, it was hailed as a success by both organizers and participants alike. Though none of the European or American oil giants had taken part, there was a tripling of participation by foreign companies from countries such as Germany, Spain, Canada and Japan as well as the Chinese…’We’ve seen extreme interest in our products from Iranian companies, both private and state owned,’ said Alexandre Chtcherbakov, president of the Canadian Techno and Power Tools Inc., which produces advanced lithium batteries that are used in oilfield drilling. ‘This is very promising for the future…Iran is a big opportunity for us. We stand to triple our total business, but we are not selling anything to them right now…We are a Canadian company and we will not do anything to jeopardize our position. We will keep on abiding a 100% by the sanctions regime.’” (Time, “Foreign Companies Strike Hopeful Note at Iranian Oil Fair,” 5/15/14) (http://time.com/101817/foreign-companies-strike-hopeful-note-at-iranian-oil-fair/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Ftopstories+%28TIME%3A+Top+Stories%29)