AGC Systems strives to conduct business at the highest level of competence, fairness, and ethics. We routinely evaluate our relationship with customers, clients, and sponsors, and consider whether any change is needed in those relationships.
We are horrified at the current situation in Ukraine, and condemn its invasion by Russian military forces.
It has come to our attention that one of our sponsors is known to have headquarters in Russia. While we are led to understand that they have no connection with the Russian government or any person or entity under U.S. and European sanctions, we cannot ignore the fact that the net result of our endorsement of the company and its products would be financial input into the Russian economy.
In addition, the State of New Jersey has enacted laws limiting or prohibiting dealings with businesses associated with Belarus or Russia.
For these reasons, and as a show of support for both the government and people of Ukraine and the governments of the United States and the State of New Jersey, we are immediately suspending endorsement and promotion of that company and its products and services. If any of these factors should change in a positive fashion, we will reconsider our position.
I know that all of my colleagues here and around the world pray for peace and are against all types of violence whatsoever.
President, AGC Systems LLC
8 March 2022